Taiwan’s central bank calls for wage rises

Report calls for more unionisation after real wages fell in first quarter

The Central Bank of the Republic of China (Taiwan), Taipei
The Central Bank of the Republic of China (Taiwan), Taipei
Kao Kuoen

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

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