Abstract
This work is devoted to a comparative analysis of how the Russian economy's labor productivity and labor compensation change over time. The author discusses the widespread notion that increases in labor costs are outstripping increases in productivity. He shows that this notion has little in common with the realities of the contemporary Russian economy. Furthermore, a stable relationship has not been observed. With respect to labor power, waves of relative price reductions alternate with waves of relative price increases. However, the trend toward reduced unit labor costs is dominant. Calculations show that Russian enterprises had a lower cost of labor power (in relative terms) in 2011–2012 than in the mid-1990s and early 2000s.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
