Minimum wage hike more effective in boosting consumer confidence: poll

Taiwan News
Date: 2015-11-12
By: Ko Lin, Taiwan News, Staff Writer

Amid the economic slowdown, 70.7 percent of the nation’s labor force believes the minimum

Minimum wage hike better: poll.  Central News Agency

Minimum wage hike better: poll. Central News Agency

wage standard should be raised to help stimulate the economy and boost consumer confidence, reports said Thursday.

A survey released by online job bank yes123 found that 77 percent of employees believe the country’s gross domestic product (GDP) growth for the remainder of the year will remain below 1 percent, while 44.6 percent of those polled say the situation will not fair better next year.

In October, the Chung-Hua Institution for Economic Research (CIER), one of Taiwan’s leading think tanks, said it has slashed its forecast for the island’s GDP growth for 2015 to less than 0.9 percent, which is a cut from an earlier estimate of a 3.04 percent increase in July.

Following the government’s short-term economic stimulus which began November 7, the nation’s workforce however believes raising the minimum wage would be more effective in boosting consumer confidence.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.