China's many provinces and cities raise the minimum wage standard

Abstract Starting today, the minimum wage in Shenzhen has been raised to 1,600 yuan/month, and continues to lead the country. Whether the increase in the minimum wage will cause the cost of enterprises to increase, the relevant staff of the Shenzhen Municipal Bureau of Human Resources and Social Security (hereinafter referred to as the “Human and Social Security Bureau” said that the most...
Starting today, the minimum wage in Shenzhen has been raised to 1,600 yuan / month, and continues to lead the country.

Whether the increase in the minimum wage will cause the cost of enterprises to increase, the relevant staff of the Shenzhen Municipal Bureau of Human Resources and Social Security (hereinafter referred to as the “Human and Social Security Bureau” said that the group that receives wages according to the minimum standard is not the majority, and the minimum wage is even more What is important is the demonstration meaning and helps to force the enterprise to transform and upgrade.

Since 2013, Beijing, Zhejiang, Henan, Shaanxi, Guizhou, Guangdong and other provinces and cities have raised the minimum wage. Among them, the minimum wage in Beijing was adjusted from 1,260 yuan per month to 1,400 yuan, the highest standard in Zhejiang Province was raised from 1,310 yuan to 1,470 yuan, and the monthly minimum wage in the first-class administrative region of Henan Province was 1,240 yuan. The monthly minimum wage is 1,150 yuan, and the monthly minimum wage in the first-class area of ​​Guizhou is 1,030 yuan. Guangzhou also announced that the minimum wage will be adjusted from 1,300 yuan to 1,550 yuan. In the two years, the increase in the minimum wage in Shenzhen was about 21%.

In addition, Anhui, Gansu, Liaoning and other provinces and cities have also clearly stated that this year will adjust the minimum wage standard in due course.

According to the "Several Opinions on Deepening the Reform of Income Distribution System" approved by the State Council, the minimum wage in most regions in 2015 will reach more than 40% of the average wage of local urban employees.

But for some labor-intensive companies, the improvement of the minimum wage is not good news. Due to the impact of the European and American debt crisis, orders have decreased, inflation has led to rising costs, and corporate profits have also decreased. Some business owners told the First Financial News (microblogging) Daily that the minimum wage increase will increase the company's comprehensive employment costs, such as the overtime calculation base and the social security contribution base will increase.

“The municipal government has taken into account factors such as the economic environment, labor productivity, employment status, etc., and of course the cost increase that may be caused to the enterprise.” The above staff said, but long-term improvement is the trend, which is also Supporting measures for income distribution reform that have been promoting.

At the same time, the increase in the cost of employing people will force enterprises to carry out industrial transformation and upgrading. The above-mentioned staff said that if the company reproduces low value-added products, the profit will be very small, and the increase in the minimum wage in the long run can force enterprises to tap core competitiveness, increase productivity, and achieve technological innovation.

In addition, unlike mainland cities, Hong Kong and Macao have a free market economy with no minimum wage.

Some scholars believe that the minimum wage standard should be dominated by the market, linked to labor productivity, labor productivity will continue to increase, and wages will increase.

However, an expert who asked not to be named told this newspaper that most countries have set up a minimum wage system. If they are completely handed over to the market, because of the information asymmetry between enterprises and workers, it is impossible to exclude the monopoly wage information of enterprises. Laborers are unfair. For the government, the minimum wage standard is the bottom line for determining the labor compensation during normal working hours, and stipulates the starting point of the wage game between the laborer and the enterprise. The two can be freely negotiated above the starting point.

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