35 In Russia unemployment was 5 percent in 1991 and 13 percent in 1998 (see https:// www .macrotrends .net/ countries/ RUS/ russia/ unemployment - rate). Real wages declined 40 to 60 percent between 1987 and 1996, catalyzing a major reduction of wage shares, which dropped from 41 percent of GDP in 1987– 88 to 26 percent in 1993– 94 (see Milanovic 1998, 29).

Clara E. Mattei, The Capital Order, loc. 1739