Why Russia's Mobilization Could Be Catastrophic for Its Workers

If Russia mobilizes next month, what will happen with its remaining workforce? The answer determines whether Russia has a silver lining to what will be an unpopular policy, or if it will inevitably lead to a double whammy. Today's video explores the first-order incentive of why it would seem that mobilization will lead to wage increases at home before explaining why the real answer is much more complicated.

0:00 The Kremlin's Alleged Mobilization
4:05 Baseline Expectation: Wages Will Rise
8:43 Demand Shock: Why Wages Could Drop
13:05 Complementary Job Losses