Issues of the relationship between productivity and wages
Abstract
Increasing labor productivity in the Russian economy is a condition for achieving high rates of sustainable growth in the future. The study of the relationship between labor productivity and its remuneration remains relevant in the digital economy, but when choosing the optimal ratio of their growth rates, one has to take into account the development trends of the domestic labor market. Changes in the growth rates of these indicators determine the dynamics of the share of wages in the country's gross domestic product, aggregate demand, and employment. The article analyzes the statistics of labor productivity growth rates, real wages and average wages of the population, reveals an unstable correlation between the dynamics of labor productivity and its payment, and also reveals that the share of wages in income is high. In our country, achieving a balance between the introduction of technologies that replace or save labor and an increase in the scale of production will help increase the level of labor productivity, which is an important factor in the country's competitiveness. Increasing requirements for the qualifications of workers and structural changes in the labor market in connection with the development of the digital economy will lead to an equalization of the growth rates of productivity and wages.
About the Author
O. V. Kiselkina
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
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Review
For citations:
Kiselkina O.V. Issues of the relationship between productivity and wages. Kazan economic vestnik. 2022;(4):34-38. (In Russ.)
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