Posted by

Barry Siskind

Community Manager

In China, the average worker earns a minimum wage of 800 Yuan (the equivalent of $ 123.00 US per month). Low wages and a large workforce have resulted in China becoming one of the fastest growing economies on the planet…in spite of the recession.

Recently the government implemented an increase in the monthly wage to 960 Yuan. In real dollars not a lot, but significant in a country where the cost of a latte from Starbucks is 25 Yuan or half a day wages. When you multiply this increase by 1.2 billion the number is staggering.

This may very well be the first step in raising the standard of living in China. Better wages will mean higher demand for products but at the same time will have a negative effect on the corporate bottom line.

Could this be the beginning of a trend in China? If it is, what might the effects of this have on the exhibition industry?