Posted 4/1/2024, 7:08:00 PM
Russia Mulls Migrant Crackdown Despite Labor Shortage, Risking Economic Growth
- Russia looking to crack down on migrants after Moscow attack, despite already having a shortage of available workers
- Russia has an estimated 3.5-5 million migrant workers currently in the country
- Crackdown could hurt economy further, making existing labor shortage even worse
- Losing just 300,000 more workers could cut GDP 0.2% over next year
- In long run, labor shortage will hamper Russia's economic growth due to invasion of Ukraine