每周经济观察第23期：四个关系看居民工资-20250616

Group 1: Income Dependency on Wages - In 2024, the national per capita disposable income is 41,314 CNY, with per capita wage income at 23,327 CNY, making the wage income share 56.5% of disposable income[3] - By Q1 2025, this share increased to 57.3%, indicating a historical high since 2013[3] Group 2: Wage Growth by Demographics - Urban residents' wage growth in 2024 is 5.04%, aligning with GDP growth, while rural residents see a higher growth rate of 6.94%[4] - In Q1 2025, rural wage growth remains above GDP at 6.71%, while urban growth is slightly lower at 5.16%[4] Group 3: Wage Growth by Employment Type - In 2024, average wage growth for urban private sector employees is 1.7%, compared to 2.8% for non-private sector employees[5][23] Group 4: Wage Distribution Across Industries - In 2024, the total wage amount for urban non-private units is 20.53 trillion CNY[7] - The share of wages in government service industries remains stable at around 35.6% in 2023, while the "old economy" sectors' share has declined from 18.9% in 2019 to 16.4% in 2023[7][29] Group 5: Wage Growth vs. Transfer Payments - Wage growth from 2023 to 2024 outpaces personal income tax growth, but in Q1 2025, wage growth (5.9%) is lower than personal income tax growth (7.1%)[8][32] - Housing fund contributions are growing faster than wage growth, with a 4.67% increase in contributions in 2024 compared to a 4.04% wage growth for urban non-private units[8][37]