Over a million Russians get a monthly wage of $148, most of them from the public sector, well below the $220 poverty line.
650,000 Russians out of 1.3 million living on the minimum wage work in the public sector, according to the country’s Public Health and Social Development Ministry. The minimum wage is the lowest monthly wage employers may legally pay workers. It will be increased next year by 13% to 170 dollars a month, less than the minimum cost of living. According to the Russian statistics agency Rosstat 12.5% of Russians live below the poverty line.
The minimum wage in Russia is much lower than in developed countries, the auditor FBK reports. According to its rating, Luxembourg, Netherlands and Belgium top the list with a minimum wage of over $1500 a month. Last in line is Kyrgyzstan where minimum wage is the equivalent of $24 a month…
Choosen excerpts by Job Market Monitor from