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Government to raise minimum wage by 4.08%
The government is set to raise the minimum monthly wage by 4.08% from 1 January 2025. The move will see the minimum monthly wage increase from the current NT$27,470 monthly to NT$28,590 and the hourly rate from NT$183 to NT$190.
The minimum wage was last increased on 1 January this year and the decision to once again adjust it upwards comes after the Ministry of Labor's Minimum Wage Deliberation Committee met on Wednesday.
According to Labor Minister Ho Pei-shan, the planned increase in the minimum monthly wage is expected to benefit 2.57 million workers, including about 368,000 migrant workers while the increase in the minimum hourly wage is set to benefit about 676,800 Taiwanese workers.
The minimum wage hike does not apply to live-in migrant caregivers and domestic helpers, who are not covered by the Labor Standards Act.
Some academics who participated in the review meeting recommended setting the level of wage increase at no less than 4.05%, given the rising consumer price index.
Others argued that the usual practice of adding 50% of GDP growth and the full CPI increase forecast for this year should be respected and that the level of the wage increase should therefore be no less than 4.12%.
Participants representing workers suggested that the increase be set at 4.77%. However, representatives of the private sector recommended an increase of 3%, expressing concern over the "less-than-optimistic" economic outlook.
