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China to narrow income gap with wage hike   [Copy link] 中文

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Post time 2012-2-9 15:02:43 |Display all floors

China will raise its minimum wage at least 13 percent annually from 2011 to 2015, according to a plan issued by the State Council, or the Cabinet, on February 8, 2012.

A migrant worker in east China receives his wage. [File photo]


The national employment promotion plan stipulates that by 2015, the minimum wage should be lifted to at least 40 percent of the average Chinese citizen's salary.

According to statistics, China raised its minimum wage by an average of 12.5 percent every year during the 2006-2010 period.

The proportion of the minimum wage to the average salary varies in different places, ranging from about 20 percent to 30 percent. In Beijing, the minimum wage is 1,260 yuan ($200) a month, and in downtown Chongqing municipality, 870 yuan.

According to the five-year wage plan, the country will continue and further reform its income distribution mechanism and encourage enterprises to set up scheduled salary increases by promoting collective negotiation on wages.

The government plans to extend collective bargaining to cover 80 percent of corporate work units in the country by 2015. The figure was 50 percent at the end of 2010, according to Xinhua News Agency.

The employment promotion blueprint also promises to make adjustments to income distribution in some industries to close the income gap.

The plan also aims to create 45 million jobs and keep the registered urban unemployment rate within 5 percent.

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Post time 2012-2-11 18:23:15 |Display all floors
this is a good idea but there is a risk of prices risiing to exploite the extra wealth avalble to the low paid ,  landlords see more money to be had and  so raise rents and shop prices go up too then others whant higer pay to be (above the lower class) and you get inflation as companys ask for higer prices only if the cpc can hold down prices and rents ectc will the poor be better off or inflation will crpple china as it did in this county  

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Post time 2012-2-11 20:38:09 |Display all floors
  1. China to narrow income gap with wage hike
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Good news.

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Post time 2012-2-11 20:47:43 |Display all floors
have a bone.

that will keep the slaves happy. (almost)
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2012-2-11 20:50:37 |Display all floors
Revolutionar Post time: 2012-2-11 20:47
have a bone.

that will keep the slaves happy. (almost)

Slaves?

I am sure you can see more smiling faces in China than anywhere else in the world nowadays.

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Post time 2012-2-11 20:54:17 |Display all floors
This post was edited by NE_Tigress at 2012-2-11 20:55
NE_Tigress Post time: 2012-2-11 20:50
Slaves?

I am sure you can see more smiling faces in China than anywhere else in the world nowada ...


If you call those who work hard for a better futrure and better life for their wife and children slaves, well, be it.  I believe many people are happy to be "slaves" for their loved ones.   

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Post time 2012-2-11 21:00:36 |Display all floors
net tigress,


"In Beijing, the minimum wage is 1,260 yuan ($200) a month,"



that sounds like what slaves in America earns in a day.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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