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same time, there is the same significant difference not only for experienced top-ranked specialists, but also for newcomers to the industry. For example, the average wage in software companies with experience of up to 1 year is $591, which is almost 5 times higher than the minimum wage established by the state, even after its double increase in 2017. THE MINIMUM WAGE IN UKRAINE AND IN THE SOFTWARE DEVELOPMENT MARKET WITH EXPERIENCE OF LESS THAN 1 YEAR, USD1 610

х 10.4

х 9.2

59

61

2015

MW in Ukraine

591

560

х 4.8

123

2016

2017

MW in the software market with experience of less than 1 year

1.76

1.67

1.65

1.59

1.74

1.65

1.52

1.60

1.76

1.48

1.68

1.71

THE AVERAGE WAGE IN UKRAINE IN GENERAL AND IN THE SOFTWARE DEVELOPMENT MARKET, THS. USD2

0.22

0.25

0,28

х 5.9

2015

2016

Ukraine

Outsourcing

Average IT

Product

2017

Startups

REPRESENTATIVES OF BUSINESS IN RELATED SECTORS. The software development market generates a number of externalities that have a positive effect on the economy as a whole. For example, according to the report from the BSA Association and the Economist Intelligence Unit3, in the United States, 2.5 million jobs in the software development market have additionally created 7.3 million jobs in other areas, that is 1 IT employee creates 2.9 additional jobs. 1 The Law on the State Budget of Ukraine, NBU (https://bank.gov.ua/control/uk/publish/category?cat_id=7693080), dou.ua (https://dou. ua/ lenta/articles/salary-report-june-july-2017/) 2 The Law on the State Budget of Ukraine, NBU (https://bank.gov.ua/control/uk/publish/category?cat_id=7693080), dou.ua (https://dou. ua/ lenta/articles/salary-report-june-july-2017/) 3 The $1 Trillion Economic Impact Of Software (http://softwareimpact.bsa.org/pdf/Economic_Impact_of_Software_Report.pdf)

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Green Book "Software Development Market Regulation"  
Green Book "Software Development Market Regulation"  
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