Russians will soon face a serious income drop due to the sanctions and counter-sanctions imposed after Russia launched its special operation against Ukraine. About this “Kommersant” declaration Vladimir Gimpelson, Director of the Center for Labor Studies at the School of Economics.
“We do not expect large numbers of unemployment, but at the same time we have no doubt that the blow to labor income will be serious. “The peculiarity of this crisis is that it promises to be prolonged, as no one will lift sanctions or counter-sanctions for the foreseeable future,” said Gimpelson.
According to him, the country’s economy will gradually decline due to the prolonged stay in force of the sanctions. As a result, revenues will stop. That is, people will become poorer and this will affect their ability to pay.
He added that in times of crisis in Russia, the decline in the labor income of the population has become a kind of hallmark of the Russian labor market.
June 7, according to “Avito.Works” and GigAnt study reportedAbout half of Russians – 46% – use part-time work to increase their monthly income.