Experts predict an increase in the minimum wage to the subsistence minimum by a third by 2030

From January 1, 2025, they plan to bring the minimum wage (minimum wage) closer to the median salary (reflects the level of the average salary in the country – it means that one half of the employees of organizations earn below this value, and the other half – above) and increase the ratio of indicators from 42 up to 48%. On Monday, July 3, the ministry published the corresponding draft on the regulation.gov.ru portal.

From 2021, after a change is made to the methodology for calculating the minimum wage, it is set at 42% of the median salary. Due to rising prices, it was decided not to use this method until the beginning of 2025, the Ministry of Labor explained. Until the end of 2020, the minimum wage was calculated on the basis of the subsistence minimum, which, in turn, was formed from the cost of the minimum food basket. The Living Wage (LW) is the minimum income required to meet basic needs. It is used to assess the needs of citizens when providing a monthly child benefit, a social contract and other social support measures.