Rising Labor Costs Spawned Minimum Wage Inflation

In the early April, 12 provinces and municipalities were raised.

The general view of the social view is that the formulation of minimum wage standard can directly reflect the level of regional economic development, and the ultimate goal of regional economic development needs to be restored to the living standard of residents in the region. The two are interrelated and interrelated.

"This adjustment reflects this view."

Liu Yunzhong, a researcher from the Development Department of the State Council Development Research Center, said in an interview with reporters that the latest standards also objectively reflected the current level of national regional economic development.

Traditionally, the regional economy of China has been divided into three regions: East, central and western regions. The total economic volume of the three regions shows a "high to low" distribution trend.

Liu Yunzhong believes that this minimum wage adjustment also reflects this rule.

The reporter noted that the 12 provinces and municipalities that participated in the adjustment were not only among the top 8 eastern provinces, but also a central province (Shanxi) and three western provinces (Ningxia, Chongqing and Shaanxi).

"Adjustment directly affects the change of labor costs."

Liu Yunzhong stressed that in the context of the current pformation of the mode of economic development and the pfer of Eastern industries to the central and western regions, labor costs have been concerned by the government, the market and the labour force itself, and also the key to attracting labor in various regions.

Since last year, "

It is understood that in 2010, 30 provinces nationwide adjusted the minimum wage standard.

Just after the first quarter of 2011, 11 provinces that had previously been adjusted have raised the minimum wage standards again.

"The rise in the cost of living will ultimately be reflected in the cost of labor."

Wang Yukai, a professor at National School of Administration, told reporters that workers earned remuneration to improve their quality and level of life. The basic significance of the minimum wage standard is to protect the basic living standards of labourers.

Wang Yukai believes that if the remuneration can not bear the basic cost of living, there will be labor shortages.

He stressed that if wages can not meet the basic needs of living and eating, if the government and enterprises do not change, they will inevitably create "

In addition, some analysts pointed out that Zhejiang, Guangdong and other provinces are located on the southeast coast. Their industrial sectors are mostly labor-intensive manufacturing, clothing and textile industries, and their demand for labor is huge.

However, with the pressure of industrial pfer and rising cost of living, industrial workers are gradually shifting to inland. Raising the minimum wage standard and attracting labor employment is also an objective choice taken by the market.

"Raising the minimum wage standard seems to be helpless for the government and enterprises, but it is also an objective necessity."

Wang Yukai said.