Home » News » Vladimir Putin’s Vision for an Economy of High Wages: The Road Ahead for Russia’s Labor Market

Vladimir Putin’s Vision for an Economy of High Wages: The Road Ahead for Russia’s Labor Market

by Alexandra Hartman Editor-in-Chief

2023-09-21 17:14:00

Russian President Vladimir Putin has set the bar for the transition to an economy of high wages. He made such an initiative at an extended meeting of the Presidium of the State Council on the issue “On the development of the labor market in the Russian Federation.”

“I am setting the bar for the transition to an economy of high wages in the next decade,” said Vladimir Putin. His speech is broadcast on the Rossiya 24 TV channel. The Russian President also instructed to maintain the rate of wage growth and not slow it down.

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