Why are young people so rich now?

A detailed analysis of what industries young people earning over $10,000 a month are mainly engaged in, with some data and case studies to back it up.

The Internet industry is one of the fields where young people earning more than 10,000 dollars a month are now concentrated. According to a survey, the average monthly salary of China's Internet workers in 2019 was 12,973 yuan, with a significant number of young people earning more than 10,000 yuan a month. Wages in the Internet industry are higher than in other industries, partly due to the industry's high skill requirements and strong market demand. Internet entrepreneurship, Internet marketing, and Internet finance are all subfields of the Internet industry that earn more than $10,000 a month. For example, employee salaries at ByteDance, a nascent Chinese Internet company, can run into the millions of yuan, while a young employee at Meituan Dianping already earns more than 100,000 yuan a month by the time he is in his fourth year of employment.

The financial sector is another popular area to earn more than $10,000 a month. According to a survey by Chinese career website Zhaopin, the average salary in the finance industry in 2019 is 15,464 yuan. The high salary in the finance industry is partly due to its high demand for talent and the high-risk, high-reward nature of the industry. Practitioners cover a wide range of subfields, including securities, funds, banking, and insurance. For example, the annual salary of a young senior investment banker with years of experience at the China International Capital Corporation can reach more than 5 million yuan.

The real estate industry is also among those earning more than $10,000 a month, as it involves high capital flows and high sales commissions. The average salary in the real estate industry in 2019 was 13,415 yuan, according to Chinese career website Zhaopin. Employees in the industry include real estate brokers, real estate sales, land bidding and auctioning, property management and many other fields. For example, the monthly salary of a young real estate salesman named Li Jing, who has been in the industry for less than two years, has already exceeded 100,000 yuan.

The e-commerce industry is one of the industries that has emerged in recent years, with a huge market and development prospects. Employees in the industry cover areas such as platform operation, merchandising, logistics and distribution. According to the data, the average salary of e-commerce employees in China in 2019 is 11,187 yuan.

In the field of medical sales, young people with specialized knowledge and skills can make a high income by selling high-end medical equipment or medical devices. For example, sales representatives of some medical device companies can earn more than $100,000 a month.

In short, no matter which industry you are in, as long as you have specialized knowledge and skills, and are innovative and enterprising, you may have the opportunity to earn over $10,000 a month.