[Minimum Wage] China’s minimum wage in 2013

China’s minimum wage in 2013

Compared to 2012, the minimum wage in China increased about 15% in 2013.

Shanghai now has the highest minimum wage reaching about 300 USD per month.

The government targets doubling the average income of people before 2020.

Future in 2030:
In 2013 the average minimum wage is $200/month, about $2500 /year, with the increase rate of 12% per year, in 2030 the average minimum wage be reach above $10,000, at the level of Europe in 2000, but well relatively good enough.

Considering the possibility that exchange rate of Chinese Yuan against US Dollar might go from 1 USD=6 CNY in 2013 to 1 USD=4 CNY or even 1 USD=3 CNYin 2030, then the average minimum wage in 2030 might be about $20,000, reaching level of Europe in 2015.

Considering the fact that Chinese RMB purchasing power will still be bigger than the USD in America in 2030, the real minimum wage will be about $25,000 in PPP term in 2030, pretty much closing the gap between China’s minimum wage and that of Europe in 2030.

2010 Minimum Wage:

2013 Minimum Wage:

  4月以来,上海、山西等地先后上调最低工资标准。目前,全国已有上海、广东、天津、浙江、北京、山东、山西、河南、江西、广西、甘肃、陕西、贵州等13个省区市上调了最低工资。其中,上海市以1620元/月领跑全国,江西省上调幅度最高,达到41.4%。

Huge difference between poor and rich

中国买家买走3.25亿超豪华游艇



This entry was posted in China Economy. Bookmark the permalink.

2 Responses to [Minimum Wage] China’s minimum wage in 2013

  1. 200PK says:

    18省市今年上调最低工资标准 北京新疆时薪最高

    http://news.sina.com.cn/c/2013-07-01/000727538803.shtml

  2. HanTang says:

      近日,瑞士公投否决全球最高“最低工资”的消息引来广泛关注。相关提案中比美国高出两倍多的最低工资标准(每月4000瑞士法郎,约4485.2美元)让世界各国民众大开眼界。我国各省区市最低工资水平如何?

    各地区的最低工资标准,每两年至少调整一次。

      上海最高贵州最低

      相关资料显示,截至2014年,上海最低工资标准全国最高,达到1820元,而贵州省最低工资标准为1030元,为全国最低。值得注意的是,2014年2月1日起,深圳的最低工资标准调整为1808元,仅次于上海,位列全国第二。西部各省区市中,新疆的最低工资标准最高,达1520元。该最低工资标准更高于东部发达地区浙江和江苏等省。

Leave a Reply