Laeserin on Nostr: The Russian economy is slowly dissolving under high consumer price inflation caused ...
The Russian economy is slowly dissolving under high consumer price inflation caused by the lack of skilled labor.
1,5 million young, healthy men are now locked into the battle in Ukraine. Hundreds of thousands of others have already died or become disabled, and have therefore left the workplace.
Large swathes of the Russian economy have become taken over by the war effort and defense industry, which is starving private business of workers. They are forced to pay high salaries to skilled workers, to compete with government subsidized war industries, but they can often not turn a profit with such high labor costs, and subsequently go under.
The war resulted in the largest emigration wave of the last 30 years, overwhelmingly of the highly-skilled and business owners.
War costs. Pray for peace. 🕊️
Source:
https://www.welt.de/wirtschaft/plus254902600/Russland-verliert-seine-Bevoelkerung-Wir-sind-im-Sterben-begriffen.html
#economics #Russia #war
1,5 million young, healthy men are now locked into the battle in Ukraine. Hundreds of thousands of others have already died or become disabled, and have therefore left the workplace.
Large swathes of the Russian economy have become taken over by the war effort and defense industry, which is starving private business of workers. They are forced to pay high salaries to skilled workers, to compete with government subsidized war industries, but they can often not turn a profit with such high labor costs, and subsequently go under.
The war resulted in the largest emigration wave of the last 30 years, overwhelmingly of the highly-skilled and business owners.
War costs. Pray for peace. 🕊️
Source:
https://www.welt.de/wirtschaft/plus254902600/Russland-verliert-seine-Bevoelkerung-Wir-sind-im-Sterben-begriffen.html
#economics #Russia #war