Real wages in Taiwan down in first quarter of year

Taiwan News
Date: 2016-05-23
By: Central News Agency

Real wages and earnings in Taiwan were both down in the first quarter of 2016 year-on-year, hurt by lower year-end bonuses and only small gains in salaries, according to government statistics released Monday.
Average real monthly wages, which are adjusted for inflation, fell 0.21 percent from the same period a year earlier to NT$37,409 (US$1,145), the Directorate General of Budget, Accounting and Statistics (DGBAS) said.

Average real monthly earnings, which include regular wages and irregular income such as bonuses and overtime pay, were down 3.25 percent in the first quarter from a year earlier at NT$57,157, the DGBAS said.

Even before adjusting earnings for inflation, average monthly earnings were down 1.56 percent year-on-year in the first quarter at NT$59,580, the statistics showed.     [FULL  STORY]

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