Taiwan’s regular wage up over 2.42% in July

Focus Taiwan
Date: 2019/09/12
By: Wu Po-wei and Frances Huang

Taipei, Sept. 12 (CNA) The average regular wage in Taiwan rose 2.42 percent from a year earlier in July after a 2.33 percent year-on-year increase in June, indicating that regular wages in Taiwan grew in a stable manner, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

However, real wages stayed at a similar level they were at 17 years ago after inflationary adjustments.

Data compiled by the DGBAS showed that the average regular wage for July stood at NT$41,927 (US$1,344), up NT$992, or 2.42 percent from a year earlier. On a month-on-month basis, the July average regular wage also rose 0.40 percent, the data indicated.

Pan Ning-hsin (潘寧馨), deputy director of the DGBAS census department, told reporters that the growth on both the year-on-year basis and month-on-month basis showed that Taiwan's wages still grew steadily, while the economic growth showed signs of moderating amid a global trade war.

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