According to the British "Financial Times" website reported on September 3, in the past ten years, the salary of Wang Wei, a staff member of a glass factory in China, has almost tripled, and the double-digit annual salary increase makes the average salary here exceed Latin America.
However, as one of China's 280 million migrant workers, Wang Wei found that wage growth has slowed down.
Wang Wei, 33, is eating beef noodles in a restaurant in the eastern Chinese city of Kunshan. "My current monthly income is roughly the same as last year, which is almost 5,000 yuan."
According to the report, official statistics show that Wang Wei’s experience is becoming more and more common. The average nominal wage growth of migrant workers fell below 7% last year, while prices rose by 2%. As the overall economic growth slowed to the lowest level in recent years, the wage growth of urban workers in China also slowed down.
However, compared with the growth of more than 20% after the financial crisis that year, the wages of migrant workers have declined more significantly.
When the government introduced a large-scale stimulus plan and launched a positive action to raise the minimum wage, people's wages increased, but this prompted manufacturers to consider shifting production to countries with lower wages.
The report believes that the decline in exports in 2015 is even more worrying that China may lose its competitive edge and eventually force the authorities to change their practices.
Gerhard Fratz, who runs a garment factory in Guangdong Province, said: “The government is pushing wages up. When exports slow down, the government no longer raises the minimum wage.†Last year’s wage increase fell to an average of around 6%, while in 2011 More than 20%.
Tim De Meyer, head of the ILO's China Bureau, also believes that policy changes may be a major factor in the slowdown in wage growth. He said: "Because migrant workers usually occupy low-tech industries in the labor market and have less impact on the labor market, their wage levels are more likely to be dominated by the official minimum wage."
As the impact of the government’s stimulus plan began to weaken, wage growth began to slow. The manufacturing industry failed to boost employment.
Cheng Wei, a professional intermediary in Kunshan, sat behind a broken table and said: "The companies here have not really expanded their recruitment."
Today, new jobs are often in the service sector – nearly 47% of migrant workers are in the service industry last year, compared with about one-third in 2011, but wages in the service sector are usually lower than in manufacturing.
Despite this, some young migrant workers began to choose the service industry because they felt that the pressure on the work was not that big. Liu Ning, 23, who works in a mobile phone shop, said: "I earn more in the factory, but the work here is more leisurely."
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