SHAKING THE MONEYMAKERS: The president said that all employers she has met have told her they have made plans to increase their employees’ salaries this year

Taipei Times
Date: Jan 24, 2018
By: Chen Wei-han  /  Staff reporter

A proposal by Vice Premier Shih Jun-ji (施俊吉) to raise the minimum monthly wage to NT$30,000 by 2024 by 6 percent annual increments is a “mathematical” but impractical approach, President Tsai Ing-wen (蔡英文) said on Monday during a television interview.

Shih on Tuesday last week said that the goal of raising the minimum monthly wage to NT$30,000 could be achieved in four to six years if the amount is increased by between 6 and 8 percent every year.

Asked if she would pledge to raise the minimum salary to NT$30,000 by 2024, Tsai said the government could not impose such a goal on economic development.

“If the economic conditions are good, if businesses are able to afford raising pay, I believe the salaries will continue to go up even without making changes to the minimum wage,” Tsai said.    [FULL STORY]