Tuesday, July 24, 2018

Further Wages

From the MT:
"Wages in Belarus Go Further Than in Russia, Study Shows"

Real wages in Belarus have surpassed wages in Russia, according to new research by Russia’s Higher School of Economics (HSE). The HSE presented data last Friday on real wages across the post-Soviet region known as the Commonwealth of Independent States (CIS) between 2011 and 2017. Real wages use purchasing power, rather than income, to judge how much money an individual earns.   “The results showed that in the CIS group, only Belarus reached the level of average wages comparable to Russia in purchasing power parity,” the school’s Institute for Social Policy said in a press release.  Last year, Belarusian real wages of $1,648,  adjusted for price differences, exceeded Russia’s average real wage of $1,640.  

^ This is surprising considering how isolated Belarus has been throughout the past 2 decades, but I guess with Russia facing international sanctions due to it's annexation of Crimea and the war in the Donbas the wages of ordinary Russians is not going up despite what Moscow says. ^


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