Income gap widens despite "average" income growth

时间：2007-07-10 05:47:19

（单词翻译:单击）

Chinanews, Beijing, July 9 – From 2000 to 2005, Chinese people's per capita output increased by 63.4%, exceeding related growth rate in India (26.9%) and ASEAN countries (15.5%). This shows that Chinese economic growth was efficient and sound. On the other hand, however, Chinese people's income did not grow accordingly, which indicates that people in China did not benefit from their high labor1 productivity. As people's income grew slowly, consumption remained sluggish2 for a long time, according to a recent report released by the International Labor Organization, the China Insurance News reported.

 

The report's conclusion coincided with another report issued by the World Bank in February, which said that low consumption in China was caused by people's low income, not by their high savings3.

 

Even worse, although income gap in China further grows, such ever-increasing income gap is obscured by the apparent "average" income growth, which is largely driven by the wage increase in just a few industrial sectors4. Related information shows that in China, electric power generation, telecommunications, finance, insurance, industrial sectors dealing5 with the supply of water, electricity and natural gas, and tobacco industry hire a total number of 8.33 million employees, which accounts for less than 8% of the national total. However, the total wages of workers earned in these industries account for 55% of the total wages for all employees in China.

 

Here are a few disturbing facts regarding Chinese employees' wage structure.

 

Firstly, in China, people's wage growth rate generally falls behind GDP growth rate, and is much lower than the fiscal6 revenues increasing rate. When the state becomes more and more affluent7, individual people become poorer and poorer.

 

Secondly8, most of the wage increase goes to a few state-owned companies that have a monopoly power in their industries. When people's income in these industries increases substantially, the wage level of people in other industries remains9 overwhelming low. The apparent average wage increase thus obscures the fact that for many workers, their income has actually dropped tremendously year on year.

 

Thirdly, in the mainland, there is a great gap between the income earned by corporate10 managers and that earned by grass roots workers. A related survey shows that in 27 major industrial sectors where most state-owned companies gather, the ratio of the high average income to the low average income had increased from 3.5-fold in 2002 to 6.4-fold in 2004. Furthermore, in many regions, employees' minimum wage level and the minimum social security level increase at a far lower rate than the average wage growth rate.

 
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1 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。
2 sluggish VEgzS     
adj.懒惰的，迟钝的，无精打采的
参考例句：
  • This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
  • Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。
3 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
4 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
5 dealing NvjzWP     
n.经商方法，待人态度
参考例句：
  • This store has an excellent reputation for fair dealing.该商店因买卖公道而享有极高的声誉。
  • His fair dealing earned our confidence.他的诚实的行为获得我们的信任。
6 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
7 affluent 9xVze     
adj.富裕的，富有的，丰富的，富饶的
参考例句：
  • He hails from an affluent background.他出身于一个富有的家庭。
  • His parents were very affluent.他的父母很富裕。
8 secondly cjazXx     
adv.第二，其次
参考例句：
  • Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
  • Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。
9 remains 1kMzTy     
n.剩余物，残留物；遗体，遗迹
参考例句：
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。
10 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

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