- Related Tags：
- Roy Ngerng
- minimum wage
- GDP per capita
Taiwan’s high profits are eating into labor’s share of the economic pie — and hampering growth.
Taiwan’s Lost Growth (Part 3): Taiwan’s Economy and Profits Have Stagnated Because Wages Have Not Recovered from the 1997 Crisis
The 1997 Asian financial crisis is a distant memory to most countries. But Taiwan hasn’t fully recovered from it because wages have been kept low.
Due to the devastating and prolonged effects of Covid-19, Asian economies are expected to end the year in negative territory for the first time since the 1960s, according to a new report by the Asian Development Bank.