China Still Has Enough Room To Raise Wages.

Recent research reports predict that China's overall wage level will rise by 8% in 2016, the highest growth rate in the world, triggering heated public opinion.

I believe that the wage increase ranges from 5% to 10%, which is in line with the real situation of China's economy.

First, the overall macroeconomic stability is good.

Provide enough space.

Last year, the per capita disposable income of the whole country was 21966 yuan, and the price deduction factor increased by 7.4% compared to the same period last year.

The per capita disposable income of urban and rural residents increased by 6.6% and 7.5% respectively in real terms.

This is due to the increase in the number of jobs and salaries offered by the third industry, resulting in an increase in the value added of the third industry to 50.5% in GDP last year, which is 10 percentage points higher than that in the second industry.

The economy is accelerated from industrial dominance to service leading.

The base of Chinese people's "raise wages" has been pferred.

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Two, the prices of food and other livelihood necessities have risen markedly.

Consumer prices rose 1.4% year-on-year, or 0.6 percentage points lower than in 2014, much lower than the target of 3% in the year, and also set a new low price increase since 2010.

Although CPI is so low, for low income people, the daily "clothes and food medicine" is rising.

Last year, food prices rose by 2.3% over the same period last year, while clothing increased by 2.7%, and health care and personal products increased by 2%.

In food prices, grain prices rose by 2%, pork prices rose by 9.5%, and fresh vegetable prices rose by 7.4%.

Putting aside other factors and raising wages every two years according to two years of rising prices, they have only reached the level of living standards.

Three is the continuous improvement of per capita productivity.

With the use of technology such as high technology and Internet plus, the demand for operators is getting higher and higher. Mechanical and repetitive labor procedures are being replaced by robots.

Compared with simple labor, complex labor creates different values and different wages.

According to statistics, about 60 to 80% of the productivity improvement of industrial developed countries since 1970s has been achieved through the development of science and technology.

Therefore, raising the proportion through several years' efforts is also a structural reform of supply side.

Productivity has been raised. It should be reflected in the increase of wages and wages, which is the key to low and middle income people.

Last year, China's final consumption expenditure contributed 66.4% to GDP, an increase of 15.4 percentage points over the previous year.

Online sales increased by 33.3% over the same period last year.

Therefore, it can be said that wage increases will be expanded.

It is also contributing to the increase of GDP.

What needs to be emphasized is that the improvement of labor productivity makes enterprises have the ability to digest the cost brought by rising wages.

Business owners should not be too stressed about this because raising wages can become an economic driving force.

The key to coping with this problem is to use new profits to resolve the pressure of rising wages.

Even in industries such as steel, cement and electrolytic aluminum, which are the most productive ones, they can be resolved through merger, pformation and going out.

In recent years, although China's overall wage level is still rising, GDP remains stable and relatively fast.

Although China's economic growth rate last year was only 6.9%, it was the lowest in 6 years.

However, in the past fifth years, the number of new urban employment increased by more than 12 million in China last year, and the registered unemployment rate in cities and towns remained at around 4.1%, below 5% of the control target.