Saturday, April 4, 2015

Real wages in Russia declining at an alarming rate – SoftSraze: actually and objectively

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President and the Prime Minister is also easy – their salary was reduced

Real wages from January to February 2015 decreased by 9% compared to the same period last year. This is with reference to the head of the Ministry of Labor Maxim Topilin RIA Novosti reported.

Earlier, the Ministry of Economic Development reported that the estimated reduction in real wages in Russia 2015 9.6%. This is mainly due to the slowdown in wage growth in the public sector due to the reduction of financial possibilities of the budget.

« Unfortunately, real wages in January and February of this year fell almost 9%. Nominal wages remained virtually unchanged, but the real decline – 9% », – quotes RIA Novosti Topilin. According to the head of department on real wages negatively affect inflation jump the end of 2014. At the same time, he expressed confidence that these trends will be based on attenuation gradually offset by inflation, which necessitates careful monitoring of real income, real wages, wage arrears and “at various levels to make certain decisions».

« What this may be the solution? The government and the State Duma, the Federation Council, together with constantly in this direction trying to find a balanced proposal that can and in a certain way to support our people, our employees, and at the same time does not contribute to the acceleration of inflation … », – he said.

At the same time the growth rate of registered unemployment in Russia – that is, the number of those who turn to public employment services – continue to slow. « Now the number of registered unemployed in Russia amounts to little more than a million people – last week, registered unemployment is growing almost », – Maxim Topilin. According to him, at the peak of the last crisis, it reached the level of 3%, and now it is three times lower – 1,3%.

Tags: inflation, Mayor

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