The social average wage in 2000 was 780/month, and the gold price was 76 yuan/gram. You could buy 10 grams of gold in a month, with an average daily work hours of 5.78 hours.
In 2024, the social average wage is 8,500/month( for large-scale enterprises), and you can buy 10 grams of gold in a month, with an average daily work hours of 9.8 hours.
So essentially, it's not a return to the 3000 era, but wages have fallen back to a few hundred yuan, while working hours have actually increased by 1.68 times.
Additionally, the highest wages were in 2015, when you could buy 20 grams of gold in a month, and 2015 was also the year when the economy peaked and started to turn.
You might want to consider whether this chart is consistent with the economic cycle and the real estate cycle?
00-15 saw rapid growth, then a high-level sideways movement, followed by a decline. Have you noticed that wages seem to have returned to the 3000 era?
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The social average wage in 2000 was 780/month, and the gold price was 76 yuan/gram. You could buy 10 grams of gold in a month, with an average daily work hours of 5.78 hours.
In 2024, the social average wage is 8,500/month( for large-scale enterprises), and you can buy 10 grams of gold in a month, with an average daily work hours of 9.8 hours.
So essentially, it's not a return to the 3000 era, but wages have fallen back to a few hundred yuan, while working hours have actually increased by 1.68 times.
Additionally, the highest wages were in 2015, when you could buy 20 grams of gold in a month, and 2015 was also the year when the economy peaked and started to turn.
You might want to consider whether this chart is consistent with the economic cycle and the real estate cycle?
00-15 saw rapid growth, then a high-level sideways movement, followed by a decline. Have you noticed that wages seem to have returned to the 3000 era?