High Income Level Reasonable Only Without Monopoly – Sheng Dalin

From China Youth Daily via Yulun Jiandu, translated by CDT:

Self defense is a right entitled to citizens and organizations, so to employees of power and other industries that have come under fire. But if they produce unreasonable arguments, then it’s a different matter.

When asked whether high income level is justified for the power sector, a industry, an official said, every country in the world has state-monopoly over power. This is obviously not answering the question.

I think the income level for monopoly industries should be kept at mid-range, not high-end. Reason being: low risk should be equated with low return. Monopoly firms won’t go bankrupt, and making money is not a problem. Schools and other not-for-profit danweis, although without high pay, are still envied by many, because the jobs are stable. Working for a private firm can make good money but the risk of being laid off is high.

And the abilities and contributions of power sector employees have no significance to their high profitability. It’s a matter of guaranteed return thanks to monopoly. And monopoly is contributing to waste of resources. The overall profit margin of state assets is only 2%.

Nowadays, employees of power and other monopoly sectors feel “depressed.” Easy, how about just get out of there? To the contrary, inherited employees are getting more and more common in these sectors. Many employees are racking their brains to squeeze their sons and daughters, even grandchildren, into the cushion jobs, why bother? [Full Text in Chinese]

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