Radio Taiwan International
Date: 2018-08-17

Premier William Lai said Friday that a raise in the minimum wage should

help boost Taiwan’s economy.

Lai’s words came after a review committee announced that the minimum wage will go up by 5% from January next year.

Lai thanked both employers and employees for their hard work in the last year. He said he hopes the work force will continue to work hard and strengthen the economy.

Lin also responded to speculation that higher wages may drive up the prices of goods and services. He said government figures suggest the wage adjustment will have a minimal impact on inflation. He said the government will work to keep inflation stable to allow the public to enjoy the benefits of higher wages.    [FULL  STORY]