Russia faces labor shortages due to the war in Ukraine - ISW
Kyiv • UNN
russia is facing a labor shortage that could reach four million by 2030 due to the effects of Russia's aggression in Ukraine, putting pressure on wages and deterring foreign investment, according to the Institute of World Economy. The attractiveness of Russian companies to investors is threatened by these labor issues.
In the Russian Federation there is an increase in the shortage of labor in domestic production, which, according to local studies, due to the costs of the war against Ukraine, will increase to four million workers by by 2030; the corresponding supply shortage supply shortages will put pressure on workers' wages, making Russian companies even less attractive to foreign investment. This was reported by the Institute for for the Study of War (ISW), reports UNN.
Details
According to the latest information, the consulting company "Yakov and Partners" has recorded an increase in the labor shortage in Russian production - from two to four million workers by 2030, with 90% of them likely to be semi-skilled, are likely to be semi-skilled workers in critical industries. industries. The trend is having an impact on workers' wages, which will outpace GDP growth and make Russian companies, as indicated, even less attractive to foreign investment, even less attractive to foreign investment. Economic experts representing the Russian Federation economic experts representing the Russian Federation have stated that the problem of labor shortages and the can be solved only by improving the interaction between local businesses and the state. and the state, in particular through special programs for the repatriation of Russians who who left the country because of the war and attracting "highly skilled" migrants from other countries.
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ISW reminds that Russia continues to face a shortage of both skilled and and unskilled labor. This problem is exacerbated by the Kremlin's inflammatory Kremlin's incendiary messages against Russians who fled Russia because of the war and against labor migrants within Russia.
At the same time, the Russian economy is likely to continue to struggle with the Kremlin's competing desires to to strengthen the country's power production and industrial potential, while simultaneously disenfranchising key groups of workers
This "is likely to lead to further concerns about Russian economic production and potential social discontent associated with it," summarizes the Institute for of War Studies.
