Saturday, July 02, 2005

Opinion_the importance of a wage indicator

My friend Fons started a business named wage indicator years before(Not sure how long). Though he is curious in finding investors these days, I believe it will be an useful information source for worldwide business, especially those who want to make use of cheap labors.

After talking with a reporter here in Shanghai, I had some basic idea on the salary of local reporters here. For an experienced reporter, he or she could earn more than 10,000 yuan( almost 1200 US dollars) a month before tax, in addition with special money on transporting and lunchbox.

I heard an interesting example before, comparing the salary of reporters in Hong Kong with ones in Shanghai. In both cities, the average monthly salary for a reporter could cover the price of one square meter in an apartment. So, not that different, huh?

1 comment:

Fons Tuinstra said...

Thanks for mentioning the China Wage Indicator; the project is still trying to get its act together and was happy to meet some of my colleagues of other wage indicators in mostly Europe ( Getting it organized is nowhere easy, but indeed useful. More information on wages in China is for sure making many people wiser and I expect it will put upward pressure on the wages.