Expectations for minimum wage adjustment
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.