sentences:  They will continue to rise as minimum wages and social welfare improve, adding that on top of the 13 percent annual increase in the minimum wage as set in the 12th Five-Year Plan (2011–15), mandatory social welfare will add another 35 to 40 percent to the payroll cost.Because there is a large supply of workers, especially in rural sector, wage growth for unskilled labor will grow slowly.At the same time, “wage growth for skilled labor will also likely taper off because of the convergence of college wage premiums to international standards in recent years and the anticipated robust supply of university graduates and professionals returning from overseas”.