Comprehensive well-being! The reporter was informed that your city has achieved remarkable results in the exploration and practice of innovative precision poverty alleviation to realize comprehensive well-being. May I ask Secretary Hou, what are the characteristics of your city in this regard? Hou Xiaochun: Since the 18th Party Congress, General Secretary Xi Jinping has put forward the "Four Comprehensives" strategic layout, which enriches and develops Deng Xiaoping's "moderately prosperous society" strategic concept. In order to build a moderately prosperous society in all aspects, the most arduous task is to fight against poverty. Poverty alleviation and development has advanced to the present day, and the most important thing is precision. Innovative and precise poverty alleviation, to realize the overall well-off, is the current and future period must crack the subject. Guang'an is the Qinba Mountain special hardship area and the western hilly area, is also the "well-off society" strategic conception of Comrade Deng Xiaoping's hometown, in-depth exploration of precision poverty alleviation of innovative practices, will be sublimated into a systematic mechanism, innovation to promote poverty alleviation and well-being is of great significance, but also for other poor areas to promote poverty alleviation, so that the fruits of development of the whole people to share. It can also provide reference for other poor areas to promote poverty alleviation and share the fruits of development with all people.2023-07-07
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Securities firms per capita122$10,000 a year. Why is that so high?
Reporter: Xiong Lingdiao
According to the "Daily Economic News" reported that with the performance of the Grand Slam, listed brokerage firms employee compensation rose. Headquartered in Futian District, Shenzhen, China Merchants Securities per capita salary have exceeded one million! Why are salaries in the financial industry so ridiculously high, and what is behind the millions of annual salaries?
Why is the financial sector so high, and when we ask such a question, we step into a Marxist"Heaven rewards the diligent."Misplaced values (no Marxist praise or blame). First, we see that the million is an annual salary, a paycheck. In a current general rule, salaries tend to be tied to how much profit their employees generate, not that whoever works hard is going to get paid more than in finance.
Whether it's the financial sector orITAlso, we tend to focus excessively on industries that are low-cost and high-income. In fact, looking at all industries earn money, than finance,ITMore real-money industries abound, such as tobacco, communications technology, air transportation, and so on (data from the China Labor Statistics Yearbook)3-1(Part of the sub-industry employment and payroll). Only either some industries are so low-profile that you can hardly notice, or their large-scale material investment makes you feel that this money they earn should be, for example, to build a car, the group needs to set up factories, buy patents, hire people to research and develop, the automobile industry earns more money you will think it is worth, because they have real material research and development investment. And back to look at the financial industry, a few computers, a bunch of paper documents can earn the same amount of money. So when we question why the finance industry is overpaid, it comes with an"Is it opportunistic"(math.) genus"Inputs and income"Unlinked biased thoughts?
Of course, this kind of thinking I also exist, see these people as long as the fingers, office environment is also elegant high-income people, often also for the farmers uncle, sanitation workers feel sigh. However, the individual, and even the organization can create a lot of value, but the salary and value is not proportional, the key is still to see how much profit you actually bring to the company.
There are no factories, no machines, and no need for scientific research and development, yet they can make more money than scientists. Is this the image that the financial industry currently holds in most people's eyes? Yet herein lies the problem, many times companies and businesses that can cut back on costs naturally have higher employee pay and benefits. Because there are no other facilities to invest in, people become finance,IT, services and other core investments in the industry.
How much money you make for solving a problem
Jack Ma once said in a speech that the existence of enterprises is to solve problems for society, and if you can solve bigger social problems, you can earn more money. So how many problems has the financial industry solved for society?
"They don't produce money, they're just money movers."Applying the advertising slogan of Nongfusanquan to financial practitioners is quite appropriate. The significance of the existence of finance is to create profits through the rational allocation and scheduling of resources. So how much of a social problem have resource allocation and scheduling actually solved?
We can look at two examples. The first example is a cooking oil processing company that makes a profit from selling cooking oil. The market is unpredictable, as the raw materials for their cooking oil, soybeans, canola corn, the price of these materials rose completely unpredictable, which is a nightmare for the company's financial and planning development. But if at this point, companies run to the futures market to do more agricultural contracts, if what soybean corn prices rose, the money earned from futures can make up for the financial losses in the import of raw materials. If the futures of soybean and corn what a loss of money, then in turn, the enterprise procurement of raw materials prices are cheaper, the two can make up for each other. In this way, it can be said that in the edible oil company stepped into the futures market that moment, he controlled the price of raw materials, for the development and planning of enterprises are benign. I don't know if I can explain it in this way, can we understand it more thoroughly?
