Living Wage Update Report: Urban China, Shanghai (August 2019)
Ian Prates, Richard Anker, Martha Anker
Abstract
Open-access reader
Ian Prates, Richard Anker, Martha Anker
Abstract
Open-access reader
This report updates the living wage and living expenses for Shanghai, China, with a focus on manufacturing industry parks. The net living wage and living expenses are updated to the study month of the most recent calendar year – August 2019 – to take into account the amount of inflation since the original August 2015 living wage study. Without accounting for inflation, the net living wage estimated in 2015 would not be sufficient for workers to have a basic but decent standard of living in 2019 because the purchasing power of the living wage would have decreased compared to what it was in 2015. Similarly, living expenses for a reference family are also updated to August 2019 to account for inflation.
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This report updates the living wage and living expenses for Shanghai, China, with a focus on manufacturing industry parks. The net living wage and living expenses are updated to the study month of the most recent calendar year – August 2019 – to take into account the amount of inflation since the original August 2015 living wage study. Without accounting for inflation, the net living wage estimated in 2015 would not be sufficient for workers to have a basic but decent standard of living in 2019 because the purchasing power of the living wage would have decreased compared to what it was in 2015. Similarly, living expenses for a reference family are also updated to August 2019 to account for inflation.
Key concepts: Cost of living, Living wage, Standard of living, Purchasing power, Wage, Inflation (cosmology), Economics, China