EMERGING IDEA:Increasing wages to boost growth is a new concept in academia, which has benefited millions in the US, Eric Chu’s spokesperson said
Taipei Times
Daste: Jan 04, 2016
By: Stacy Hsu / Staff reporter
The Chinese Nationalist Party (KMT) yesterday hit back at Democratic
Chinese Nationalist Party (KMT) presidential candidate Eric Chu, center, KMT legislative candidates Lin Wei-chou, center right, and Cheng Cheng-chien, center left, gesture at the crowd at a rally in Hsinchu County yesterday. Photo: Huang Mei-chu, Taipei Times
Progressive Party (DPP) presidential candidate Tsai Ing-wen (蔡英文), who had, during Saturday’s televised debate, criticized KMT presidential candidate Eric Chu’s (朱立倫) proposal to boost economic growth by promoting pay raises, saying that she was “telling bare-faced lies.”
“In 2014, seven Nobel Prize winners urged US President Barack Obama to implement wage increases to drive economic growth. Last year, more than 600 economists also called on the US government to impose a minimum wage hike for the same reason,” Chu’s campaign spokesman Lee Cheng-hao (李正皓) told a press conference in Taipei.
Lee said such a plan was a relatively new concept in academia and has been welcomed in the US, where more than 7 million workers have benefited from its application. [FULL STORY]
