Live streaming is now the best-paying job for fresh Chinese graduates amid a shifting economy
- Monthly income for live-streamers in 2021 is nearly double the average salary of new graduates in China last year, according to a 58.com survey
- China recognised live-streaming sellers as an official occupation for the first time in 2020, but the industry has faced scandals, bringing regulatory scrutiny
Newly minted live-streamers and other independent online content creators, referred to as “self-media” in Chinese, have been able to earn an average monthly salary of 14,682 yuan (US$2,280) this year, according to a survey that includes recent graduates of vocational training and universities at all levels, with 64 per cent of respondents being undergraduates.
The second-highest paying occupation for new graduates this year is in design, with an average monthly salary of 9,933 yuan. It is closely followed by research and development and technology, which pay an average of 9,867 yuan and 9,845 yuan, respectively
Overall, the average monthly salary for fresh graduates this year is 8,720 yuan, up from 7,839 yuan last year and 6,423 yuan in 2019, according to the survey. Jobs related to information technology and the internet were the most popular in all three years.
Chinese regulators tighten grip on live-streaming e-commerce, intensifying scrutiny on tech
Live streaming was already thriving in China before Covid-19, but when the pandemic forced millions of people to do their shopping at home, live-streaming e-commerce boomed.
Live-streamers can make money in various ways, including endorsing products and accepting tips from viewers. For some, hawking wares online has turned them into online celebrities. Others just see it as an easy way to make quick cash.
Without a high-profile controversy to attract viewers, though, the big bucks do not come easy. Most of the 130 million live-streaming accounts in China last year only made between 3,000 and 5,000 yuan per month, according to a report from the China Association of Performing Arts.