Over 1 million young Russians left workforce as Putin focused on Ukraine conflict: report
Fox News
Russia may have lost as many as 1.3 million young workers since the start of Vladimir Putin’s invasion of Ukraine, according to a new report.
The Finexpertiza consulting firm released its findings after analyzing official statistics, reporting that working citizens under the age of 35 in Russia fell by 1.33 million people between December 2021 and December 2022, marking the lowest share since the start of data collection in 2006.
Young workers make up only 21.5 million out of the total 72.1 million workforce — a startling figure when Russia has also reported a record low unemployment rate.
The Moscow Times suggested that the lower participation could have resulted either from more young workers taking “grey economy” — or under-the-table — jobs or from last year’s mass exodus following the announcement of a “partial mobilization” to Ukraine.
The “partial mobilization” looked to compel citizens to join the fight in Ukraine after major losses forced Putin to try and rebuild his forces in short order, but men started to leave the country in huge numbers in order to avoid the draft.
Only 2020, the start of the coronavirus pandemic and lockdown measures, saw a bigger drop in the job market with 1.34 million young Russians dropping out.
EGYPT PLANNED TO COVERTLY SEND 40,000 ROCKETS TO RUSSIA: REPORT
The biggest decrease in the current cut came from the age group 25-29, which dropped by around 724,000 people. The next oldest group, 30-34, dropped by over half a million and comprised the biggest portion of the young worker bloc with 10.7 million.
“This development exposes Putin’s lack of strategic planning and forward-looking approach to Russia’s economic development,” Rebekah Koffler, president of Doctrine & Strategy Consulting and a former Defense Intelligence Agency officer, told Fox News Digital.
“The sizable loss of young workers will almost certainly have a profound negative impact on the Russian economy, in the long term,” she added. “This development will likely jeopardize Putin’s ambitious agenda for Russia in the field of advanced technologies, including artificial intelligence and machine learning.”
“If you don’t have sufficient numbers of young people in the workforce, you cannot drive innovation or even make notable progress.”
The drop in young workers was offset by an increase in older workers, with workers aged 60-69 bumping up by over 336,000 people. Another 202,000 people from the age group 50-54 also helped offset the losses.