Post
Topic
Board Economics
Re: Covid-19, Lockdown and repercussions
by
Sithara007
on 15/02/2021, 03:16:40 UTC
The average salary in Russia is about $ 650 according to Rosstat, but this is all a hoax.
Most people work for $ 200-300 a month.
In rural areas, a $ 100 salary is the norm.
There is huge corruption in Russia, budgets are being stolen.
The situation has changed a long time ago.

Obviously without corruption, the people would be much well off. That means that only around 10% of the revenue from natural resources is reaching the residents, while 80% to 90% is stolen. From what  I have heard, Russia is still having a decent education sector and that is the good thing. Young people at least have a chance to get skills that are in demand in the job market and migrate to the US or the EU. BTW, I hope that the medical sector will receive a big boost, after the grand success of Sputnik V.