Russia’s labor drought deepens as central bank chief flags 2.5 million missing workers
TL;DR
Russia faces an unprecedented labor shortage after FinExpertiza data show the labor reserve shrinking by about 2.5 million since the 2022 invasion, a figure Bank of Russia chair Elvira Nabiullina publicly confirmed. The shrinking pool is driving wage pressures while industry cuts and lower production persist, as emigration and demographic decline deepen the squeeze. In response, the state is leaning on automation, retraining, and the gig/self‑employment push, but analysts warn that without sustained productivity growth of around 3–4% annually the gap will widen.
- “Russia has never seen this”: Russia’s central bank chief admits a 2.5 million worker deficit Euromaidan Press
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- True State of Russian Economy Revealed by Collapsing Railway Cargo Data UNITED24 Media
- Russian Sanctions and the Rise of a Eurasian Backdoor War Economy TheWire.in
- Russian companies began to use hidden dismissals ИА Ореанда-Новости
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