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Chinanews, Beijing, Aug 22 – In order to get an overall picture about how housing price affects white collars, ChinaHR.com, a large human resources website in China, carried out a survey last Sunday. The result of the survey shows that many white collars belong to the group that is most vulnerable to the high housing price. High housing price not only makes them pay more, many people indeed spend much less on things that might otherwise be helpful for upgrading their career capabilities1.
Due to the high housing price, many white collars have had to cut down their spendings on other items, such as career training, further study and personal hobbies. This has made wage earners, especially white collars become the group that suffer most from the high housing price, said Zhang Tingwen, a human resources expert at ChinaHR.com. When asked how much income should one make in order to pay for a house, respondents in China's middle region say an annual income of 50,000-80,000 yuan might be “appropriate.” This means that faced with the current housing price, a white collar in China's economically prosperous regions will have to make at least 8,000 yuan a month in order to buy a house. For people working in less-developed regions, they will still have to make at least 4,000-5.000 yuan a month, a wage level that far exceeds the current actual wage level in society.
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