Wednesday, June 17, 2015

Real wages of Russians will return to pre-crisis levels by 2018 – RBC

In fact, to return the size of the average Russian real wages (the amount of money that remains at the disposal of the employee after compulsory payments adjusted for inflation) to the level of last year, will take about three years, he warned the Deputy Minister of Labor and Social Protection of the Russian Federation Love Eltcova.

«We are concerned about the dynamics of real wages. According to the Russian Ministry of Economic Development, in 2015, real wages could be reduced by 9.8% the previous year. Restoring reached in 2014 the level of real wages is forecasted in 2018, “- said Eltcova the organized round table in the State Duma (quoted by RIA Novosti news agency).

According to Rosstat, since the beginning of 2015, real disposable income of Russians declining rapidly in January 2015, they decreased at an annual rate of 0.8% in February – by 1.6% in March – by 1.8% in April – 4%. The average size of the real wage falls even faster: in January 2015 it decreased at an annual rate of 8.4% in February – by 7.4%, in March – 10.6%, in April – 13.2 %.

According to estimates from Rosstat, in the first four months of 2015 the real incomes of the population of Russia decreased by 2.2%, real wages of the average worker – by 10,2%.

Published In May 2015 study by Nielsen shows that almost a fifth of Russians (18%) of income is now only enough to pay for food and other vital needs. The report of the company Nielsen is called anti-record: even in the crisis year 2009 the total absence of free money claimed only 4-7% of Russians.

One of the solutions to the problem, according to Eltsova, could be gradually bringing the minimum size wage (SMIC) to the subsistence level. SMIC Now almost half: in accordance with the signed in early June decree of the government of the Russian Federation living wage in Russia is for the able-bodied population 10,404 rubles., And the minimum wage – 5965 rubles only.

«The share of workers with salaries below the subsistence level of the working population, according to our estimates, will grow from 3.5 million in 2013 to 5.6 million in 2015 “, – said Eltcova. According to her, from January 1, 2016 Ministry of Labour proposes to raise the minimum wage each year, by 2020, to equate it with the cost of living for the first quarter of the previous year.

The head of the Duma Committee on Labor, Social Policy and Affairs Olga Batalina veterans warned that the situation in the labor market continues to deteriorate in Russia.

«With the labor market goes quite numerous, so-called post-war generation, and comes to the labor market of the 1990s generation, are not comparable in numbers . We all need to be in the coming years to answer the question: “How can we in the face of population aging, in terms of demographic challenges will be able to, on the one hand, to keep the productivity of the other – not to weaken our investment in human capital and to preserve the system of social guarantees that have we have today in the employment relationship “, – added Batalina.

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