What Is The Minimum Wage In China Per Hour, A Look At What Happens After Minimum Wage Hikes In Michigan Mackinac Center

The minimum wage in china is set locallyranging from rmb1000 per month in guangxi to rmb2190 per month in shanghai.

Benefits of legalizing weed for medical purposes. According to the 2020 data the minimum hourly wage in china per hour is around 152. China is a country located in the eastern asia region with a population of 1277558000 and an average life span of 714 years. At the lowest end the minimum wage in certain rural areas of liaoning rmb 1120us162 hunan rmb 1130us163 and anhui rmb 1150us166 slightly higher.

Minimum wages in china remained unchanged at 2480 cnymonth in 2020 from 2480 cnymonth in 2019. Shanghai continues to have the highest minimum wage in china at rmb 2480 us358 per month followed by shenzhen and beijing both at rmb 2200 us318 per month. In like a month a worker can earn up to 16107.

Median salary the median salary is 19200 cny per month which means that half 50 of people working in factory and manufacturing are earning less than 19200 cny while. Chinas minimum wage was last changed in 12 nov 2016. 8590 won 75 usd or 86 ppp per hour is the nominal minimum wage in south korea although the real effective comparable minimum wage is higher at 10020 won 9 usd or 10 ppp per hour due to a mandatory weekly paid holiday for people that work more than 15 hours per week a law that is absent in other developed countries.

In 2020 the minimum hourly wage in beijing was the highest in china at 24 yuan per hour. Instead the task of setting minimum wages is delegated to the local governments. Minimum wages in china averaged 1628 cnymonth from 2006 until 2020 reaching an all time high of 2480 cnymonth in 2019 and a record low of 690 cnymonth in 2006.

The minimum wage in the united states is 725 per hour the 12th highest in the world. Although wage disparity is an issue in china this gap has gotten slightly smaller during the last decade. Factory and manufacturing salaries in china range from 7410 cny per month minimum average salary to 50100 cny per month maximum average salary actual maximum is higher.

However the states have the power to increase the federal minimum wage as 29 of them did. In the past decade china has been shifting from a cheap labor driven economy to more matured service. Furthermore many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage.

Liaoning has a minimum wage of 1120 rmb per month hunan has a minimum wage of 1130 rmb per month and anhui has a monthly minimum wage of 1150 rmb. Each province municipality or region sets its own minimum wage in accordance with its own local conditions. This page provides china minimum wages actual values historical data forecast chart statistics economic calendar and news.

As different parts of china have very different standards of living china does not set one minimum wage for the entire nation. This rate varies depending on the city and provinces and their corresponding development.