TAIPEI (Taiwan News) — As growth in China’s manufacturing sector slows, about 80 percent of factory workers in China’s Yangtze River Delta area take home about the same amount of pay as they did last year.
On Saturday (Oct. 12), The Nihon Keizai Shinbun released the report of an investigation into the recruitment of production line workers at 37 businesses in Jiangsu province and Shanghai, CNA reported. Only four of the businesses said their workers took home more this year than they did last year.
A total of 30 businesses said that their workers’ monthly take-home salary this year was about the same as last year. Two businesses said their employees have had to settle for lower pay.
According to the report, Jiangsu province and Shanghai raised the minimum wage in August of last year and April of this year. Even with the minimum wage hikes, however, workers’ actual take-home pay did not increase, as the number of overtime hours has dropped due to the slowing economy.
The report also said that as many as 40 percent of businesses have reduced hiring, according to CNA.