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The ratio of people's working income to GDP drops consecutively for 22 years [Copy link] 中文

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Post time 2010-5-12 11:56:43 |Display all floors
The ratio of Chinese people's working payment to GDP has met its consecutive drop for 22 years from 1983 to 2005.  The ratio in 1983 climbed to its peak as 56.5% but since then it starts its consecutive declining to 36.7% in 2005, according to a latest survey by the All-China Federation of Trade Unions (ACFTU).

Basing on the survey by the ACFTU, about 23.4 percent of workers/staffs have never enjoyed an increasment of their salary and contrasting to the drop of the ratio of working payment/ income, the proportion of  the social general income generating from the captital to GDP has increase by 20 percent from 1978 to 2005.

what a sign!

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Post time 2010-5-12 12:17:41 |Display all floors

Reply #1 tamson's post

Looks like TRADE UNIONs in China needs to get active.

Such activity should  gain momentum post 2012 to 2018, expecially post 2018 as China needs bigger population numberwho can afford to buy a new car, big bike, renovate the house, make a holiday trip.

In ROUND 2 of the great economic peaceful rise game, China would need to increase in VALUE ADDED industrial exports. China needs to find FOREX to import all the crude oil, iron ore, oleo, commodities that it needs! It would be likely that the ASSEMBLY INDUSTRY will still be needed, but with increasing portion in the ENGINEERING industry.

With Germany, Japan, Korea, Engineering is quite a crowded niche!

More likely, is the BIGGER FARM hectarage per family will give RURAL citizens higher incomes, from 1-2 hectares per family for highly productive Livestock, 4- 8 hectares for high productivity grains, cash crops, to up to 600 hectares for pastureland, plantation companies! (making it possible for rural families to earn a minimum US$5,000 - 10,000 annually!)


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[ Last edited by greendragon at 2010-5-12 12:20 PM ]

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Post time 2010-5-12 13:54:00 |Display all floors
Originally posted by greendragon at 2010-5-12 12:17
Looks like TRADE UNIONs in China needs to get active.

Such activity should  gain momentum post 2012 to 2018, expecially post 2018 as China needs bigger population numberwho can afford to buy a n ...



yes, the social wealth is more and more concentrating into the big capital-holders who invest in real estate, energy and others and they are the main speculators of house market and stock market.

The average need more income to buy their own house or cars

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Post time 2010-5-12 14:03:12 |Display all floors
Business doesn't like Trade Unions though.

In your case i dont suppose the party does either.

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Post time 2010-5-12 14:46:48 |Display all floors

Reply #4 St_George's post

By George, it's the timing!

Far Left, Left, Centre, Liberal, Right, Far Right!
Yes, the BELL OF HARMONY will make adjustments!

BONG! BONG! BONG!

Drives you crazy, those bells!

ha ha ha


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