Raising the minimum wage has not only to bring Ukraine closer to European standards in wages,but also to begin a gradual recovery in purchasing power
insists the head of Vinnytsia regional state administration Valery Cow. According to him, the initiative of the Government to increase from 1 January 2017 the minimum wage to RS 3200 should be the first step in a large-scale pay reform. "Raising the minimum wage is fully consistent with economic realities. So, in January of 2014, the ratio of the minimum wage and the actual subsistence minimum was 88.5%. In December of this year, 48.7 per cent. The consumer price index within three years tripled, the minimum wage is only 30%," - said Valery Cow. According to him, according to experts, to restore the purchasing power of the citizens to the level of December 2013, the minimum wage should be 2442 of the hryvnia. "The decision to raise the minimum wage also takes into consideration the ratio of the minimum wage and its average size. In January 2014 the ratio of minimum and average wages amounted to 38.7 %, in may 2016, with 29.1 % (as recommended by the International labour organization such ratio shall not be less than 50 %, in the EU – 60%), " - said the Chairman of regional state administration. So all those myths about premature raising the minimum wage are unfounded and baseless. This was reported in the Vinnytsia regional state administrationÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
