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Minimum wages under such policies increased by an average 12.6 percent rate between 2008 and 2012. However, the growth rate of minimum wage levels decreased in 2016, reflecting the Chinese government's effort to reduce pressure on enterprises resulting from the uneven growth between labor costs and production rates. [1] [2] [3]
The following list of countries by labour productivity ranks countries by their workforce productivity. ... Year Australia: 75.6: 78.9 ... China: 15.4 2023 Sri ...
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
Beijing also "severely and artificially suppressed China's labor costs in the maritime, shipbuilding and logistics sectors," that person added, citing excerpts of the report.
China's estimated employed labor force in 2005 totaled 791.4 million persons, about 60% of the total population. During 2003, 49% of the labor force worked in agriculture, forestry , and fishing ; 22% in mining , manufacturing , energy , and construction industries; and 29% in the services sector and other categories.
The China Statistical Yearbook [3] (traditional Chinese: 中國統計年鑑; simplified Chinese: 中国统计年鉴 [4]), also translated into English as China Statistical Annual, [5] is a large-scale yearbook of statistical information [6] comprehensively reflecting the economic and social development of the People's Republic of China. [7]
"We usually work, 10, 11 or 12 hours a day," says a 49-year-old woman from Jiangxi unwilling to give her name. "On Sundays we work around three hours less."
During the 1980s, low labor costs made China one of the major producers of inexpensive manufactured goods. [35]: 163 By 1984, agricultural production had boomed following the institution of the household responsibility system, which replaced collective farming.