
The resurgence of middle-class individuals falling into poverty has become commonplace
39 Video Views·Mar 30, 2024
China's economy is sluggish, the real estate market has collapsed, local governments grapple with debt crises, and discussions around unemployment and salary reductions are gaining momentum. On the 27th, "sudden dramatic salary cuts" became a trending topic.
Netizens shared their perspectives:
"The salary cuts came out of the blue. Some saw their salaries halved overnight."
"It's not just a cliff edge; it's a continuous decline."
"It's not merely salary reductions; many are being laid off directly."
"Businesses are collapsing like cliffs, leading to massive layoffs."
"The real estate sector is particularly struggling. Over 800 employees in my husband’s company saw their after-tax salaries drop from 10,000 yuan to less than 2,000 yuan."
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