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.
At least read the except, if you’re not reading the article? The lady is earning 800 USD monthly, and just lost a quarter of it. If anybody’s vulturous it’s not her.
Do note that it’s not as bad as $800 sounds like to a US citizen: Shanghai is probably the most expensive city in China, and the cost of living there is $613 according to numbeo.com. But that’s a pre-mortgage figure, and obviously a Western site may not be well up-pt-date with current realities.
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.
decently? definitely. a decent salary needs to be quite a bit above the cost of living
this comment and comment above are not logically congruent
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.