Taiwan minimum wage
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Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?
When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.
Though the GDP per capita in Taiwan may be on pace to grow, few gains will be felt by workers.
There’s been a campaign waged by business groups against a minimum wage hike in Taiwan. Don’t fall for what they’re saying.
It is time for Taiwan to restore balance in the economy by lifting the minimum wage significantly. If the government does not do so, it is like asking workers to sacrifice as they struggle to afford the cost of living.
Taiwan’s proposed minimum wage increase is still lower than the minimum wage in countries with comparable GDPs per capita, what a plurality of Taiwanese think, and what Taiwan’s own political leaders say it should be.