The main trends of wages change in connection with the labor force reproduction in the modern Russian economy

Abstract

Purpose: the article deals with the study of the main trends in wages changes in connection with the reproduction of the labor commodity form in the Russian economy of the post-Soviet period. Discussion: the authors propose empirical and theoretical models of the wage circular fund, in particular, commercial enterprises and the full circular of the labor commodity form. The article points out their union and contradictory nature, which is due to the fact that, firstly, uncertainty in the process of labor reproduction is growing. Secondly, they need additional measures to increase the nominal wage fund, which should be linked to the corresponding subsistence level and the growth of the average median wage. Results: the low wages level, which depends on fixed wage rates that must correspond to the cost of the labor force commodity, including historical, moral, and other institutional aspects, as a rule prevents the formation of prerequisites for the normalization of labor reproduction.