Income gap ‘shock’… Financial insurance industry, food and lodging industry, average annual salary difference is 5.3 times

2023-10-01 08:17:47

(Tax and Finance News = Reporter Jin Min-kyung) The finance and insurance industry was selected as the industry with the highest per capita earned income. On the other hand, the industry with the lowest annual salary was the food and lodging industry. The average annual salary difference between the financial insurance industry and the food and lodging industry was 5.3 times.

According to data submitted from the National Tax Service by Rep. Jin Seon-mi (Democratic Party of Korea), a member of the National Assembly Planning and Finance Committee, on the 1st, the number of people who reported earned income as of 2021 was 19,959,148, and the total salary was 803.2086 trillion won. The average salary per wage earner was 40.24 million won per year.

Looking at each industry, the industry with the highest average salary per person was the finance and insurance industry (KRW 89.14 million).

In addition, the average salaries of workers in the electricity, gas and water industry (KRW 74.18 million), mining (KRW 55.39 million), manufacturing (KRW 48.74 million), and real estate (KRW 46.03 million) were relatively high.

In comparison, the industries that reported lower-than-average wages were health care (40 million won), construction (39.15 million won), service industry (36.59 million won), wholesale (36.58 million won), agriculture, forestry and fishing (28.71 million won), retail industry (26.79 million won), and food and lodging industry. There were 7, including (16.95 million won).

In particular, the difference between the finance and insurance industry, which has the highest average salary, and the food and lodging industry, which has the lowest average salary, reached 5.3 times.

Rep. Jin said, “The average salary by industry shows a gap of up to five times more,” and added, “We need a plan for balanced increase in income that takes into account industry characteristics such as work type and work intensity.”

[조세금융신문(tfmedia.co.kr), 무단전재 및 재배포 금지]

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