Expectations for minimum wage adjustment

29 August, 2022

Courtesy of ICRT


The majority of the industry sector has said they can only accept a minimum wage raise at below 3% for next year.


According to a recent survey done by the National Federation of Industries, 76% of its members said if the Ministry of Labor (MOL) decides to increase basic wage again, the maximum they can take is 3%.


The NFI's poll also shows that 56% of its members' earnings declined during the first half of the year, and 64% had a pessimistic outlook for next year's economy.


The federation says most of the majority of members who responded to its survey were small- and medium- businesses, indicating their concerns about the MOL's upcoming Minimum Wage Committee meeting, slated for 1 September.


By contrast, labour groups are calling for a basic wage increase of 4.8%, to NT$28,000 a month from the current NT$25,250 and they say the hourly pay should also go up to NT$186 next year from today's NT$168.

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