Tuesday, June 3, 2008
Shenzhen raising minimum wage to US$144/month
The city of Shenzhen, just across the border from Hong Kong, has announced that it is raising its minimum wage to RMB1,000 a month in the center of the city. That's $144 a month or $1728 a year for the most basic factory salary, before overtime and benefits. Paltry, yes, by Western standards, and sure to be inadequately enforced, but quite significant by Chinese standards. I could be wrong, but I think that's the highest minimum wage in China right now. Thanks to CSR Asia for pointing it out.