wage adjustment
- Related Tags：
- Ministry of Labor
- economic growth
- minimum wage
- Cost of Living
- living standard
- wage adjustment
Taiwan’s New Minimum Wage Proposal Is Insufficient to Foster Economic Growth
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.