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The Minimum Wage Went Up an Average of 14 Percent

Xinhua carried an article that was originally published in Economic Information Daily. According to the article, in the first half of 2014, the minimum wage in 12 provinces and cities went up an average of 14 percent. The Ministry of Human Resources and Social Security will soon be releasing more information. This increase is the lowest in recent years. The article stated that it was 22 percent in 2011; it was 20.2 percent in 2012; and it was 17 percent in 2013. The article also stated that, even though the “Minimum Wage Guideline” declared that the minimum wage increase was supposed to take place once every two years, from 2010 to 2014 the actual wage increases occurred once every 1.2 years.

Source: Xinhua, June 30, 2014