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According to the latest data analysis from the Financial Times, the growth of new employee salaries in Russia has significantly slowed down, which is particularly intriguing against the backdrop of a historically low unemployment rate. Generally speaking, a declining unemployment rate tends to boost the upward momentum of salaries, but this expectation has now been broken. What signal does this send? The momentum of economic growth may be in decline. When the pace of hiring slows and the willingness to raise salaries decreases, it often indicates that the previous boom cycle is turning around.
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