According to BLS's July 18 2023 release, median weekly earnings for full-time workers is $1,100. after seasonal adjustments, it is $1,107. For Hispanics, it is $893. By industry, it is $707 for service occupations.
That means a median earning of
$57,200, $46,436, and $36,764 respectively.
For part-time workers, the median weekly earnings is
$358 total, and $351 for Hispanics. That is $18,616/$18,252 if they were able to get that for the whole year.
The Federal Reserve estimated the informal sector is about 3% of US GDP and employs 5% of the workforce. Due to lack of money, that number may have risen, but these are described as necessary supplemental income and not more than their formal income. From BLS, service occupations are 9% of the workforce. Those numbers don't square with illegal workers having, in general, high pay. Sure there might be a few, but those are exceptions and not the general trend. Not something a prospective Chinese illegal can count on at all.
According to the World Bank, China's PPP conversion factor is 3.99 for 2022.
That means those same US annual wages would be the rough equivalent of:
104.5k, 84.8k, 67k RMB for full-time workers
34k, 33.3k RMB for part-time workers
Just for 104.5k RMB, that is 87.9k RMB and 72.1k RMB post-taxes for Residents and non-Residents of Shenzhen respectively (per tax calculators).
Yea people are really going from China to the USA as illegals and then becoming fabulously wealthy.
Where did I say moving from China to the USA is guaranteed to result in becoming fabulously wealthy? Did I say that, or are you creating more straw men like the others in this thread to try and twist what I posted? I'll help you out though, an annual salary of say $100,000 is not fabulously wealthy. .
Really though, you could have saved yourself a lot of time and just focused on the low general intergenerational mobility in the United States:
" We found that rates of absolute mobility have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s."
", shows that the U.S. has a relatively low rate of intergenerational mobility. For example, all of the Nordic countries, as well as Germany, France, Spain, Japan, Canada, Australia, and New Zealand have higher rates of intergenerational mobility than the U.S. Therefore, in addition to better evidence from the U.S. suggesting that intergenerational persistence is much higher than we thought several decades ago, accumulating evidence from other countries also suggests that the U.S. economy is relatively immobile, particularly when compared with other advanced economies."
The real problem is that all of this is speculative. , the entire data set you collected was not indicative as it concerns Hispanics (including illegal immigrants) which are expected to achieve intergenerational mobility and gain income levels comparable to whites. At the same time children of Asian Americans also trends toward similar convergence in income with whites. But the children of Asian immigrants show large improvement :
"Asian children with parents at the 25th percentile reach the 56th percentile on average, well above white Americans, echoing the widespread perception of Asians as a “model minority” (e.g., Wong, Lai, Nagasawa and Lin 1998). However, the exceptional outcomes of low-income Asian children are largely driven by first-generation immigrants"
*The usual disclaimer about US data and Asians does apply.
The above is because it could be interesting to talk about, as I mentioned earlier: I don't care if Chinese illegal immigration is significant at all or if it is part of some grand conspiracy. I never did, if you think I do, its because you didn't read properly.
Most importantly though which is why I am posting it again, is where did I claim moving to the US guarantees Chinese illegals would become fabulously wealthy? I'm really curious why you are trying to lie about what I posted, since you spent all this time drudging up BLS numbers.