Kotyakov: the minimum wage will exceed the subsistence minimum by 30% by 2030
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The Minister of Labor and Social Protection of Russia Anton Kotyakov said that the minimum wage (minimum wage) will exceed the subsistence minimum by 30% by 2030.
“We plan to achieve a ratio of 1 to 1.3 by 2030. That is, the minimum wage will exceed the subsistence minimum by 30%,” Kotyakov said at a meeting with the Liberal Democratic Party (quoted from TASS).
Until 2030, the government plans to increase the minimum wage at a faster rate than the living wage of an able-bodied person is growing. From January 1, 2023, the minimum wage is 16,242 rubles. after indexation by 6.3%.
In February 2023 President Vladimir Putin offered from January 1, 2024, additionally index the minimum wage by 10% so that the minimum wage increases by 18.5% and amounts to 19,242 rubles.
The cost of living for 2023 is 14,375 rubles. – relevant federal law was signed Putin December 5, 2022
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