How much do Chinese Apple factory workers make?

How much do Chinese Apple factory workers make?

Taking a conservative estimate of (12 hours/day, 30 days per month) workers earn approximately 10.13 yuan/hour, or roughly $1.62 per hour. This is less than half the recommended living wage of about 3.77 per hour.

How much do factory workers get paid China?

The average pay for a Factory Worker is CNY 47,908 a year and CNY 23 an hour in China. The average salary range for a Factory Worker is between CNY 37,390 and CNY 57,342. On average, a Less Than HS Degree is the highest level of education for a Factory Worker.

How much does China earn from Apple?

Apple’s earnings for Greater China in Q2 2021 were up 87.5% from this time last year, to $17.7 billion. During its latest earnings call, Apple has announced dramatically increased revenues from Greater China for the three months ending March, 2021.

How much do factory workers make in China 2020?

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.

Why is labor so 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 considered a good salary in China?

The median salaries in the top paying sectors were RMB 25,274 (USD 3,610) per month in 2017, an increase from RMB 24,305 (3,472) in 2016. I’d say that you should earn at least RMB 20,000 if you want to live in a 1-Bedroom apartment in the central areas and save some money every month.

Is Apple iPhone assembled in China?

It currently assembles the majority of Apple’s iPhones in its Shenzen, China, location, although Foxconn maintains factories in countries across the world, including Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines.

What is a livable wage in China?

Living Wages in Context (monthly rates in CNY)