Premier Jiang gives a vote of confidence to higher salaries
CNATAIPEI--Premier Jiang Yi-huah encouraged businesses Wednesday to raise salaries as they pursue profits, as he toured local firms and major development projects in a show of fresh resolve to tackle the country's vital economic issues just a day after he survived a no-confidence vote by the Legislative Yuan.
October 17, 2013, 12:03 am TWN
Jiang had praise for Delta Electronics, one of Taiwan's leading power management solution providers, saying that it dedicates a greater portion of its sales to payroll than other businesses in the industry.
Compared with many electronics companies, where pay and benefits account for 7.5 percent of the total revenues, Delta Electronics' portion is 13 percent, Jiang said during a trip to the Taoyuan-based company.
The company's practice of sharing a greater proportion of its income with its employees is worthy of recognition, especially as the Cabinet is studying how wages and job opportunities can improve with economic growth, which is key to the wellbeing of the people, Jiang said.
A recent government report has highlighted the widespread concern in Taiwan about stagnant wages. Taiwan's average real monthly earnings for the first seven months of 2013 fell to a four-year low of NT$46,786 (US$1,592.6), which is about the same level as the NT$46,646 in 1997, official data shows.
Jiang later headed to the Taoyuan County Government headquarters to be briefed on the progress of a high-profile development project around the Taiwan Taoyuan International Airport, the nation's main international gateway, before holding talks in Taipei with representatives from local small- and medium-sized enterprises.