Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (62470)	4/22/2005 1:15:22 PM
From: Moominoid	Read Replies (1) of 74559

"The average disposable income (after tax, food and shelter) in Shanghai is 16,683 Yuan in 2004. " Per year? Or what? I can't read the article unfortunately (and I don't think I can ask my grad students to do that for me :)) "back to Shanghai and set up a consulting company. I asked him how much his company pays for their employees, he told me that >10,000 Yuan a month for people who have some experience. And that was 3 years ago. " That makes sense. The Economist is reporting that lower/middle management makes $25-30k per year in Shanghai. Programmers in India make $10-12k + The VW guy must be very skilled as that article cited $1.50-$2 per hour and $1 for production workers in general is what I've seen quoted. The average for all of China is much below that though at nominal exchange rates. David

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