Author: desperado123

China vows double workers' wage in 5 years [Copy link] 中文

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Post time 2011-4-20 14:30:54 |Display all floors
At least 1 in 10 Chinese spend most of their salaries on food.
Okay let the salarly growth measured by food.

Most city-hukou young people spend most of their salaries on apartments.
Okay, let the salary growth measured by the price of apartments.

As far as I know, city hukou Chinese salary has dreased dramatically measured by the houses price in the past 10 years.

Do you think so, greendragon?

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Post time 2011-4-20 14:40:44 |Display all floors

Reply #10 468259058's post

TRYING TO GET ME TO SAY THE OBVIOUS?

ha ha ha

Look at total production, consumption of home, durable, consumeable TO GET A RIGHT comparison!

ha ha ha

cheerios!

Green DRagon
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Post time 2011-4-20 15:09:40 |Display all floors
Originally posted by greendragon at 2011-4-20 14:40
TRYING TO GET ME TO SAY THE OBVIOUS?
Look at total production, consumption of home, durable, consumeable TO GET A RIGHT comparison!
...
.

Worker's wage??? What's the meaning?

For workers, they don't care about the total production, the total consumption of home, or the  total what..

As an individual, he/she care about what he/she can do with the wage.  Can he pay the food with the wage? can he pay the house rental with the wage?

e.g.
From the perspective of government officials, many of them get houses nearly free of charge from the public wealth.
It said that the land rental, a half land in  urban area, is free of charge in China. (But Most Chinese ordinary workers can't enjoy these zero land rental land. They have to suffer the sky high land rental in housing market.) You would probably add these production and consumption (zero land rental) into the total calculation.
So the total estimate, sometimes, can mislead us.

2,000 houses are available now.

A type: 1,000 houses are sold at RMB 100,000 each.
B type: 1,000 houses are sold at zero.

Supposed people in X group can only buy houses from A type.
People in B group can buy houses both from A type and B type.

And then we do the calculation that on average, the houses price is at 50,000 now.

Is there any problem?

[ Last edited by 468259058 at 2011-4-20 03:22 PM ]

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Post time 2011-4-20 15:53:36 |Display all floors

Reply #12 468259058's post

That's why we need TEA SHOP sessions with the people!

Getting them to DISCOVER the joy of living.
and the JOY of discovering that they are actually IMPROVING THEIR lifes.

Discoveries by citizen of "SURGE" in home quality, car sales will create "collective" joy.

cheerios!

Green DRagon
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Post time 2011-4-20 19:33:29 |Display all floors
The biggest problem in the economy is the HUGE gap between the rich and poor. This affects all the increase in costs, especially for apartments. I find it very strange that things are so expensive in China relative to what similar things cost in the West, taking into account the gap between the wages in China and the West. This is due to the huge profits that owners of businesses, both manufacturers and retailers (large and small), earn. The actual cost of constructing the apartments in China is not high, but the cost of the land rights and the profits the developers earn is scary high. When you take into account the fact that new apartments in China come in bare cement and need to be finished at extra cost, where new apartments in the West come in a basic finished design, ie; floors, plumbing, electrical work, etc, the cost is crazy...and it's all profit for developers and their supporters. It's easy to say what's needed is a doubling of worker's pay over 5 years but if nothing is done about the growing gap between the poor and the expectation of profits for the rich, this will lead to a vicious cycle of inflation that will undermine China's export competitiveness. As a Westerner who owns a business and lives in China, I can tell you it's a serious issue. There are already many export businesses closing and/or moving on to other countries.

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Post time 2011-4-20 21:02:36 |Display all floors
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Post time 2011-4-20 21:04:26 |Display all floors
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