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    The Ministry of Labor of Russia presented a project to increase the minimum wage by 18.5% from January 1, 2024

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    Raise the minimum

    The Ministry of Labor and Social Protection has submitted for public discussion a draft law on increasing the minimum wage (minimum wage) to 19,242 rubles. per month or 18.5%. The indicator is planned to be increased from January 1, 2024. The press service of the department published information about this on its website.

    “From January 1, 2024, the minimum wage will be increased by 18.5% and will amount to 19,242 rubles,” the Ministry of Labor reported.

    To increase the level of the minimum wage, 75.9 billion rubles were allocated from the budget of all levels, and 47.4 billion rubles were also used. off-budget money. The Ministry of Labor recalled that the minimum wage is also the basis for calculating sick leave payments.

    In 2023, the minimum wage in Russia is 16,242 rubles in Russia. For 2022, the indicator was set at the level of 13,890 rubles, for 2021 – 12,792 rubles

    Regarding the average salary

    The ministry also proposed from January 1, 2025 to adjust the methodology for calculating the minimum wage – to increase the ratio of this indicator and the median salary by more than 14% – from 42% to 48%. In other words, they want to bring the minimum wage closer to the level of the median salary.

    Since 2021, the minimum wage has been set at 42% of the median salary for the previous year. The application of the methodology was suspended until January 1, 2025 due to the need to respond to rising prices. For 2022, the median salary, the level of which is calculated by Rosstat, was 40,368 rubles, in 2021 – 35,370 rubles, in 2020 – 32,422 rubles, in 2019 – 30,458 rubles

    “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 of at least 48%,” said Minister of Labor and Social Protection Anton Kotyakov.

    4.8 million out of 6 million

    The head of the department announced the preparation of amendments in the second half of June. Work began after the order of the President of Russia. Vladimir Putin announced the need to increase the minimum wage by 18.5% from the beginning of 2025 during his speech at the plenary session of the St. Petersburg International Economic Forum (SPIEF) in early June. At the same time, he announced a two-fold increase in the minimum wage by 2030, which will further stimulate wage increases. million employed in Russia receive wages below the minimum wage. As noted in the Ministry of Labor, presenting the initiative, an increase of 18.5% from 2024 will affect the growth of wages for 4.8 million Russians. Kotyakov previously drew attention, commenting on the instructions of the head of state, that, taking into account the increase from the new year, the minimum wage will increase by more than one and a half times – by 66.5% compared to 2022.

    In early June, Rosstat calculated that the poverty line in Russia was 14,026 rubles in the first quarter (January-March) of 2023. At that time, 19.6 million Russians, or 13.5% of the country’s inhabitants, received income below this amount.

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