China’s Ministry of Human Resources and Social Security said on Dec. 25 that the average salary raise for the nation in 2014 was 14.1%, which has been the lowest figure for the past four years.
“A total of 19 provinces or areas increased their minimum wage this year,” the ministry said.
These 19 princes and areas were Chongqing, Shanxi, Shenzhen, Shandong, Beijing, Shanghai, Tianjin, Shanxi, Qinghai, Gansu, Yunnan, Sichuan, Jiangxi, Guizhou, Inner Mongolia, Henan, Zhejiang, Jiangsu and Hebei.
The ministry said that the Shanghai employees enjoy the fattest paychecks, that the minimum wage was US$303 a month for a full-time worker and US$2.26 an hour for a part-time counterpart.
To compare with history statistics, the ministry said that a total of 24 provinces or areas increased their minimum wages in 2011 with an increasing rate of 22%; 25 provinces or areas did the same thing in 2012, with an increasing rate of 20.2%; in 2013, 27 provinces or areas increased their minimum wages with a rate of 17%.
Chinese Academy of Social Sciences’ latest research said that China’s minimum wage will continue to grow for next few years but no giant step forward will be seen, due to the combination of the influences by the nation’s economic growth and labor supplies. The academy said, however, the minimum wage for high-end and high quality human resources will continue to grow with a large scale.