Putin signed a law to increase the minimum wage in 2022

Russian President Vladimir Putin signed a law to increase the minimum wage (minimum wage) to 13,890 rubles next year.

Putin signed a law to increase the minimum wage in 2022

The document was published on the official Internet portal of legal information. The law comes into force on January 1, 2022.

In the original version, the bill assumed that the minimum wage would be 13.6 thousand rubles a month, but by the second reading the head of the country proposed an amendment that would increase the minimum wage to 13.8 thousand rubles.

The increase in the minimum wage, according to Prime Minister Mikhail Mishustin, will lead to an increase in the salaries of almost 3 million Russians.

In August 2021, LDPR deputies proposed increasing the minimum wage to 20 thousand rubles from the beginning of 2022. As noted in the party, a low minimum wage “takes the able-bodied population into the shadow market, reduces aggregate demand,” which leads to restraint of GDP.

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Cover photo: Press Service of the President of Russia

Source: RB.RU by rb.ru.

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