World News

488 readers

362 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 10 months ago

MODERATORS

submitted 5 months ago by Aussieiuszko@aussie.zone to c/world@quokk.au

14 comments fedilink hide all child comments

As an accountant in China, Ms Wei works in the finance sector where the government has been cutting and capping workers' pay.

China's financial sector is led by state-owned banks and institutions, which are ultimately controlled by the government.

Ms Wei's monthly salary has been reduced from 6,000 yuan to 4,500 yuan and her year-end bonus slashed by more than half.

"They [the government] started to cut everyone's salary last July. It's a heavy blow to my life," Ms Wei said.

you are viewing a single comment's thread
view the rest of the comments

[–] sunzu2@thebrainbin.org 8 points 5 months ago (1 children)

my understanding is that you need 1k income to live decent in non tier 1 city, and in tier 1 city, you will need 2k to make worth it vis a vis QoL.

[–] Aatube@kbin.melroy.org 1 points 5 months ago (1 children)

decently? definitely. a decent salary needs to be quite a bit above the cost of living

[–] sunzu2@thebrainbin.org 5 points 5 months ago (1 children)

this comment and comment above are not logically congruent

You posit that her income loss is not too bad because bare min person can live on 613 so her going down to 600 is not that bad
Well obviously if you want a normal life you gonna need that cash money.

[–] Aatube@kbin.melroy.org 0 points 5 months ago

My point was that it's bad, but not nearly as bad as someone earning $800 a month in the US. I did not articulate that well.