Yes. The version below is a response specifically to “Don’t just look at nominal wages, also look at actual consumption power/purchasing power”.
I’ve tightened the scope to be as intuitive, concise, and ready-to-share as possible.
First, one note: there is no single unified methodology for cross-national “median wage.” The table below uses representative monthly wages of ordinary workers/employees in each country in recent years, then combines actual working hours and IMF PPP (purchasing power parity) conversion, focusing on three things:
nominal monthly income, PPP monthly income, PPP hourly wage. PPP isn’t a miracle cure, but it’s closer to “how much you can buy in the country” than merely looking at exchange rates. IMF defines “implied PPP conversion rate” as “domestic currency / international dollar,” i.e., converting different currencies to a common purchasing power standard. (IMF)
Version that can be directly shared
Many people say: don’t just look at wages, also look at “actual consumption power” and “purchasing power.” This is true. So this time we don’t just look at nominal wages; we place wage + working hours + PPP purchasing power together.
I. Core table: nominal wage, purchasing power wage, purchasing power hourly wage
| Country |
Representative monthly wage |
Representative working hours |
Nominal hourly wage |
PPP conversion rate (domestic currency / international dollar) |
PPP monthly income |
PPP hourly wage |
| China |
4000 yuan |
approx. 212 hours/month |
18.9 yuan/hour |
3.37 |
1187 international dollars |
5.6 international dollars/hour |
| Malaysia |
2793 ringgit |
approx. 201 hours/month |
13.9 ringgit/hour |
1.38 |
2024 international dollars |
10.1 international dollars/hour |
| Mexico |
8000 pesos |
approx. 186 hours/month |
43.1 pesos/hour |
10.78 |
742 international dollars |
4.0 international dollars/hour |
| Brazil |
3215 reais |
approx. 168 hours/month |
19.1 reais/hour |
2.62 |
1227 international dollars |
7.3 international dollars/hour |
| Turkey |
23000 lira |
approx. 144 hours/month |
159.4 lira/hour |
20.1 |
1144 international dollars |
7.9 international dollars/hour |
How to read this table?
- PPP monthly income: closer to “how much you can buy in a month with this wage in the country.”
- PPP hourly wage: closer to “how much living material you can exchange for one hour of work.”
- Looking at these two numbers together is closer to reality than wage alone. (National Bureau of Statistics)
II. The most intuitive chart: PPP monthly income comparison
PPP monthly income (international dollars)
Malaysia 2024 ████████████████████
Brazil 1227 ████████████
China 1187 ████████████
Turkey 1144 ███████████
Mexico 742 ███████
III. The most crucial chart: PPP hourly wage comparison
PPP hourly wage (international dollars/hour)
Malaysia 10.1 ████████████████████
Turkey 7.9 ███████████████
Brazil 7.3 █████████████
China 5.6 ██████████
Mexico 4.0 ███████
IV. Now look at “who’s losing time”
Representative monthly working hours
China 212 hours ████████████████████
Malaysia 201 hours ███████████████████
Mexico 186 hours █████████████████
Brazil 168 hours ███████████████
Turkey 144 hours █████████████
V. What do these data imply?
First, focusing only on “actual consumption power” does not show China as having a clear advantage.
According to this representative approach, China’s PPP monthly income for ordinary workers is roughly on par with Brazil and Turkey, but clearly lower than Malaysia; if you look at PPP hourly wage, China is clearly lower than Malaysia, Brazil, and Turkey. In other words, Chinese workers are not “unable to buy things,” but must work longer hours to buy roughly the same goods. (National Bureau of Statistics)
Second, China’s real disadvantage isn’t just monthly wage, but the long working hours diluting purchasing power.
The NBS reports that in 2024, average weekly hours worked by employed persons were 49 hours in China; Brazil’s ILO data is 38.9 hours; Malaysia 46.3 hours in Q4 2024; Turkey’s annual hours from OECD report is 1732 hours; Mexico’s annual hours from OECD report is 2226 hours. When these hours are accounted for, China’s “time-based purchasing power” becomes unattractive. (National Bureau of Statistics)
Third, if someone says “China’s prices are low, so Chinese workers are actually doing well,” that’s only partly true.
PPP does reflect that domestic price levels aren’t as bad as nominal exchange rates may suggest, but PPP already accounts for lower relative prices. Even with this adjustment, China’s ordinary workers’ PPP hourly wage remains among the lower end of this group of countries. In other words, China’s “low price advantage” is largely eaten away by low wages and long working hours. (IMF)
VI. One-sentence summary
To assess “actual consumption power,” you can’t ask only how much money you take home in a month; you must ask how many hours you must trade for that money.
Put wages, prices, and hours together, and the conclusion is straightforward:
China’s workers’ problem isn’t just low wages; under a not-advantageous purchasing power, they must also devote longer working hours.
VII. A compressed version suitable for direct reply to jqr
You’re right to raise this, so I’ve added a version comparing “wage + working hours + PPP purchasing power.” Looking only at nominal wages is misleading, and looking only at “low prices” is also misleading. What matters is:
- PPP monthly income: how much one month’s wage can buy locally
- PPP hourly wage: how much living material you can obtain for one hour of work
- Monthly hours: how much time is spent for this wage
By this metric:
- China: PPP monthly income about 1187 international dollars, PPP hourly wage about 5.6 international dollars
- Brazil: PPP monthly income about 1227 international dollars, PPP hourly wage about 7.3 international dollars
- Malaysia: PPP monthly income about 2024 international dollars, PPP hourly wage about 10.1 international dollars
- Turkey: PPP monthly income about 1144 international dollars, PPP hourly wage about 7.9 international dollars
- Mexico: PPP monthly income about 742 international dollars, PPP hourly wage about 4.0 international dollars
So the question isn’t merely “Is the Chinese wage low?” but: Even considering purchasing power, the amount of living material obtained per unit of labor is not high; coupled with long hours, this further compresses living standards. (National Bureau of Statistics)