“Izvestia”: The Central Bank told how rising wages and shortages of personnel negatively affect the economy
According to the Central Bank, wages are growing faster than labor productivity. The Bank of Russia is concerned about the shortage of personnel in the fields of education, science, technology, healthcare, IT, as well as highly qualified workers. As Izvestia was told by the press service of the Central Bank, this has a negative impact on economic growth and inflation. The Bank of Russia claims that wages are growing at a faster rate than labor productivity.