We are talking about 7 million people. Although the estimate of the Ministry of Labor is lower. The ministry previously said the increase would affect 4.8 million workers.
Promotions are expected mainly for doctors and teachers. “Most low-paid employees work in concentrated budget sectors, such as education, medicine and social services,” Seleznev explained.
The State Duma will consider in first reading today, October 25, a bill to increase the minimum wage from 2024 by 18.5% to 19,242 rubles per month. Now it is 16,242 rubles. The increase will be exactly 3,000 rubles.
“If we talk about the growth of wages in relation to the increase in the minimum wage, it will be difficult to isolate it from the general increase associated with the growth of real wages in relation to economic development. According to our estimates, the growth of real wages in 2023 It could range between 3 and 5% in real terms, minus inflation,” Seleznev explained.
