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How Should Taiwan Learn From Other Countries in Increasing the Minimum Wage? (Part 1)
While many advanced countries have been raising the minimum wage to ensure citizens a decent standard of living, the introduction of the Minimum Wage Act in Taiwan has been postponed again and again.
Taiwan’s Housing Crisis (Part 1): Taiwan’s Housing Prices Are Among the Highest Globally but Wages Are One of the Lowest Among Advanced Countries
In countries with similar housing prices, the minimum wage is two to four times higher.
Taiwan’s Lost Growth (Part 2): How Stagnant Wages are Throttling the Economy
Taiwan has one of the lowest GDP growths since 1995 among emerging economies. This is not going to change if wages don’t grow.
Raising the Minimum Wage Does Not Increase Unemployment.
It makes sense for Taiwan’s businesses to support wage increases. Here’s why.
Lithuania’s Minimum Wage Is More Adequate for Its Cost of Living Than Taiwan’s
Though lower in nominal terms, Lithuania’s minimum wage is more adequate for its cost of living than Taiwan’s, and catching up fast.
Taiwan’s Minimum Wage is One of the Lowest In Its League
Taiwan is a wealthy country. Its recently instituted minimum wage hike does not compare favorably with its international counterparts.
Minimum Wage Increases Are Not Just About Low-Income Workers. Here’s Why.
The minimum wage in Taiwan matters to workers across all wage levels.
Taiwan’s Businesses Can Afford to Contribute More to Social Security
Taiwan’s employers not only pay low wages to workers but also contribute little to the country’s social security. It is one of the lowest among high-income countries as a proportion of the economy.
A Higher Minimum Wage Won’t Lead To Higher Unemployment in Taiwan
Despite what you may hear from business interest lobbyists, the historical data shows no clear correlation between a growing minimum wage and a higher unemployment rate.
NT$25,250 Is Still Not Enough for a Basic Standard of Living in Taiwan
President Tsai increased the minimum wage by a larger percentage in six years than her predecessors in their full eight-year terms, but this is not good enough.