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REPRESENTATIVES OF THE FEDERATION COUNCIL SPEAKED ABOUT THE ELIMINATION OF THE CONSUMER BASKET

... simultaneously with the order to cancel the quarterly revision of the living wage. Both documents, according to a representative of the Federation Council, are aimed at fulfilling the norms of the federal law which is in effect from January 1, 2021. The Federal Law "On Amendments to Certain Legislative Acts of the Russian Federation", in particular, establishes a new methodology for calculating the minimum wage - previously it depended on the cost of the consumer basket. According to the new standards, the minimum wage is 42% of the median wage in the country - for 2021 its amount is 12,792 rubles. "The new method is more progressive, it excludes manipulations with the cost of the consumer basket ...

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