Economics
Chinese Workers Might Not Be Too Happy With Their Pay Raises
- Official and private gauges both signal hiring remains healthy
- Wage increases for blue-collar and white-collar workers easing
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China’s labor market remained tight in the first quarter as the economy roared back. Workers, however, are finding that pay hikes aren’t as generous as they used to be.
A slew of official and private indicators from recruitment fairs and websites show employment solid as factories stopped cutting payrolls amid surging industrial output. But services firms and new industries are no longer aggressively hiring, and wage gains for high-skilled professionals as well as less-trained migrant workers are moderating.