non-manufacturing sector
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- Taiwan
- Wages
- manufacturing sector
- non-manufacturing sector
- profits
- South Korea
Taiwan’s Focus On Low-Cost Manufacturing Has Led to a Lack of Innovation in Its Economy
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 Slow-Growing Minimum Wage for Manufacturing Labour is Dragging its Economy Behind
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.