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In this paper the negative social and economic consequences of raising the minimum wage for the regional economy on the example of Krasnoyarsk Region are discussed. It is shown that in Krasnoyarsk Region regional coefficients and northern wage surcharges have been established, and according to the Constitutional Court Decree No. 38-P of 07.12.2017 employers are obliged to charge them in excess of the minimum wage. As a result, the social guaranteed minimum wages in the region is even higher factually than the subsistence level. This situation leads to a fairly rapid growth of the minimum wage, which is a socially significant phenomenon. It should be noted that despite this expansionary wage growth, this social security measure remains incommensurable compared to similar values abroad. At the same time, the burden on the business sector is excessive, which implies negative consequences for the entire economy and, above all, the growth of the informal sector in the labor market and shadow economy growth as well. Various foreign and domestic theories of the minimum wages regulation are discussed in this paper. This policy should include certain leverage to support small business. It is also necessary to study the impact of the minimum wages growth on the economy of the region and to evaluate its socio-economic consequences. It is suggested that regions should be given the right to establish the minimum wage. [ABSTRACT FROM AUTHOR]

Today in Russia an independent system of qualifications replacing tariff-qualification reference book is being introduced. In foreign countries such systems already exist and run successfully, but in Russia they have appeared relatively recently. Therefore the implementation of an independent system of qualifications involves certain difficulties. An independent system of qualifications consists of four elements: a professional standard, an independent assessment of qualifications, a professional-public accreditation and a directory of professions. Its main element is the professional standard. It defines the qualification requirements for the employee-from the necessary knowledge, skills, performance of labor functions, and up to educational background. The introduction of professional standards in Russia is often associated with a complete reload of production, which is technically very difficult. In addition, most of the existing employees of enterprises do not meet the requirements of professional standards on formal grounds and consequently they should be dismissed. However, it is extremely difficult to hire those who would meet them to a full extent formally. This contradiction implies another problem: on one hand for some enterprises professional standards are mandatory, and on the other hand they cannot be implemented technically. These and other problems hamper the development of an independent system of qualifications and affect today the formation of human capital in the country. Some approaches to solve these problems have been developed and they are discussed in this paper. [ABSTRACT FROM AUTHOR]