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

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account