Recently, Guangxi issued the "Notice of the People's of Guangxi Zhuang Autonomous Region on Adjusting the Minimum Wage Standards in the Region" (Gui Zhengfa 2023 No. 24) to adjust the minimum wage standards in the region, and the adjusted minimum wage standards in the region will be implemented from November 1, 2023.
Guangxi minimum wage standard in 2024
After this adjustment, the minimum wage standard in the first-class area of Guangxi was raised from 1,810 yuan to 1,990 yuan, the minimum wage standard in the second-class area was raised from 1,580 yuan to 1,840 yuan, and the minimum wage standard in the third-class area was raised from 1,430 yuan to 1,690 yuan.
A Yu also analyzed in "Have You Reached This Number: Newly Released Minimum Wage Standards, 2022 National Summary" that Guangxi's minimum wage standard is almost the lowest in the country, according to the standard of 2020-2023, the first level of Guangxi is only 1650 yuan higher than Anhui, 1670 yuan in Yunnan, and the third level is only higher than 1350 yuan in Yunnan. The minimum wage standard is one of the important indicators to measure the income level of workers, and there may be many reasons for the low minimum wage standard in Guangxi:
1. Economic development level: Guangxi's economy may develop more slowly than other regions, and the per capita income level is relatively low, so the minimum wage standard is also correspondingly low.
2. Industrial structure: Guangxi's industrial structure may be dominated by agriculture and light industry, and the wage level of these industries is relatively low, so the minimum wage standard is also affected to a certain extent.
3. Labor market supply and demand: If Guangxi's labor market is oversupplied, then the labor force may decline, resulting in a relatively low minimum wage.
All in all, this increase is a good thing for the people of Guangxi, which can increase the real income of the vast number of workers in Guangxi, improve their living conditions, and improve their quality of life. It is important to note that the minimum wage standard is a relative concept, and it is affected by a variety of factors. While Guangxi's minimum wage is still low, this does not mean that the region has a low level of economic development or a poor quality of life.
It is believed that with the development of the economy and the optimization of the industrial structure, the minimum wage standard in Guangxi is expected to be gradually raised. Ayu will continue to pay attention to the latest wage standards in Guangxi and even the whole country, and update and share them with you as soon as possible.
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