The annual average wage of the city's urban private sector employees in 2020 will be 55,678 yuan (equivalent to an average monthly wage of 4,640).
The annual average wage of on-the-job workers in Chongqing in 2020 will be 98,380 yuan (equivalent to an average monthly wage of 8,198)
The average wage refers to the amount of monetary wages that the workers in enterprises, undertakings, and organizations receive on average per person during a certain period of time. It shows the high and low degree of wage income of employees in a certain period of time, and is the main indicator reflecting the wage level of employees. Luohe average wage formula: average wage = the total amount of wages actually paid to all employees in the reporting period / the average number of all employees in the reporting period.
The Labor Law of the People's Republic of China
Article 46 The distribution of wages shall follow the principle of distribution according to work, and equal pay for equal work shall be implemented. The level of wages shall be raised gradually on the basis of economic development. The State exercises macro-control over the total amount of wages.
Article 47 Employing units shall, in accordance with the characteristics of their production and operation and their economic benefits, independently determine the method of wage distribution and the wage level of their units in accordance with the law.
Article 48 The State shall implement a system of guaranteed minimum wages. The specific standards for minimum wages shall be prescribed by the people's governments of the provinces, autonomous regions and municipalities directly under the Central Government and reported to the State Council for the record. The wages paid by an employer to a worker shall not be less than the local minimum wage standard.