Minimum wage to increase again this year: Taiwan Labour minister

21-Feb-2019 Intellasia | Taiwan News | 6:00 AM Print This Post

President Tsai envisions eventual minimum monthly salaries of NT$30,000

Taiwan’s minimum wage will continue to rise despite unfavourable domestic and global economic conditions, promised the country’s labour minister Tuesday.

An evaluation committee is held every August in Taiwan to decide whether or not to raise the minimum wage, with adjustments taking effect the next year. The corporate world has voiced concern over slow growth this year and cautioned against a hike in minimum wage, reports UDN.

While acknowledging calls by the industry to refrain from pushing for a monthly pay rise, Labour minister Hsu Ming-chun stated that an increase is to be expected, but the extent of the increase hinges on a number of factors. Discussions on the matter will proceed between representatives from the government, academia, industry bodies and labour unions, she added.

Since President Tsai Ing-wen assumed office in 2016, the government has overseen three consecutive years of minimum wage increases; up 5 percent each year on average. With the island gearing up for a presidential election in 2020, the raise would surely woo voters, UDN writes.

As of January 1, the monthly minimum wage was increased from NT$22,000 to NT$23,100, while the hourly minimum wage was hiked from NT$140 to NT$150. Tsai has made clear she hopes the lowest monthly salary for labourers in Taiwan will some day reach NT$30,000.

Factors taken into account in last years’ discussions included price index for basic household goods, economic growth rates, and the labour productivity index.

https://www.taiwannews.com.tw/en/news/3641344

 


Category: Taiwan

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