Table 5: Profits, Marginal Products, Full wage, and Labor Redundancy Rates, 1980-1994 Year Profits/ MPK MPM MPL Full
NVFA Wage (yuan/ (yuan/ (yuan/ (yuan) (yuan) yuan yuan yuan 1980 0.41 0.24 1.45 2,700 1,230 1981 0.31 0.20 1.56 2,440 1,268 1982 0.29 0.22 1.55 2,438 1,316 1983 0.33 0.23 1.56 2,888 1,338 1984 0.36 0.27 1.58 3,159 1,595 1985 0.35 0.26 1.46 3,227 1,599 1986 0.27 0.26 1.48 3,300 1,721 1987 0.28 0.27 1.43 3,630 1,782 1988 0.38 0.25 1.41 3,889 1,829 1989 0.26 0.27 1.38 3,828 1,828 1990 0.07 0.31 1.59 3,848 1,931 1991 0.04 0.22 1.41 3,492 2,009 1992 0.06 0.22 1.46 2,875 2,175 1993 0.01 0.24 1.48 2,635 2,240 1994 -0.06 0.21 1.47 2,156 1,954 Year Median % of Avg.