- Related Tags：
- brain drain
- working class
- working overseas
Your daily bulletin of Taiwan news, courtesy of ICRT.
China's lures fuel a sense of insecurity in Taiwan, but many resolvable economic and societal problems lie closer to home.
62.3% of young Taiwanese aged 20 to 35 plan to work abroad, 89.2% of which explain that the low salaries in Taiwan are what drive them to leave the country. While more young Taiwanese intend to work overseas, the Philippines, which has struggled with economic development for decades, has been able to keep its young talent from leaving the country in recent years.
91% of interviewees that have worked abroad say their salary was higher than their last job in Taiwan. In general, jobs overseas offer salaries that are 30% higher than what they can get in Taiwan. This shows a huge gap in salary standards inside and outside of Taiwan.
Taiwan obviously lags behind in the Asia-Pacific region in attracting foreign talent and is facing a serious challenge in ensuring labor supply and retaining technical talents, not to mention the difficulties in maintaining short-term and mid-term economic growth and competitiveness. The report notes that despite regulations concerning the employment of expats have been loosened in recent years, some unreasonable restrictions still exist.