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Beautiful GDP Figures — Useless Without a Decent Living Standard

On May 12, 2010, the website published an article by Feng Haining that contrasted the low wages of Chinese laborers with China’s high GDP. In Feng’s opinion, no matter how high the GDP is, the real worth of the GDP is not high if it is not reflected in the the people’s living standard.

The International Labor Organization (ILO) pointed out that in 2007, China’s per capita output increased 63.4% between 2000 and 2005, but high labor productivity is not reflected in wage growth. Ordinary workers have no voice in the distribution of revenue. What makes the public especially unhappy is that public policy always favors those with capital. From 1978 to 2005, capital return increased by 20 percent of the total GDP, while labor remuneration declined substantially.

Source:, May 12, 2010