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 (www.wageindicator.blogspot.com). 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.