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Elvira Nabiullina, the Governor of the Russian Central Bank, recently warned that Russia is dangerously short of labour and this was also confirmed in a recent Research Paper produced by the Institute of Economics at the Russian Academy of Science. The RUSSIAN Economy has started to COLLAPSE as the impact of the Sanctions hit home. Russia desperately needs to increase its GDP but in order to do this Russian Businesses need to EXPAND. In this video I provide more details of the recent findings, review the latest employment statistics and demographics and discuss the problems that Russia is now facing.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
3:38 RUSSIAN WORKFORCE
4:46 RESEARCH PAPER
7:47 UNEMPLOYMENT RATE
9:24 POPULATION
10:56 RETIREMENT AGE
13:17 WAGE GROWTH
14:25 INFLATION
16:13 RUBLE
18:26 SUMMARY & CONCLUSION
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#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3…(read more)
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The Russian ruble collapse has caused significant damage to the country’s workforce, with reports suggesting a shortage of nearly 5 million workers as migrants have opted to stay at home. The collapse of the ruble, in addition to the ongoing geopolitical tensions and economic sanctions, has led to a mass exodus of migrant workers who are facing economic instability and uncertainty.
The exodus of migrant workers has had a significant impact on various industries, including construction, agriculture, and manufacturing, as these sectors heavily rely on foreign labor. The shortage of workers has resulted in delays in construction projects, decreased agricultural output, and disruptions in the manufacturing sector. This has not only impacted the overall productivity of these industries but has also led to increased labor costs and a decline in the quality of output.
The migrant workforce has played a crucial role in supporting Russia’s economy, filling in labor gaps and contributing to the growth and development of various sectors. However, the ruble collapse and the resulting economic downturn have created a challenging environment for foreign workers, leading to their decision to stay in their home countries or seek opportunities in other more stable economies.
The shortage of workers has also had a ripple effect on the overall economy, with businesses struggling to find skilled labor and meet their production targets. This has led to job losses, reduced income opportunities, and a decline in the overall standard of living for many Russian citizens.
In response to the shortage of workers, the Russian government has been taking steps to attract and retain migrant workers, including offering financial incentives and streamlining visa processes. However, these efforts have been met with limited success, as the economic instability and uncertainty continue to deter foreign workers from choosing Russia as a destination for employment.
The Russian ruble collapse has not only damaged the workforce but has also highlighted the vulnerability of the country’s economy to external shocks and geopolitical tensions. It has underscored the need for the government to implement long-term solutions to stabilize the economy, attract foreign investment, and create a more conducive environment for businesses and workers.
In conclusion, the collapse of the Russian ruble has resulted in a significant shortage of workers, with nearly 5 million migrant workers choosing to stay at home due to economic instability and uncertainty. This has had a detrimental impact on various industries, leading to delays, decreased output, and increased labor costs. The government’s efforts to attract and retain migrant workers have been met with limited success, highlighting the need for more comprehensive and sustainable solutions to address the challenges facing the workforce and the overall economy.
Karma Vlady ?
What does this mean for the war then ? Surely thw way to resolve it is to sack the war off ??
How can the people work at home in the morning, and fight a war in the evening?
Putin is soooo out of touch with his own Country, he isn't even AWARE of Skilled and Unskilled have LEFT the Country. The REST are dead in a mud puddle in Ukraine.
WHO is even going to WANT to live in a Prison State, no matter the wages? Russia should turn to CHINA where there is TONS of UNEMPLOYMENT.
I've just noticed Joe's nude woman statue in the background.
they can always open their borders to migrants, looking for a job.
Looks like you are anti-Russian
The problem is, they could import people but no one uses their writing and language and no one wants to live in a cold dictatorship. That's the problem with running a dictatorship, nobody wants to move there.
Bring some Venezuelans.
The ruins of the rubble are picturesque. If they had any eggs or could afford to buy one the Russians would have picnics there.
Meat grinding machinery operators are many.
You didn't really highlight the fact that the majority of the people who fled at the start of the war were highly educated, high-tech, entrepreneurial types that add much value to any economy!
You should ask Konstantin Samoilov to talk about these facts
propaganda shit f..of
I doubt if Putin will ever get it that he will have done more to destroy Russia than any outside agency. Whilst I can’t doubt his cleverness in being able to get to the top and entrench himself in power, he is not intelligent enough to manage the country and its future, anyone can run a bank if they take over and its full of money, its far harder to keep it full and grow it rather than squander it.
No more than this creep and his enablers deserve
Russia only needs China! They will support Russia forever. China is sending workers as I type this! Troops will be next! China wants world war 3.?
Don’t you get sick of being wrong Blogs. A few months ago it was the collapse of the Ruble that you forecast was going to finish Russia, you were wrong about that as you have been about every other prediction you have made, which leads me to believe you are not an economist at all or a very poor one. I follow what the internationally respected IMF says, no friend of Russia by the way, yet last year they moved Russia’s economy up into fifth place above Britain in the list of the world’s best economies and forecast growth of 2.5%. Not bad for a country at war with massive sanctions on it. You at this time you were saying that the Russian economy was doomed, even though Russia had just cancelled 30 billion dollars of African debt. How people can be taken in by you is a measure of their stupidity
Putin needs getting rid of.
We should send our illegal immigrants to Russia then. Sorted!
Again!!!
Russian civils have to start a rebellion and get Putin out of the picture themselves if they want to be free
Ah yes, the old wage-inflation tale. As if paying people less was a feasible option.
The way putin acts like hes got it covered and knows what hes doing is beyond real life
despite joe's fake posts ruble continues to strengthen. $1 = 87.96 ruble
So they have inflation and full employment germany has a recession uk outlook is not pretty guess blowing up yhe pipeline didnt do anyone any favour. That said i need 3 years bad economy to cash out nicely
They can just let people keep worjing if they want.
So population 130 million ish… now has a shortage of labour.. if ok uk had that problem. If only there was some poor countrues they coukd hire people from near them… a problem over heating if only the west could have this problem
North Korean and / or Chinese labor ? Forced hard work ? farming and other non skilled workers ? foreign prisoners ? all possible ?
Even if Putin was deposed tomorrow, Russia’s reputation is dead for the next hundred years.
I’m sure the Chinese will be happy to take over those jobs (and everything else).
So based on wha you are saying, give lower interest loans to companies to invest in innovation and improve productivity. Keep higher interest rate for all others.
Why do you keep saying this all the Russian YouTubers I watch say that Russia don't care about sanctions at all . And they can last a very long time . Putin is very very rich so it doesn't bother him at all .
21 Evil people self-destruct;[am]
those who hate the godly are punished.[an]
22 The Lord rescues his servants;[ao]
all who take shelter in him escape punishment.[ap]
You just killed your work force.
They send all ones to battlefield in Ukraine
Thanks!
RUSSIAN PUTIN DON'T FULLY TRUST THE FUCKIN XI JINPING CHINESE BETTER YOU TRUST OUR NATION PHILIPPINES ❤❤❤