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Average annual wages in China 2008-2018
Average annual wages in China from 2008 to 2018 (in yuan)
by Shu Han,
last edited
Sep 23, 2019
China is the largest labor force market in the world. China’s economic prosperity wouldn’t exist without the large number of people working in this country. With increasing living standards and growing inflation, the wages of employees in China are increasing as well. As of 2018, average wages in China increased to 82,461 yuan from 29,229 yuan in 2008.
Wage gap between regions
The wages vary in China depending on sector, position, gender and region like in any other country. Since China’s different regions have developed unequally, the wage gaps between people working in different regions can also be very large. This is a reason for no single minimum wage being set for the entire nation. The local governments set minimum wages based on local living standards. Considering the city tier, the wage standards are higher in cities with higher rankings. Shanghai and Beijing have the highest minimum wage standards in China. Although the minimum wages in China have been increasing, the standards are still lower than in developed countries.
Challenges of increasing labor costs
Increasing wages also make the labor force market less attractive. Affected by increasing labor costs and the China-United States trade war, many companies are transferring their investment destinations, especially in the manufacturing sector. Local governments are also taking measures to ensure the living costs remain at a reasonable level to retain companies and employees. These measures include regulating the residential housing market more strictly.
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by Shu Han,
last edited
Sep 23, 2019
China is the largest labor force market in the world. China’s economic prosperity wouldn’t exist without the large number of people working in this country. With increasing living standards and growing inflation, the wages of employees in China are increasing as well. As of 2018, average wages in China increased to 82,461 yuan from 29,229 yuan in 2008.
Wage gap between regions
The wages vary in China depending on sector, position, gender and region like in any other country. Since China’s different regions have developed unequally, the wage gaps between people working in different regions can also be very large. This is a reason for no single minimum wage being set for the entire nation. The local governments set minimum wages based on local living standards. Considering the city tier, the wage standards are higher in cities with higher rankings. Shanghai and Beijing have the highest minimum wage standards in China. Although the minimum wages in China have been increasing, the standards are still lower than in developed countries.
Challenges of increasing labor costs
Increasing wages also make the labor force market less attractive. Affected by increasing labor costs and the China-United States trade war, many companies are transferring their investment destinations, especially in the manufacturing sector. Local governments are also taking measures to ensure the living costs remain at a reasonable level to retain companies and employees. These measures include regulating the residential housing market more strictly.
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- Show publisher information
- Release date
- May 2019
- Region
- China
- Survey time period
- 2008 to 2018
- Supplementary notes
- Note: 1 yuan equals approximately 0.13 euro and 0.14 U.S. dollars (as of August 2019).
Source
- Show sources information
- Show publisher information
- Release date
- May 2019
More information
- Region
- China
- Survey time period
- 2008 to 2018
- Supplementary notes
- Note: 1 yuan equals approximately 0.13 euro and 0.14 U.S. dollars (as of August 2019).
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Statistics on "Average wage and salary in the U.S."
- Overview on average wages
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- Real average hourly earnings for all employees in the United States from August 2018 to August 2019Monthly real average hourly earnings for all employees in the U.S. 2018/19
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- Share of wage and salary workers in the United States paid hourly rates at or below the prevailing federal minimum wage from 1979 to 2017Share of U.S. workers paid minimum wage or less 1979-2017
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Statistics
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Statistics on "Average wage and salary in the U.S."
- Mean annual wage in the U.S., by major occupational group 2018
- Total compensation per employee, by industry U.S. 2017
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- Weekly earnings of U.S. wage workers 2017, by gender
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- Monthly real average hourly earnings for all employees in the U.S. 2018/19
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- Highest paying occupations in the U.S. 2018
- Best and worst paying management jobs in the U.S. 2018
- Minimum wages in the United States, by state 2019
- Share of U.S. workers paid minimum wage or less 1979-2017
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- CEO-to-worker compensation ratio of top firms in the U.S. 1965-2018
- Average yearly wages in manufacturing sector in China 2008-2017
- Minimum wage annual growth in China 2012-2017
- Average yearly wage growth in China 2007-2016
- Number of unpaid laborers in Taiwan 2008-2017
- Quarterly labor costs index points of China Q1 2016-Q1 2019
- Global construction sector hourly labor costs by select country 2019
- Wages paid in the food and beverage sector Australia FY 2016, by product class
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- Volume of unpaid wages of wholesale and retail trade in Taiwan 2010-2017
- Volume of unpaid wages in Taiwan 2008-2017
- Uruguay: salary payments by bank deposit, giro or transfer 2014-2016
- Number of companies with overdue wages payment in Taiwan 2008-2017
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