WILL WE BE FACING A THREAT OF WAGES POLARIZATION?
Oleg Fomichev, Director for Strategic Planning and Development, ComplexProm
Vladimir Gimpelson, Center Director of Labor Studies, National Research University Higher School of Economics
Polina Krychkova, Deputy Minister of Economic Development of the Russian Federation
Tatiana Maleva, Director of Social Analysis and Forecasting Institute, RANEPA
During the last decade, both all over the world and in Russia, wages differentiation has tended to decrease. Such decrease, against the background of the growing share of highly educated and highly skilled employees, was “contributed” to by decreasing return on higher education. However, the decline in GDP in most countries due to the epidemiological crisis of 2020, changes in the labor market structure, penetration of high technologies, robotization and digitalization of economies, and development of the new forms of employment have had direct impact on the level and dynamics of wages, which also were uneven across various industries and occupations. Who will win and who will lose in wages against the backdrop of simultaneous action of all the above factors? Can a new round of wage polarization be prevented?
Issues for discussion:
• Level and dynamics of wages in Russia and in the world
• Is employment subsidizing an effective instrument to support employment and wages?
• Will the spread of telecommuting and technological shifts lead to shrinking working hours and less wages?
• Who loses and who wins from telecommuting – low –, medium – or high – paid employees?
• Will polarization of wages occur?
• Does the uneven wages dynamics threaten to increase social tension?