This is the second increase in the minimum wage since the beginning of the year, the first was January 1, it affected 4 million working Russians.

After the May increase, the minimum wage for the first time in history equaled the size of the subsistence minimum. From now on, it will rise annually on an equal basis with the subsistence level. And if the subsistence minimum will decrease, the minimum wage will remain unchanged. Now the size of the minimum wage is 11. 163 rubles before deduction of 13% income tax. On the hands of workers will receive 9712 rubles.

The Minister of Labor and Social Development Maxim Topilin had previously stated that raising the minimum wage would be a major contribution to the fight against poverty, which remains one of the main and serious problems of the Russian economy.

Vice-rector of the Academy of Labor and Social Relations Alexander Safonov is sure that the linkage of the minimum wage to the subsistence level will give an additional increase in consumer demand to 100 billion rubles a year and an increase in revenues to the off-budget funds and budgets of municipalities.