The reform of China's endowment insurance system has been carried out for more than 20 years. Although a pension security system covering the whole society has been formed, there are outstanding problems that are eager to expand the coverage and ignore the sustainability of the system. Let's discuss 2019's personal views on China's pension system! The current situation and development of China's pension system.
At present, China's social endowment insurance income is relatively small, which is due to the small number of endowment insurance funds subsidized by the state. In essence, China's tax level is less than the United States and other western developed countries. But the problem is that China's level of science and technology manufacturing industry is worse than that of the United States and other western countries, with low wages, long working hours and high labor intensity. So you know, the key lies in the country's poor science and technology and comprehensive competitiveness, large population, poor quality of labor force and poor machinery for production materials.
So you know, if the social endowment insurance has to be borne by individuals, then these people who pay have already been very reluctant to pay more, can they bear it? If the state increases investment in the state, where will the money come from?
Increasing taxes is not yet putting more pressure on workers. If it doesn't change, then there's really little money.