By: George Liao, Taiwan News, Staff Writer
A minimum-wage worker working full-time only makes NT$22,000 a month,
which equals to about one-third of the average monthly pension of NT$60,000 a retired state employee receives. These lopsided figures reveal problems facing Taiwan’s youth today.
A news report by Reuters revealed the current predicament of nation’s youth such as low wages, distrust of government, and the difficulty for fresh graduates to find a decent job.
The low minimum wage is a reflection of the economic strength of Taiwan, which has gone from a vibrant economy to an aging and weak one in just two generations.
Taiwan’s waning economy and capital flight not only keep minimum wages low but also produce fewer job opportunities for young people, a bad cycle that is hard to break. [FULL STORY]