How much does Apple pay its factory workers in China?

Apple and Foxconn both said this issue has been corrected. Most factory workers are paid about 4,000 yuan ($562) a month, one CLW investigator found. After taxes and mandatory fees, they get roughly 3,000 yuan a month, according to the CLW report.

How much money does a factory worker make in China?

Average yearly wages in manufacturing sector in China 2010-2020. This statistic shows the average yearly wages in the manufacturing sector in China from 2010 to 2020. As of 2020, the average wages in manufacturing in China increased to approximately 82,800 yuan from 30,700 yuan in 2010.

How much are factory workers paid in China per hour?

Salary Recap

The average pay for a Factory Worker is CNY 48,615 a year and CNY 23 an hour in China. The average salary range for a Factory Worker is between CNY 37,942 and CNY 58,189. On average, a Less Than HS Degree is the highest level of education for a Factory Worker.

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How many factory workers does Apple have in China?

Apple has roughly 10,000 direct employees in China, across its retail and corporate entities. Its supply chain also has more than a million workers manufacturing products like the iPad, iPhone and Apple Watch.

What is the richest job in China?

The highest paid China are Legal & Paralegal professionals at $850,000 annually. The lowest paid China are Data professionals at $39,000.

How much do Adidas factory workers get paid in China?

A typical worker the plant might earn around $400 a month depending on position and overtime, according to China Labor Watch, which published a report on the facility in 2010. Hours vary in China’s factories, but a 60-hour week is not uncommon.

Why is Labour cheap in China?

Because of the high volume of materials and resins ordered by Chinese companies, the pricing would be as low as it could be. … Labor is abundant and cheap in China because even though 300,000 have risen into the middle class and above, this still leaves one billion people living at the poverty level.

What is the basic wage in China?

One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of April 2021).

Minimum wage per hour in China as of March 2020, by region (in yuan per hour)

Characteristic Minimum level Maximum level
Guizhou 16.5 18.6
Fujian 15 18.5
Shanxi 15.2 18.5
Jiangsu 14.5 18.5

How much is a Chinese Walmart worker paid per day?

Wage and Compensation

Most workers’ base salary is 15 Yuan per day ($1.80), with an increase to 24 Yuan per day ($2.90) with seniority. However, the minimum wage standard stipulated by the local government is 37.284 Yuan per day ($4.73). Most workers in the factory receive piece-rate wages.

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How much money Apple makes in China?

Apple’s earnings for Greater China in Q2 2021 were up 87.5% from this time last year, to $17.7 billion.

How much of Apple’s supply chain is in China?

Out of the 30 countries where Apple devices were manufactured in 2020, six accounted for over 80% of annual production. China contributed 42%, followed by Japan (16%), the US (9%), Taiwan (6%), South Korea (5%), and Vietnam (4%).

Does Apple own its factories in China?

There are no Apple-owned factories in China. However, we can say that Foxconn and Pegatron and others are the companies in China that is making the product and assembling it as well. Plus, Apple is using the help of various Chinese companies to make its components.

Who is richer US or China?

Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported. A report by McKinsey & Co.

Does China pay well?

China has lower average salary figures compared to other developed economies like the United States and Japan. The annual average wage of a typical Chinese employee is around 3,51,600 Yuan (USD 54,422).

Where do millionaires live in China?

This statistic indicates the number of people owning more than ten million yuan in mainland China as of the end of 2019, by region. As of the end of 2019, approximately 294,000 millionaires lived in Beijing, whereas around 291,000 millionaires lived in Guangdong province.