The minimum wage will exceed the subsistence minimum by a third by 2030 – Kommersant
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The minimum wage (SMIC) will exceed the subsistence level of an able-bodied person by 30% by 2030. This was announced at a meeting with the LDPR faction by Minister of Labor and Social Protection Anton Kotyakov. From January 1, the cost of living is 14,375 rubles, minimum wage — 16,242 rubles.
“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%,” said Mr. Kotyakov (quoted from “Interfax”). In 2024, the minimum wage will exceed the subsistence minimum by 17% and will amount to 19,242 rubles.
The minimum wage cannot be less living wage since 2018. From June 1, 2022, the minimum wage was increased to 15,279 rubles.
Read about the minimum wage in the publication “Kommersant” “Universe SMIC”.
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