Abstract
Based on the data of China's industrial enterprise database from 2003 to 2013 and the national minimum wage data at county (city) level, this paper investigates the impact of minimum wage policy on China's manufacturing bargaining power. The results show that (1) the increase of minimum wage will reduce the price markup of Chinese manufacturers and weaken the bargaining power of Chinese manufacturers. (2) Compared with the minimum wage adjustment in the lag period, the cost impact of the minimum wage in the current period is more intense in weakening the bargaining power of the manufacturing industry.
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