China has enjoyed phenomenal growth in the past few decades, but individual salaries have largely failed to keep pace, according to a recent study. The country’s GDP grew by 75.9% from 2008 to 2015 while salaries rose by just 10.6%, both on an inflation-adjusted basis, according to advisory firm Korn Ferry Institute. The pace of growth of both indicators was the highest in the world, but the gap between the two is also the largest, Caixin reports. In China, senior employees, such as IT managers and chief accountants, saw their incomes rise 22% during the seven years covered by the study. But the pay of entry-level employees – such as clerical workers, network analysts, payroll coordinators and production line supervisors – actually fell, by 1.5%.
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