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Russians lost more than 1,3 trillion rubles of wages in envelopes

Russians lost more than 1,3 trillion rubles of wages in envelopes
Photo: pixabay.com

Due to the coronavirus pandemic in Russia, salary payments in envelopes in the shadow sector of the economy decreased by 10%. According to experts, this explains the statements of Russians about a decrease in income against the background of a statistical increase in wages.

As they write "News”, Scientists from the Plekhanov University of Economics assessed the impact of the pandemic on the shadow sector of the economy. According to Rosstat, the situation with wages in Russia is better than one would expect: from January to August 2020, the average nominal wage increased by 5,6% and amounted to almost 47,7 thousand rubles.

However, opinion polls show that more than a third of Russians have experienced a decrease in income during the period of restrictions. According to economists, official statistics reflect only the situation in the public sector, large industries, with the exception of passenger transport. And in the informal sector - trade, catering and the hotel business, which were most affected by the pandemic - they could indeed cut wages in envelopes.

As noted by Lyudmila Ivanova-Shvets, associate professor of the base department of the Chamber of Commerce and Industry of the Russian Federation "Human Capital Development", the lost shadow earnings were not returned in about half of small and medium-sized businesses. According to her estimates, the share of shadow business in Russia is about 12,7% of GDP, so the losses of citizens could amount to about 1,3 trillion rubles.

According to the international audit and consulting network FinExpertiza, during the quarantine decreased dwaste 4,6 million officially employed Russians. Some people were sent on unpaid leave, some were idle, some had their working hours reduced.

 

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