- Related Tags：
- manufacturing sector
- non-manufacturing sector
- minimum wages
- Taiwan politics
- Taiwan 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 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.
China's lures fuel a sense of insecurity in Taiwan, but many resolvable economic and societal problems lie closer to home.
In the first of a 5 part series, Justin Hugo looks at how statistics suggesting the Asian Tiger economies have caught up with their Scandinavian counterparts mask a more sobering wage-based reality.
Business groups simply do not want to show any respect when it comes to raising their workers’ wages, and it's time to start protecting workers in Taiwan.
As Taiwanese businesses are unwilling to increase wages for the want to hold onto their profits, they are also complicit in causing themselves to lose demand, and therefore their business sustainability. The government needs to act.
Sun Yat-sen believed that the benefits from natural resources, monopolies and property should be shared amongst all citizens. This is precisely the philosophy behind UBI, argues Tyler Prochazka.