Labor Structure, Wage and Efficiency of Economic Growth

Abstract

China is faced with the two big structural shifts, which are the aging of low-end labor population and the increase of the absolute number of middle and high-end labor day by day. Through the comparison of different influences that different labor have on the efficiency of economic growth and salary, this paper finds that the shift of the labor structure has affected the wage structure of labor market, namely, in the labor market, the negotiation ability of low-end labor having exceeded high-end labor's; At the same time, this paper proves that most scholars support the investment of middle high-end labor force can improve the efficiency of economic growth better than the investment of low-end labor. It can be concluded that, in China along with the adjustment of industrial structure, the continual rise of the absolute number of middle and high-end labor, to some degree, can make up for the loss in the efficiency of economic growth brought by the aging of low-end labor.