Social Capabilities for the Reproduction of Labor Power by Industry in the Russian Federation

Modern development conditions require a different approach to the reproduction of labor power and make it crucial to determine trends that turn into patterns.

Aim. This study aims to determine social capabilities for the reproduction of labor power by industry in the Russian Federation. Tasks. This study provides a socioeconomic evaluation of average monthly salary in relation to the indexation of economic indicators for the 2013–2015 period in order to determine the correlation between average monthly salary and cost of reproducing labor power. In addition, the study analyzes the ratio of the average monthly salary by industry and the reasonable cost of the reproduction of labor power (according to M. V. Popov).

Methods. This study uses general methods of scientific cognition to examine the reproduction of labor power in various aspects as a process of continuous creation, recovery, and further development of physical, spiritual, artistic, and intellectual labor capabilities. Further, it determines the main areas that could increase the social significance of the reproduction of labor power.

Results. The process of the reproduction of labor power is tied to monetary value. The cost of satisfying physical and social needs serves as a basis for the determination of the cost of the reproduction of labor power, with salary in the labor market being a recovery factor. The results of the analysis show the unfair nature of salary indexation, given that it leads to poverty and inability to satisfy social and spiritual needs or ensure normal life and reproduction of labor power.

Conclusion. The obtained data allow us to conclude that the examined industries of the Russian Federation cannot fully satisfy the demand for the reproduction of labor power. A wide gap between the reasonable cost of the reproduction of labor power and the level of salary as a cost of labor makes for low social capabilities for the reproduction of labor power.

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