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ShanghaiTEFLer comments on Teaching English in Shanghai - Less Wrong
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If you're working 8 hours a day, 30 days a month, that would mean you make 100 RMB per hour. But you said the minimum rate to charge is 150. Are you including unpaid hours in your 9 - 5?
Monday to Friday I am actually teaching for an hour and a half a day. If you're getting paid by the hour don't take less than 150. I'm getting paid by the month at that job. When I was working in public schools I'd teach maybe five 35 minute lessons and one hour long lesson a day. So I'd get paid for three hours fiftyfive minutes though I was there from eight to three. You can still save quite a bit.