PURCHASING POWER OF WAGE AS THE BASIS OF THE FINANCIAL STABILITY OF THE STATE

Author:

Kravchuk Alla, Odessa State Agrarian University (6 Matrosova lane, Odessa, Ukraine).

Language: ukrainian

Annotation:

The article deals with the study of the trends of wages in Ukraine in 2000–2017, discloses the relationship of the growth rate of wages with the growth of purchasing power of the population as the basis of financial stability of the state. We consider the relation between wages and living wage of the able-bodied population, the level of the Keith index in Ukraine, the growth rates of nominal and real wages. We conducted an analysis of the consumer price index in Ukraine, and its impact on the purchasing power of the population was determined. We have proved that the rate of growth of the inflation index far exceeds the growth rate of wages. Therefore, its quantitative growth does not correspond to the qualitative direction, which leads to dissatisfaction with the needs of human potential and the reduction of financial stability of the state. The priority directions of increasing the real purchasing power of the population are determined.

Key words:

wages; living wage; minimum wage; purchasing power; consumer price index

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