▲ | suraci 6 days ago | |||||||
Also, here's the sections about Russia, hope any locals can help to check this > (In Vladivostok) War typically leads to a rise in prices. Several Russian sources have reported that compared to two and a half years ago, current prices have roughly doubled, and housing prices have also increased significantly. However, it is somewhat comforting that the wages of most people have also increased proportionally, so people's lives have not been greatly affected so far. The supply of goods on the market is still quite abundant. Due to financial sanctions from the US and Europe, as well as multinational corporations, many brands' products and services are no longer available in the Russian market. Nevertheless, this does not prevent Russian citizens from drinking cola or eating American fast food. It is said that these brands have localized, but the products remain essentially unchanged: for example, the taste of Russian cola is not significantly different from Coca-Cola, as they can purchase the concentrate from third countries and mix it themselves. > The official unemployment rate published by Russia is only 2%, and I believe this data is likely accurate. The reasons are not only because the war itself requires the hiring of a large number of young people, but also due to the wealth redistribution, increased consumption, and robust production that the war has brought about. Russia is a country with severe wealth disparity, where the lower classes traditionally lack money for consumption. This war has provided an opportunity for lower-income families to obtain cash flow: by sending their sons or husbands to the battlefield, families can receive a one-time subsidy of nearly 500,000 yuan. Even prisoners in jail can receive this benefit. This sum of money, equivalent to targeted transfer payments and proactive fiscal policies aimed at the poor, has given lower- and middle-income families a chance to gamble their lives for money. This has led to cases where some people join the military to escape punishment and receive subsidies, serve for a year, return home, and then reoffend and go to jail again, relying on a second enlistment to escape punishment and receive another subsidy. > The increased cash flow among the lower-income population has led to a surge in consumer demand, and the robust production of military goods has also stimulated employment, income, and consumption. While the products of military industry are indeed consumed on the battlefield, for the macroeconomy, what matters is the flow rather than the stock; production and consumption are meaningful in themselves. As for whether the produced goods are expended as shells and missiles on the battlefield or become paper wealth on the other side of the ocean as export commodities, there is no fundamental difference for the current macroeconomic operation. There are rumors circulating on Chinese self-media about how much the ruble has depreciated on the black market in Russia. I specifically went to restaurants and other consumer venues in Vladivostok to test for any significant difference between the official and black market exchange rates by using US dollars and Chinese yuan for payment. However, neither Russian-run nor Chinese-run restaurants offered discounts for payment in US dollars or Chinese yuan cash. This phenomenon is usually sufficient to debunk rumors about the Russian ruble black market. The current social mood in Russia is relatively stable, which may be due not only to a decent economic foundation but also to strict control over public opinion. According to our research feedback, even in private settings, if colleagues or neighbors make remarks against Putin or the war, and are reported, those who oppose the war or Putin may face legal troubles. | ||||||||
▲ | actionfromafar 6 days ago | parent [-] | |||||||
Did the source also mention that the low unemployment is in no small part due to the would-be workforce going to the frontlines, and also a huge initial wave of emigration to other countries among those privileged enough to own a passport. | ||||||||
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