The China Post
Date: March 13, 2017
By: Kuan-lin Liu
Workers of all ages have their work cut out for them in Taiwan, where chronic overwork
and stagnant wage growth have squeezed employees for decades.
Millennials have found themselves facing additional challenges, as new technology and the changing economy shift the skillsets sought after by the market.
Last year, 57 percent of Taiwanese businesses hired entry-level employees — a 19 percent drop from the previous year’s 76 percent. Job Bank 1111 Deputy General Manager Lee Da-hua (李大華) attributed the decline to the poor economy in 2016, saying that small and midsized companies had generally turned away fresh graduates with little professional experience.
Given that nearly all businesses in the country are either small- or medium-sized corporations — 97.67 percent — this puts millennials between a rock and a hard place when looking to enter the workforce. [FULL STORY]