Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
Taiwan’s central bank has called for higher wages and stronger unions, in a bid to reverse declining real wages.
In a June 15 briefing, the Central Bank of the Republic of China (CBRC) urged the government to raise the minimum wage from its current level of NT$26,400 ($845) a month. “It is still advisable to increase the basic wages in a timely and reasonable manner, and strengthen the bargaining power of labour over wages,” the briefing stated.
The central bank suggested allowing employees at
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Economics
Dollar less popular for services trade than for goods – ECB paper
Large firms prefer sticking to the US currency, research finds
Fed policy has more effect during US recessions, ECB paper finds
Researchers use non-linear methods to examine effects of FOMC shocks
Mexico needs reform to fulfil potential – Dallas Fed paper
Anti-trust measures, easier market entry and FDI should aid growth, researchers say
Energy shocks create monetary policy trade-off, paper says
Rate-setters should consider energy prices’ impact on jobless, Bank of Italy paper finds
European banks less likely to lend to green firms, says ECB paper
Public guarantee loans can help lower-carbon firms access bank credit, research finds
Fed policy-makers disagree over risks
Williams and Goolsbee say policy is restrictive but Logan takes different view
High interest puts pressure on US cattle farms – research
Wildfires and rising input prices are exacerbating factors, Kansas City Fed research says
Central banks need caution in easing policy, IMF says
World Economic Outlook says most indicators still point to soft landing
Most read
- ECB says iPhone is currently incompatible with digital euro
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity
- Supervisors grapple with the smaller bank dilemma