(Bloomberg) – China’s State Council has outlined a new employment plan aimed at 55 million urban jobs by 2025, better rights for workers and strengthening workforce training.
The unemployment rate will be limited to 5.5%, wages will be increased as part of gross domestic product and the average age of education of the working population will be increased, said the Council of State, l ‘equivalent to a government cabinet. a detailed plan released late Friday.
Beijing is committed to making employment one of the top priorities of its economic policies, a goal that has gained more importance recently, as authorities make a greater effort to reduce inequality to achieve “common prosperity.” “. Part of that includes improving workers ’rights, especially in industries like technology, which was warned Friday by a high-alert court over the culture of overwork.
With regard to workers ’rights, the government undertook to supervise companies to adopt working hours in accordance with the law and ensure that employees have free time. It was also committed to reducing discrimination in the workforce, encouraging employers to adopt flexible policies for workers caring for infants, and providing vocational training to women who left the workplace to give birth.
A new focus of the employment plan is the commitment to increase the share of wages of workers in the economy, a measure that would reduce the income gap. Beijing is committed to increasing labor compensation for workers, especially front-line workers, and at the same time increasing wage and labor productivity.
Authorities also seek to increase skill levels in the economy, especially through vocational education. The average number of years of education in the working age group will increase to 11.3 years, from 10.8 years. As the only mandatory goal among the 10 goals listed, it points to the nation’s efforts to upgrade its manufacturing sector and increase the value chain.
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