A Christmas gift from Putin wages to reach living wage

Vladimir Putin has prepared a Christmas gift to the Russians. The President signed the law on raising the minimum wage (SMIC) to the level of the subsistence minimum. From 1 January 2018 it will reach 9489 virtually any. And starting in 2019, these two indicators is leveled. However, experts regard this gesture as only one of the ways to appease the electorate before the upcoming March elections. And it will cost budget inexpensive and does not greatly increase the contents of purses reviews of Russians.

photo: slavdelo.dn.ua

To increase the minimum wage to a living wage in the government are trying in 2015. The most significant increase was in 2016. Then “minimal” immediately increased by 21%. However, then came a lull. And from 1 January 2018, the minimum wage will be 85% of the subsistence minimum.

However, from 2019, according to the President signed the law, these two indicators will be compared. “Starting from 1 January 2019 onwards annually from 1 January of the respective year, the minimum wage established by Federal law in the amount of the subsistence minimum of able-bodied population in the Russian Federation for the second quarter of the previous year”, — said in the document.

Recall that the size of the subsistence minimum established on the basis of the consumer basket. Its calculation also takes into account prices for food and services, as well as the sum of obligatory payments and fees.

And already on its basis to assess the quality of life of Russians in General and separate categories, and calculates the sum of social benefits and payments.

Moreover, in every Russian region, the amount of the subsistence minimum must be installed separately. In the whole of Russia in the III quarter of 2017, the figure was virtually any 11160 for the working population, 8496 virtually any for pensioners and 10181 ruble for children.

Earlier, Deputy Prime Minister Olga Golodets has estimated the number of Russians who receive a salary at subsistence level, almost five million people. Meanwhile, the Minister of labour and social protection Maxim Topilin counted poor Russians many times more. “It is estimated that exist, the number of citizens who have incomes below the subsistence level, it is maintained at 20 million — is 13-13,5% of the total population of the country,” — said Topilin.

As explained “MK” leading analyst GK TeleTrade mark Goikhman, increase the minimum wage to the subsistence level — a necessary measure. “Wages should ensure at least a minimum opportunity for life. The lowest paid workers will get more,” — said the expert.

Moreover, this measure will not require a lot of funds from the budget. The fact that now the leading place in the economy occupied by the government employees and employees of state-owned enterprises. Improve their minimum wage will be implemented by the Treasury. “The costs here are not as significant, of the order of several hundred billion virtually any because such small salaries are already rare,” — says the expert. But for business, on the contrary expenses will be more noticeable. “Quite often the minimum wage is issued only as part of the real. The increase in “white” the minimum wage may mean reducing the growth of actual wages or the refusal to accept additional staff. The load on the payroll increase. In addition, the increase in the minimum wage from 21.7% in 2018 may increase inflation,” continues in real.

In addition, raising the minimum wage will not affect the wallets of the Russians. It does not even compensate for the reduction in real incomes (income adjusted for inflation and minus taxes and other mandatory payments), which continues for the fourth year in a row. Only for 11 months of 2017 real income decreased by 1.4% and in 2013 – about 10%.

According to Global FX investment analyst Ivan Adams, “now the main task of leadership is not to raise the minimum wage, and to reduce the subsistence minimum to the category of the poor has disappeared from the social structure of our country.”

Therefore, the current increase in the minimum wage, according to the Deputy Director of the Institute of world economy and international relations Yevgeniy Gontmakher, “most likely a political event.” Thus the President is preparing for upcoming elections and this is one of his promises to the electorate.

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