Study: Russia passed the pandemic without lowering real wages in organizations
Real salaries in the organization have not decreased, the study says.
Photo: REUTERS
Russia has made a historic achievement by managing to overcome the coronavirus crisis without cutting real wages in the organization. This is reported by TASS with reference to a study by the Institute for Social Policy of the National Research University Higher School of Economics “Monitoring the socio-economic situation and social well-being of the population: three quarters of 2021.”
“The fact that we did not get out of the crisis by reducing the real wages in the organization is a historic event, as the study says.
According to statistics, in the second quarter of 2020, the actually accrued wages almost did not decrease (99.9%), and in the third quarter it even increased (105.5%).
The only exception is the non-corporate sector, which includes small and medium-sized businesses. In this area, in the second quarter of 2020, labor income amounted to 82% of the same period last year.
In addition, the researchers note that in terms of real disposable income of the population in the third quarter of 2021, it was possible to return to the indicators of 2019. In many ways, this was possible thanks to social payments (including lump-sum payments) to families with children and pensioners.