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Raising of minimum wage will not make Ukrainians richer

From January 1, 2018, the minimum wage will increase by 16% to 3,723 UAH with the possibility of raising to 4,100 UAH during 2018. How can this affect the economy and, what is the most important, the incomes of the Ukrainians.

The increase in nominal wage does not mean the increase of financial solvency.