Taiwan economy: an aging tiger in need of cubs

Reuters
Date:  Dec 27, 2015
By: Faith Hung

Jason Tsai is among the few in Taiwan with excellent English,

People throw smoke grenades during the annual Labour Day protest in front of Presidential Office in Taipei, Taiwan, in this May 1, 2015 file picture. The head banner reads, "shorten working hours; no overfatigue." REUTERS/Patrick Lin

People throw smoke grenades during the annual Labour Day protest in front of Presidential Office in Taipei, Taiwan, in this May 1, 2015 file picture. The head banner reads, “shorten working hours; no overfatigue.” REUTERS/Patrick Lin

but two years after graduating from university the highly sought language skill has failed to secure him a well-paying job.

Tsai has been pulling in an average monthly pay of T$15,000 ($455) through part-time work, below the minimum wage of T$22,000 for college graduates and one-fourth of the retirement-pension received by state employees.

“I cannot afford a place of my own with my low income… All I have been able to find were part-time jobs,” the 25-year-old said.     [FULL  STORY]

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