Migrant Workers
China Data Talk: Spring Festival travel season (Chunyun period) will start from 8th Jan, while people will return to their hometown for the Chinese New Year. This brings up the topics about migrant workers.
In accordance with the estimate of GDP by income, compensation of labor in 2010 is 45% of the GDP. Compared to the figure in 2009, it drops by 1.6 %; and this of course is accompanied by a rise in the share of capital return. Within this amount of compensation, how much can be shared by the migrant workers, among the 760 mn employment?
Chart provided by: NBS, CEIC｜CEIC estimates
From the NBS Survey of Migrant Workers in 2011Q3, at the end of the quarter, total number of migrant workers outside their hometown is 163.82 mn, and their average monthly earnings is RMB 1991 at that time (thus average of the first 9 months should be lower than RMB 1991). Estimating using this set of data, compensation of the outgoing migrant workers in the first 3 quarters 2011 is lower than 8% of the current GDP.
While 20% of the 760 mn employment is estimated not really participating in work, the actual working labor will be 609 mn. About 27% of them here are outgoing migrant workers.
Behind this impressive GDP figure, outgoing migrant workers only take away less than 8% of the total. They are really a “good buy” in the labor market. If their expenses in cities (which is their another contribution) are deducted, how much they can actually take away? How should the World’s Factory and the grand cities give the migrant workers the status they deserve?
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Published in one of the China’s prestigious finance magazines – Caixin 财新
China Database
+ National Accounts
+ Gross Domestic Product
+ Labor Market
+ Employment
+ Income and Wages
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