As of April 21, in 2014, a total of nine provinces and cities nationwide adjusted the minimum wage, and the monthly minimum wage increased by an average of about 13%.
This is the preliminary statistics made by the reporters of the Economic Information Daily based on the information disclosed in various places. It is understood that the Ministry of Human and Social Affairs will announce more detailed information in this regard in the near future.
Statistics show that this year, Chongqing, Shaanxi, Shenzhen, Shandong, Beijing, Shanghai, Tianjin, Shanxi, Gansu and other nine provinces and cities have adjusted the minimum wage. In absolute terms, the highest monthly minimum wage and hourly minimum wage in the country are in Shanghai, reaching 1,820 yuan and 17 yuan respectively. Among the other three municipalities, Beijing is no less than 8.97 yuan per hour and no less than 1,560 yuan per month; Tianjin is not less than 16.8 yuan per hour and no less than 1680 yuan per month; Chongqing is the lowest, not hourly. Less than 12.5 yuan, not less than 1250 yuan per month.
From the perspective of the increase, the signs of narrowing the minimum wage increase this year are more obvious. The average increase in the minimum wages of the above nine provinces and cities is about 13%, which is the lowest in recent years. In 2011, 24 provinces in the country adjusted the minimum wage, with an average increase of 22%. In 2012, 25 provinces adjusted the minimum wage, and the average growth rate fell to 20.2%. By 2013, 27 regions across the country adjusted the minimum wage. The standard, the average increase is only 17%.
However, it is worth noting that, together with the salary increase, it is the recruitment demand that the company continues to climb. Future Carefree recently released the “2014 Second Quarter Employer Recruitment Survey Reportâ€. Among the surveyed companies, employers accounted for 30.5% of all positions with salary growth of more than 5%. The survey result was 51.4% a year ago. However, 88.6% of employers surveyed said they would hire more employees in the second quarter of this year than in the first quarter of this year, higher than the results of the first quarter of this year.
The "Economic Information Daily" reporter recently visited the labor market and found that the increase in the minimum wage provides protection for workers, but also increases the pressure on corporate wages and further increases the difficulty of business operations.
At a job fair in Baoshan District, Shanghai, Shanghai Shidongkou Metallurgical Equipment Repair Co., Ltd. plans to recruit 15 welders, 10 turners and 10 production line operators. The monthly wages of welders and mechanics range from 3,500 yuan to 4,000 yuan, compared with the beginning of last year. Compared with the already 10% increase, recruitment is still not easy.
“It seems that the minimum wage line is meaningless, but in fact, once the adjustment has a great impact on the company,†Jiang Yuanlin, a company manager in Shanghai who is engaged in the production of electronic parts, told reporters that the current expected income and actual income of workers are higher than the local minimum. The wage standard, but because the minimum wage is directly linked to the company's other labor costs, the increase in the cost of labor is often higher than the increase in the minimum wage.
"Every time the minimum wage is raised, the company's workers will ask for a raise. In order to retain the workers, our actual wages are basically increased by the minimum wage." Jiang Yuanlin said, "In addition to rising wages, social security spending has increased. The cost of labor for the company is really worse for us, the manufacturing companies that are already in a downturn."
In fact, due to many other factors associated with it, the adjustment of the minimum wage standard can be said to be one-stop. Employees' medical treatment, probationary treatment, post-mortem maintenance standards, and unemployment insurance bases in some provinces are directly linked to the minimum wage. Any increase in the rate will lead to a greater increase in the cost of employment. Some experts believe that the current domestic real economy is not very prosperous, the winter of manufacturing is not completely gone, once the minimum wage standard is frequently raised, the blow to enterprises may be fatal.
But in the long run, the trend of rising wages will not change, and the middle and low income groups will become the most obvious group. According to a research report issued by Towers and Towers, a consulting service firm, after nearly a decade of “globalizationâ€, the average income growth of Chinese executives has been limited, while middle- and low-income people and front-line operators And recent graduates are hotspots for rising wages. In the future, income growth will be more concentrated in middle- and low-income groups. As a result, China's advantage in labor costs is further weakening, which will force the transformation of economic development mode and industrial restructuring.
