Shanghai's Average Salary Standard for 2024 Announced!

Shanghai's Average Salary Standard for 2024 Announced! 

On July 31, 2024, the Shanghai Human Resources and Social Security Bureau officially announced the latest average salary standard for Shanghai's urban units. According to the notification, the average monthly salary for employees in comprehensive urban units in Shanghai for the year 2023 is 12,307 RMB.

In comparison to the previous year's average wage standard, which was 12,183 RMB per month, there is a slight increase. This increment, although modest, indicates a steady growth in the wage levels in Shanghai, reflecting the city's ongoing economic development and efforts to improve the living standards of its workforce.

Looking forward, it is expected that wage levels in Shanghai will continue to rise in alignment with the city's economic policies and labor market trends. Continuous investment in education, skills development, and industry innovation will likely contribute to sustained growth in wages, further solidifying Shanghai's position as a leading economic powerhouse.

Source: 上海人社局

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