Analyst Belyaev estimated the prospects for increasing the minimum wage to 30 thousand rubles
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Business will be against it
On August 11, State Duma deputies proposed to increase the minimum wage (minimum wage) to 30,000 rubles from January 1, 2023. Financial analyst Mikhail Belyaev doubts that this will happen, especially since the business will “protest” against such a decision.
In conversation with “Evening Moscow” Belyaev noted that there is very little time left until January 2023, and, as practice shows, such decisions are made extremely rarely in such a short time. Moreover, the expert is convinced that they will provoke “tremendous resistance” in certain circles.
The analyst does not rule out that the money to raise the minimum wage to 30,000 rubles could be taken from somewhere, especially if this only affected those who work in the public sector. In this case, according to Belyaev, additional funds would have been allocated from the Russian budget and the National Welfare Fund.
However, as the expert noted, the decision of the authorities may cause resistance on the part of business, since entrepreneurs will lose the opportunity to pay people less than 30 thousand for the work they perform. According to the forecast of the specialist, business representatives will argue that they will not withstand this. At the same time, Belyaev believes that businesses will have to give up part of their usual profits, and this is a good way to force people to pay “normal wages,” especially since there are simply no others.
According to the analyst, in Russia it is necessary to work on improving the living standards of workers. Belyaev stressed that business bears more responsibility for this than the state. Nevertheless, the expert considers it important to take into account that the Federal Antimonopoly Service should closely monitor that wage growth is not automatically passed on to business.
In addition, the specialist suggested that there is a risk that if such a decision is made, the business will find workarounds, for example, it will start hiring people under contracts, for part-time work, or will pay funds “in envelopes”. Belyaev concluded that this would cause a “gray turnover” and illegal cashing out of money.
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