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UKRAINE: THE SITUATION 650 - DECEMBER 4, 2023
Russia is facing an economic impact from labor shortages, exacerbated by the war in Ukraine. Yakov and Partners predict a deficit of skilled workers in critical sectors by 2030, which will increase wages and reduce attractiveness to foreign investors. More details in the Russian Offensive Update 650 by UNDERSTANDING WAR.
Russia continues to face the economic impact of labor shortages, partly due to the war in Ukraine.
Russian state media reported on December 4 that the Russian consulting firm Yakov and Partners has observed a growing shortage of labor in domestic production, which could increase to a deficit of two to four million workers by 2030, with 90 percent of them being skilled workers in critical sectors. Yakov and Partners note that this labor shortage will exert upward pressure on workers' wages, surpassing GDP growth and further reducing the attractiveness of Russian companies for foreign investments.
The full Russian Offensive Update 650 is available directly from UNDERSTANDING WAR.
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