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In this paper the negative social and economic consequences of raising the minimum wage for the regional economy on the example of Krasnoyarsk Region are discussed. It is shown that in Krasnoyarsk Region regional coefficients and northern wage surcharges have been established, and according to the Constitutional Court Decree No. 38-P of 07.12.2017 employers are obliged to charge them in excess of the minimum wage. As a result, the social guaranteed minimum wages in the region is even higher factually than the subs...

The problem of poverty has always been considered as one of the most topical problems in Russia. The poverty threshold is legally fixed at the subsistence level, which, unlike similar indicators in other countries, does not meet the requirements of human needs satisfaction at the appropriate level. Since 2012 the population with income below the subsistence level has been steadily growing while income spread has been constantly increasing. It is due to peculiar features of the Russian social policy model that this...