Part 7/9:
Another significant point raised by Bernard is the notion of a labor shortage in Russia, which, according to him, actually signals an inability to pay competitive wages rather than a lack of available workers. The disconnect between wages offered and the actual labor market demand highlights the economic distress the country is undergoing—essentially a sign of financial collapse.
As he presents this complex view of the Russian economy, he draws a parallel to individual financial management, illustrating how a household cannot run at a deficit indefinitely without debt or additional income.