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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (62464)4/22/2005 12:26:04 PM
From: Moominoid  Read Replies (1) of 74559
 
"It was >10,000 Yuan after all the tax and housing fund (about 20%). He is not a manager, just a senior worker. Although not all the auto factories in China paid as high as VW plant in Shanghai, still there are many workers paid pretty high, much highter than $2/hour"

That has to be an exceptionally high wage for a production worker in China. That's what Walmart, say, would pay entry level workers in the US or the minimum wage in high minimum wage states.
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