The second example is insurance, which we are all familiar with. For example, in the case of accident insurance, everyone puts in a little bit of money for accident insurance, so that if someone meets with an accident, he or she can receive a portion of the subsidy from the insurance company, and this subsidy is far greater than what you have put in. Of course, no one in this world does that many stupid things, and there won't really be that many accidents. The insurance company makes up for the majority of the premiums of those who have no accidents by dispatching funds to those who have suffered accidents, and generates profits through this allocation of resources. For every insured person, insurance can avoid the risk and benefit people.
There is no financial industry, want to buy a house nowhere loan mortgage, want to start a business without capital, want to expand the business is difficult to finance, want to travel abroad money can not be used out and so on and so forth. How much social problems to solve, how much money to earn. The financial industry from small to individual, large to cover the whole society, fine to life, huge to national progress, little by little, all walks of life can benefit. Naturally, it earns more money.
What are financial industry salaries really like, and are million dollar a year salaries real or fake?
In the financial industry, as in all industries, the people who really make money are the elite people at the top of the upper echelon. Whether it is manufacturing, service industry, or real estate industry, the average salary is not low. Most of the millions of annual salary of the financial industry is just a small circle of the market, the salary of millions of basis can also be found. It must be recognized that the financial industry is indeed higher than the general industry, but not so exaggerated. Finance also has many subdivisions: such as banking, insurance, leasing, securities, trust. In one of the most lucrative segments to dig a number of top-of-the-pyramid talent salary statistics, that is indeed a lot. But we must see is the financial industry a few days ago, there are still a large part of the grassroots practitioners running around, they flirt with self-proclaimed"financial migrant workers". From14A statistical breakdown of financial industry salaries in 2007 showed that entry-level positions in the financial industry hovered around the5000Up and down, some of the senior institute analysts are just barely breaking $10,000, but of course it very much depends on their city and criteria.
The financial industry is very hard, I have the honor to know a friend, now in the financial circle annual salary50million or more. Yet she left the house at seven o'clock every day and was lucky to get out of the office that day, often not returning home until one to two o'clock in the morning of the following day. During those first years in the workforce, she also desperately tried to learn English, and went on to get an IELTS score of eight (close to perfect) as well as the most difficultACCAQualifications. I believe that no matter what industry you are in, if you have such a fighting spirit, you will not be able to get a lower salary anywhere.
Highly paid financial professionals are the elite
As far as the current set of unsupported statistics are concerned, almost eighty percent of the highest paid financial practitioners have a fairly advanced degree. Not only that, but these high-paying practitioners need a certain background and connections, otherwise earning a million dollars a year would still be very far away.
In connection with the special nature of the financial industry, a certain image and credit are required, so most of the financial industry in the market has set up a high threshold for entry into the industry, and in addition to the education, the evaluation of an individual's credit as well as ability is very complicated. In addition, compared to face-to-face services with traditional industries, theITIn the financial field, a senior programmer or financier they can refract more, even thousands of customers, although the workload and the traditional industry is not comparable. However, the platform advantage cast its particularity, but also destined to serve more people, solve more problems, this group of people to higher income. It's worth mentioning that there is a portion of the financial industry that requires mastery of the"skill"It's not that high, there are many times when most of the matters that a financier can do, a senior accountant can do as well, but the difference in income between the two is a hundred thousand miles. The truth is that the finance industry needs more of a conduit and"guanxi"I'll take the next one.IPOBig orders can have the skill of convincing battle-hardened entrepreneurs. That's why highly paid practitioners in the financial industry are not only highly educated, but also have a certain degree of interpersonal relationships, so let's call these people the elite.
Looking squarely at the financial sector and the broader future
Living in China, it is hard to say that you are not influenced by materialism. As early as in ancient China, there was an ideology that farmers worked hard to cultivate crops, and then they were dumped by merchants to sell them in the market and made a lot of money instead. So we all feel that the merchants themselves did not create any crops, but earned more money than the working people, so everyone will be a group to despise the merchants, we call this feudal ideology of agricultural and business repression. Even after the Song Dynasty, this kind of prejudice was even more enthusiastic, and as a result, when we held on to our old ideas and faced the advanced culture of modern Western powers, we came to a sad and painful end.
Returning to the present, this"stress agriculture and suppress commerce"The biased thinking still exists, it just continues to take root in a different form. For example, the idea that traditional large manufacturing industries need to make more money than small businesses, or else small businesses are"The Wolf of Wall Street."Doing the pothole business, even the CCTV exposure of a series ofP2P, various financial scams have deepened the perception of the financial industry in general among outsiders.
But the fact is that there are a large number of dedicated financial practitioners, both in China and overseas, who are driving the development and progress of society. A proper view of new industries and new models, expanding into the future, is what every quality citizen should have. Prejudice and old ideas often bind themselves, let people backward, this article is also I saw this "Guangdong Securities million annual salary" under the variety of comments want to write out to express the original intention. Remembering the lessons of history, let us embrace the world with a broader mind!