THE minimum wage of workers in Shanghai will be raised to 1,820 yuan (US$293) per month starting next month, up 200 yuan from last year.
The increase is 30 yuan more compared with last year’s increase of 170 yuan. Meanwhile, the minimum wage per hour will be hiked to 17 yuan from 14 yuan. Officials said the adjustment was made based on many factors such as residents’ living expenditures, consumer price index, average salary and economic development. It also took companies’ business status and capacity into consideration. Shanghai’s minimum wage is the highest in China’s mainland.