The Pros And Cons Of Minimum Wage In Russia

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It is often alleged that minimum wage plays a significant role in everyday life. Many companies and individual entrepreneurs are inclined to prioritise this notion in their business and work. In order to provide the definition of it the following interpretation can be used: minimum wage is an amount of money that is the least amount of money per hour that workers must be paid according to the law. This amount of the minimum wage depends on a country and the varieties of it are enormous. In general, there are some advantages and disadvantages of denoting the national minimum wage for a particular country. In this essay the question under discussion is the situation with the minimum wage in the Russian Federation. First of all, there is a difference between the whole world and the Russian Federation because here the amount of money as minimum wage is paid per month. With regard to the last statistics data, it has shown the increase in the minimum wage in Russia. As the Russia Federal State Statistics Service has provided from 2000 to 2016 the amount of money paid for workers are now 6204 rubles per month. There was also comparison between some periods in which people from Russia had their lowers or highest minimum wage according to the world 's economic situation. The lowest was a little bit terrible in the July of 2000 and consisted of 132 rubles per month. The highest rate is actually reached now but there were some fluctuations from 5965 rubles in January 2015 to the

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