Ukraine responded to the accusations of the IMF on labour productivity


The level of labor productivity in Ukraine in the dollar equivalent equal to the level in Europe. Photo: New Times

The Ukrainians are not worse than the Europeans. In some industries even more productive.

“The statement of the IMF on low labor productivity in Ukraine and binding the minimum wage is absolutely a non-issue. Every industry has demonstrated its performance. If the food industry is one kind of productivity, if a light or two. The level of labor productivity in Ukraine in the dollar equivalent equal to the level in Europe. In some industries even higher,” – said the member of the Verkhovna Rada Committee on taxation and customs policy Mykola Lavryk writes Columnist.

He noted that Ukrainians wages must increase proportionately.

“We need to ask the IMF why they believe that we have the wage growth to exceed productivity,” commented Lavrik.

IMF resident representative in Ukraine Jost Longman proposes to increase the salaries of Ukrainian only in accordance with productivity growth. Otherwise, high growth payments will have a negative impact on the economy. He noted that the government is obliged to control the increase in wages.

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