The Ministry of Labor has prepared a bill to increase the minimum wage by 18.5% from 2024 – Kommersant
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Ministry of Labor presented bill on an increase by 18.5% of the minimum wage (minimum wage) to 19,242 rubles. per month from January 1, 2024. The ministry also proposed to increase the ratio of the minimum wage and the median salary by more than 14% from January 1, 2025.
“From 2025, we must return to the methodology of setting the minimum wage in relation to the median wage. In order to maintain the outstripping growth rates of the minimum wage, it is proposed to change the ratio at which the minimum wage was set from 2025 and set it at a level not lower than 48%,” said Minister of Labor and Social Protection Anton Kotyakov (quoted from site Ministry of Labor).
median salary – this is a salary, more and less than half of working citizens receive. It is calculated by Rosstat.
Since 2021, the minimum wage has been set at 42% of the median wage. Taking into account the need to quickly respond to price increases, the methodology was suspended until January 1, 2025.
The ministry noted that to increase the minimum wage, 75.9 billion rubles will be allocated from the budgets of all levels, and 47.4 billion rubles from the extrabudgetary sector. According to the Ministry of Labor, the increase in the minimum wage will ensure wage growth for 4.8 million workers.
Since 2018, the minimum wage cannot be lower than the subsistence level. The highest level of the minimum wage in the capital – Muscovites receive 24,801 rubles. From June 1, 2022, the minimum wage was increased to 15,279 rubles, from January 1, 2023 – to 16,242 rubles. Raise the minimum wage to 19,242 rubles. per month offered President Vladimir Putin during the announcement of the message to the Federal Assembly.
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