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Volkia: Difference between revisions
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The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values. The federal minimum wage was raised to Ӄ30.00 an hour ($15.00 SHD) in early 2020, and many Volkia's provinces have minimum wages that exceed the federal standard. Volkia has a progressive federal income tax rate with relatively complex tax laws, with much of the tax burden falling on corporations and the highest individual earners. Most provinces levy income tax as well, but are typically significantly less than the federal tax rate. Some provinces, such as Kologorsk Oblast, Orlik Oblast, and Yekartovsk Oblast, have no provincial income tax.
Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation. The service sector contributes approximately 68% of the total GDP, industry 30.5%, tourism 1.8%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}), and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates
The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas sector ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VSB]]), and the largest telecommunications provider ([[Volktel]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,600 Volkian owned vessels.
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A wide variety of crops are grown in Volkia, including {{wp|wheat}}, {{wp|rye}}, {{wp|barley}}, {{wp|oats}}, {{wp|potatoes}}, {{wp|sugar beets}}, {{wp|turnips}}, {{wp|peas}}, {{wp|hay}}, and {{wp|silage}}. Volkian wheat, rye, and to a lesser extent potatoes are used in the production of Volkian vodkas.
Agriculture in Volkia's north is mostly restricted to animal husbandry due to the colder climate that makes it difficult to grow crops. {{wp|Cattle}} and {{wp|chickens}} are the main species preferred by Volkians, though other animals raised
===Energy===
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