Doubled the number of Russians who have lost in wages due to the crisis

the Number of employed Russians, whose incomes have fallen as a result of lower wages or other benefits, has almost doubled in less than two months. This is evidenced by the results of a survey conducted in late may of “old” by the order of the Bank of Russia.

As indicated in the materials of the regulator, “one in five employees (19%) said about the reduction of wages and other payments, which is 10 percentage points more than at the beginning of the measurement (at the beginning of April — ed.)”.

“As in the previous measurement, employees of private companies talking about this issue more often (22%) than the state (17%). In the fourth survey 7 percentage points increase in the proportion of state employees transferred to work remotely (28%), while among private sector employees, the figure remained at the same level (19%)”, — sociologists.

the “5 percentage points (10%) decline in the proportion of private sector employees who were sent on leave at own expense; state-owned enterprises, the indicator does not change and is 3%”.

“In comparison with the previous poll was 3 percentage points increase in the share of respondents material status of the family which has seriously deteriorated (24%) overall since the start of the measurement the increase was 8 percentage points,” reads the study.

Among the reasons for deteriorating financial situation, the Russians continue nearly as frequently as in the previous two surveys, called the reduced incomes, their own or someone from family members (20%), loss of job or income by the Respondent or someone of the family members (16%), the growth of household expenditure (11%).

Recall that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effectI’m on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

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