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Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 46)

Publication Date:

Authors : ; ;

Page : 107-114

Keywords : household income; real disposable income; average wage; minimum wage; inflation index;

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One of the important components of the economy of any state — income policy. The article analyzes the level of income of the population of Ukraine during 2010–2020. The labor market, employment are the most dynamic elements of a market economy. They not only intertwine the interests of workers and employers, but also reflect economic, political, demographic, social and other processes that significantly affect the demand and skills of workers, employment and unemployment, social protection and living standards. In addition to the nominal dynamics of income, the change in the real level of income was studied, during which it was found that the real available income level decreased significantly during 2014–2015. The impact of the coronary crisis on the well-being of the population is significant, as during the quarantine the incomes of Ukrainians significantly decreased, especially in the second quarter of 2020. In addition to the analysis of income, its components were studied. The lion's share is wages, but the share of social transfers is not much less than the share of wages. This ratio of components is a disproportion, in highly developed countries the situation is opposite. The article also considers the dynamics of the average and minimum levels of wages during 2010–2020, found that the average wage is much higher than the minimum, so there is a disparity in wages in Ukraine. Also, inequality in wages is observed on the following grounds: regional, sectoral and gender. A comparison of the average salary of Ukraine and a number of European countries was made. In Ukraine, labor is paid the lowest, which is one of the main reasons for labor migration. The article provides recommendations for improving the conditions of workers and employers in the labor market, which will lead to the development of Ukraine's economy as a whole.

Last modified: 2021-05-19 19:05:39