This is the preliminary statistics made by the reporters of the Economic Information Daily based on the information disclosed in various places. It is understood that the Ministry of Human and Social Affairs will announce more detailed information in this regard in the near future.
Statistics show that this year, Chongqing, Shaanxi, Shenzhen, Shandong, Beijing, Shanghai, Tianjin, Shanxi, Gansu and other nine provinces and cities have adjusted the minimum wage. In absolute terms, the highest monthly minimum wage and hourly minimum wage in the country are in Shanghai, reaching 1,820 yuan and 17 yuan respectively. Among the other three municipalities, Beijing is no less than 8.97 yuan per hour and no less than 1,560 yuan per month; Tianjin is not less than 16.8 yuan per hour and no less than 1680 yuan per month; Chongqing is the lowest, not hourly. Less than 12.5 yuan, not less than 1250 yuan per month.
From the perspective of the increase, the signs of narrowing the minimum wage increase this year are more obvious. The average increase in the minimum wages of the above nine provinces and cities is about 13%, which is the lowest in recent years. In 2011, 24 provinces in the country adjusted the minimum wage, with an average increase of 22%. In 2012, 25 provinces adjusted the minimum wage, and the average growth rate fell to 20.2%. By 2013, 27 regions across the country adjusted the minimum wage. The standard, the average increase is only 17%.
However, it is worth noting that, together with the salary increase, it is the recruitment demand that the company continues to climb. Future Carefree recently released the “2014 Second Quarter Employer Recruitment Survey Reportâ€. Among the surveyed companies, employers accounted for 30.5% of all positions with salary growth of more than 5%. The survey result was 51.4% a year ago. However, 88.6% of employers surveyed said they would hire more employees in the second quarter of this year than in the first quarter of this year, higher than the results of the first quarter of this year.
The "Economic Information Daily" reporter recently visited the labor market and found that the increase in the minimum wage provides protection for workers, but also increases the pressure on corporate wages and further increases the difficulty of business operations.
At a job fair in Baoshan District, Shanghai, Shanghai Shidongkou Metallurgical Equipment Repair Co., Ltd. plans to recruit 15 welders, 10 turners and 10 production line operators. The monthly wages of welders and mechanics range from 3,500 yuan to 4,000 yuan, compared with the beginning of last year. Compared with the already 10% increase, recruitment is still not easy.
“It seems that the minimum wage line is meaningless, but in fact, once the adjustment has a great impact on the company,†Jiang Yuanlin, a company manager in Shanghai who is engaged in the production of electronic parts, told reporters that the current expected income and actual income of workers are higher than the local minimum. The wage standard, but because the minimum wage is directly linked to the company's other labor costs, the increase in the cost of labor is often higher than the increase in the minimum wage.
"Every time the minimum wage is raised, the company's workers will ask for a raise. In order to retain the workers, our actual wages are basically increased by the minimum wage." Jiang Yuanlin said, "In addition to rising wages, social security spending has increased. The cost of labor for the company is really worse for us, the manufacturing companies that are already in a downturn."
In fact, due to many other factors associated with it, the adjustment of the minimum wage standard can be said to be one-stop. Employees' medical treatment, probationary treatment, post-mortem maintenance standards, and unemployment insurance bases in some provinces are directly linked to the minimum wage. Any increase in the rate will lead to a greater increase in the cost of employment. Some experts believe that the current domestic real economy is not very prosperous, the winter of manufacturing is not completely gone, once the minimum wage standard is frequently raised, the blow to enterprises may be fatal.
But in the long run, the trend of rising wages will not change, and the middle and low income groups will become the most obvious group. According to a research report issued by Towers and Towers, a consulting service firm, after nearly a decade of “globalizationâ€, the average income growth of Chinese executives has been limited, while middle- and low-income people and front-line operators And recent graduates are hotspots for rising wages. In the future, income growth will be more concentrated in middle- and low-income groups. As a result, China's advantage in labor costs is further weakening, which will force the transformation of economic development mode and industrial restructuring.
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