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Thread: Can salary rise ease prices hike?

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[quote=JIMMYB,259292]Griz, if those bosses could do what Henry has done, that would be very good.

Quote: One interesting point you made is that wages are not keeping up with the GDP growth. So where is the money going? Two places: it is being paid to a minority as business profit, and being retained by the government as reserves.

Well, the money is mostly paid to a minority as business profit. Who contribute most to GDP growth? Those state-owned enterprises and companies and those who work in those enterprises and companies earn much than their counterparts in those private enterprises. Why? The state is backing up and protecting those stated owned enterprises. In other words, those state owned enterprises monopolize the market. Have a look at PetrolChina, Chinamobile and China Unicom and you will understand it.  Perhaps, the government should retain more money as reserve since it can help curb inflation risk. The source said that central government might raise prices of tapping water and electricity from next year. If people's salary are not raised, how can they afford the 'extra fee'? In this aspect, I suggest that salary should be increased.[/quote]

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