国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / View

Time to change the minimum wage system in line with current realities

(China Daily) Updated: 2017-07-18 07:03

AS OF SATURDAY, 11 provincial regions, about one-third of the total, had raised their minimum wage this year. But the average growth rate of about 5 percent is a record low in recent years. Gmw.cn comments:

After the adjustments, the highest minimum monthly wage is 2,300 yuan ($340) in Shanghai, and the lowest is 1,000 yuan in South China's Guangxi Zhuang autonomous region.

In fact, the average growth in the minimum wage nationwide has dropped markedly since the 22 percent in 2011.

The lower minimum wage hike is understandable, given the overall economic situation.

Take Guangdong province for example. Although Guangdong's GDP was $1.17 trillion last year, similar to that of Mexico, which is ranked the 15th-largest economy in the world, the province faces a great challenge transforming and upgrading its labor-intensive industry.

That the Guangdong provincial government recently announced it will raise the minimum wage once every three years from this year, instead of once every two years, reflects the challenges the largest provincial economy in China faces adjusting its economic model.

China implemented a minimum wage system on March 1, 2004, in which the lowest wage benchmark is raised at least once every two years.

Guangdong is obviously violating the minimum wage rules by proposing to increase the minimum wage in the province every three years instead of every two. But this shows it is time to amend the rules, which have remained unchanged for nearly 15 years, so they reflect the global economic realities.

A similar decline in the wage growth trend can be observed in the United Kingdom and the United States.

The minimum wage standards should be settled according to local consumer price index changes, economic growth momentum and the financial resources of the local government.

Highlights
Hot Topics

...
高雄县| 宿迁市| 闻喜县| 万全县| 西宁市| 虞城县| 和林格尔县| 柳江县| 巴彦淖尔市| 永登县| 汤阴县| 海兴县| 文昌市| 冀州市| 方城县| 墨玉县| 全南县| 琼结县| 扎兰屯市| 贵州省| 新河县| 小金县| 唐山市| 成武县| 福泉市| 宁河县| 玉山县| 阳东县| 札达县| 图片| 兰西县| 竹山县| 咸宁市| 宜良县| 娱乐| 和龙市| 巩义市| 江门市| 卓尼县| 新营市| 竹北市|