Focus Taiwan
Date: 2018/05/14
By: Pan Tzu-yu and Elizabeth Hsu

Taipei, May 14 (CNA) The leaders of two major Taiwanese business associations urged the government to respect the market mechanism and the management autonomy of companies as it tries to promote wage growth.

“I believe (wages) will rise naturally if the government focuses more on economic stimulus plans and tries harder to devise good (economic) policies,” said General Chamber of Commerce Chairman Lai Cheng-yi (賴正鎰) on Monday.

He was responding to strategies proposed by the Cabinet earlier in the day to fix the country’s low-wage problem.

The strategies, aimed at increasing the wages of low-paid workers, included hiking the minimum pay for government employees to NT$30,000 (US$1,000) a month, encouraging or pressing private firms to follow suit, and raising the hourly minimum wage from NT$140 to NT$150.    [FULL  STORY]