Why is the minimum wage in Shanghai the highest in China?

The minimum wage standard is one of the main means to adjust the distribution of enterprises at present.

From April, 2065438 1 day, Shanghai adjusted the minimum monthly wage from 2420 yuan to 2460 yuan, increased 60 yuan, and adjusted the minimum hourly wage from 2 1 yuan to 22 yuan, continuing to lead the country.

Shanghai has always been at the forefront of the country in terms of minimum wage, which is very important because the consumption level in Shanghai is one of the best. Shanghai's consumption level is high. Eating a fast food requires a high consumption level of 40 to 50, which is unacceptable to ordinary income earners. From this perspective, it is natural that the minimum wage in Shanghai is the highest in the country.

As the national economic center, Shanghai ranks first in GDP. On March 1 day, Shanghai Municipal Bureau of Statistics released the statistical bulletin of Shanghai's national economic and social development in 20 18. In 20 18, the GDP of Shanghai was 3,267.987 billion yuan, up by 6.6% over the previous year, ranking first among cities in China. In the field of real economy, Shanghai still maintains a good growth momentum, and industrial production is also in good condition. New kinetic energy in the industrial field has been accelerated, and the output value of new energy vehicles, biology and biotechnology has increased by more than double digits. Shanghai is ahead of ordinary first-tier cities in finance, commerce, real estate, automobiles and complete sets of equipment, and its growth rate has not slowed down.

According to the calculation of the resident population of Shanghai in 20 18, the per capita GDP of Shanghai in 20 13.5 exceeded 20,000 USD, reaching the standard of developed economies for the first time. Then the corresponding living expenses of local urban residents, the average wage of employees, the social insurance premiums paid by employees and the housing accumulation fund will be higher than those of other cities, and these factors must be considered when determining the minimum wage standard.

To sum up, it is not difficult to understand that Shanghai's minimum wage can always rank first in the country.