By: Milly Lin, Hsu Chih-wei and S.C. Chang
Taipei, Dec. 27 (CNA) Business group leaders and academics said the economic
goals set by presidential candidates during their first TV debate Sunday are difficult to achieve, based on the strategies they proposed for reaching the targets.
For example, Koumintang (KMT) Chairman Eric Chu’s wage increase proposal is very difficult to realize and, even if done, could lead to a “malicious” inflation, said Wang Ying-chieh, chairman of Taipei Chamber of Commerce.
A senior executive at the National Association of Small & Medium Enterprises, ROC said when the economy is in a slump, how could business owners increase wages for their employees? Besides, he added, pay increase will involve the legal cost for business operators.
The association executive, who requested anonymity, also questioned the feasibility of Democratic Progressive Party Chairwoman’s proposal to throw state power behind the high-tech sector to counter China’s threat of “red supply chain.” [FULL STORY]