A quarter of Russians admitted lack of money for food and clothing

More than a quarter of Russians (about 27%) admitted that because of the crisis associated with the coronavirus pandemic, they lack money for food and clothing because of the crisis. This was told to reporters by the supervisor of the Department of Labor Economics and Personnel of the Economics Department of Moscow State University, Riorita Kolosova.

“During the pandemic period, the financial condition of citizens really worsened, especially for those who worked in areas affected by restrictive measures,” writes the Izvestia newspaper with reference to the interlocutor.

After lifting the restrictions, she said, everything will depend on how company leaders will adapt their business to the “new configuration of the economy and the labor market.”

Kolosova is sure that during the period of self-isolation, digital technologies showed people what costs, including in terms of employees, businessmen can save. Therefore, in the near future, the Russian market is waiting for “reorganization of labor and jobs.”

As for salaries, as the publication notes, in companies that suspended their activity, they were cut by 30-50%. This made it possible to retain personnel, however, they will rise “very slowly” to the pre-crisis level.

Earlier, the Boston Consulting Group (BCG) and the Romir holding company conducted a study and found that almost half of Russians (49%) plan to reduce their vacation and leisure expenses, 41% for concerts and spa treatments, 38% – for public transport.

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source: rambler

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