LOSE-LOSE SITUATIONMild inflation is expected this year, but regulatory measures would not be activated until inflation reaches 2 percent, the central bank said
Taipei Times
Date: Jan 05, 2017
By: Chen Wei-han / Staff reporter
The labor law amendments could improve working conditions, with only limited impact on consumer
Cabinet spokesman Hsu Kuo-yung, third right, and other officials yesterday participate in a press conference at the Executive Yuan to address the issue of commodity price hikes. Photo: CNA
prices, the Cabinet said yesterday, rebutting what business leaders said were the side effects of the “lose-lose legislation.”
Defending amendments to the Labor Standards Act (勞動基準法), which stipulates a five-day workweek and higher overtime pay, the Executive Yuan said the legislation is a major improvement in general working conditions, while the impact on businesses is acceptable to labor-intensive industries.
Chinese National Federation of Industries secretary-general Tsai Lien-sheng (蔡練生) on Tuesday said the amendments were a “lose-lose” legislation that hurt employers, workers and consumers with increased personnel costs, lower salaries due to fewer working hours and rising consumer prices.
“That employers quibble with employees [over overtime pay] is what makes it a lose-lose situation,” Vice Premier Lin Hsi-yao (林錫耀) said, calling on businesses to take care of their employees. [FULL STORY]
