Employment Structure - China's service industry employment ratio is not low compared to 43 economies, but it is still lower than high-income economies, particularly in health and social work, and real estate sectors[2] - The employment ratio in the construction industry is close to that of high-income economies, indicating that the real estate development market is nearing saturation, while the real estate operation market has significant expansion potential[2] - The employment distribution shows that as of 2024, the employment ratios in the primary, secondary, and tertiary industries are approximately 22.2%, 29.0%, and 48.8% respectively, indicating room for growth in the tertiary sector compared to developed economies[14] Wage Comparison - In 2022, China's average monthly wage was approximately $1434.8, which is below the average of $2690.1 for 43 economies, placing it in a medium-low wage category[28] - The highest-paying industry in China is information and communications, with an average monthly wage of $1533, while the lowest is agriculture, forestry, animal husbandry, and fishery at $526.9, resulting in a wage disparity ratio of 2.9, higher than the average of 2.5 for 43 economies[31] - The wage levels in the education and real estate sectors are relatively low, with average monthly wages being 2.3 and 2.4 times the minimum wage, respectively, which is below the average ratios of 2.9 and 2.6 for 43 economies[32] Policy Recommendations - Employment policies should focus on enhancing the service sector's role as an employment reservoir, facilitating the transition of labor from primary and secondary industries to the tertiary sector through targeted training programs[33] - There is a need to raise the minimum wage standards, aiming for an annual growth rate higher than economic growth and to increase the minimum wage to about 50% of the average wage, aligning with international standards[35]