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Thread: Can salary rise ease prices hike?

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[quote=YVONNE,257592]At present, prices of food, vegetables, oil and other products have been rising and caused much pressure. To cope with this potential menace, the central and local governments have tried to regulate the prices through administrative means. But it did not work well. Therefore, some people suggest that the most effective way is to increase people’s salary.

It is reported that China has produced about 30 percent consumables for US since it adopted Reform and Opening up policy. However, Chinese people’s salary only takes 4 percent of its counterparts (US citizens). As GDP is growing very fast, the per capita income is dragging behind GDP. Since people do not have enough money or savings at banks, they can not consume randomly.

Considering this issue in this way, it seems that salary increase might help ease prices hikes. Actually, some foreign companies including McDonalds and KFC in China have increased their staff’s salary. The salary of McDonalds’ staff has been raised 30 percent.

How do you view this? Can salary rise ease prices hike? Your views are welcome. 
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