The China Post
Date: February 20, 2017
By: Sun Hsin Hsuan

TAIPEI, Taiwan — Industries responded overwhelmingly negatively to the new labor law implemented last December, with almost half of the businesses seeking to raise prices, a survey released on Sunday indicated.

“All of the industry’s fears (before Legislature passed the amendment) came true,” Chinese National Federation of the Industries Secretary-General Tsai Lien-sheng (蔡練生) said on Sunday.

The survey was conducted from Jan. 20 through Jan. 26 regarding how businesses were affected by the new labor law.

It was launched in joint efforts by seven leading industrial associations in the country including the Chinese National Federation of the Industries and the General Chamber of Commerce of the Republic of China. There were 735 valid questionnaires filled out.

As many as 46.3 percent of the businesses said they were considering raising product or service prices to counteract to the new labor law, with the price increase averaging around 10 percent.    [FULL  STORY]