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Roy Ngerng (鄞義林) writes on social issues and equality. He was named a Human Rights Defender by the United Nations and believes that human rights and social justice will enable fairer, happier, and more compassionate societies.
Comparisons show that presidential candidate Hou Yu-ih's minimum wage proposal of $33,000 would result in faster growth than under current president Tsai Ing-wen. However, it is important for voters to demand a specific timeline for this increase.
The Ministry of Labor has decided to increase the minimum wage in Taiwan from $26,400 to $27,470 for the future year. However, critics argue that this may not be enough to ensure a basic living standard nor foster economic growth.
The contention of Lin Por-fong, chairperson of the Third Wednesday Club, to tie minimum wage growth to GDP growth is criticized. It is argued that Taiwan’s economy can only expand if the minimum wage is raised at a faster pace.
Taiwan’s stagnant wages have led to economic growth stagnation, putting it at risk of having the lowest minimum wage among advanced countries.
On September 8th, the Basic Wage Deliberation Committee will convene its annual meeting to review the new level of the minimum wage for the year 2024. The latter part of the article explains the fringe benefits that an increase in the minimum wage will bring to Taiwan's society.
Local labor groups have urged MOL to raise Taiwan’s minimum wage to no less than NT$27,600. This first part of article outlines 10 reasons why hiking the minimum wage will benefit all walks of life in Taiwan.
If Malaysia wants to become one of the 30 largest economies globally, one way it can do so is to implement a seven-year plan to raise its minimum wage.
Singapore’s progressive wage model only reinforces the income divide, so instead of following suit, the Malaysia’s government shall implement multi-year plan to raise the minimum wage.
Taiwan’s manufacturing profits are growing disproportionately faster than non-manufacturing profits, which has resulted in a loss of innovation and diversity in the economy.
Taiwan’s suppressed minimum wages have made its manufacturing profits grow one of the fastest among advanced countries but, at the same time, hampered Taiwan’s overall economic growth.