Premier urges businesses to raise salaries
The China Post news staff
December 22, 2013, 12:01 am TWN
TAIPEI, Taiwan -- Premier Jiang Yi-huah yesterday urged businesses to give their employees pay raises if they are able to afford it.
The premier was speaking while seeking advice on economic issues from more than 20 business leaders in central Taiwan during a meeting in Taichung.
Jiang said businesses should fulfill their social responsibility by raising their employees' salaries if their financial health allows them to do so.
One of the major complaints from Taiwan's labor force concerns their salary levels, which have now fallen below those of 16 years ago, while the cost of living has risen, according to government statistics.
But employers have generally argued that pay raises would be difficult at this time of poor economic performance.
During the meeting, the business leaders noted the difficulties that they face, saying that although the government has introduced a series of measures in an attempt to shore up the economy, businesses still face a lot of challenges.
Some complained about a move by the Council of Labor Affairs (CLA) to revise the law to allow criminal charges to be brought against employers who fail to pay their employees severance fees or pensions.
They said such a move would further deter businesses from investing in Taiwan, asking the CLA to reconsider the proposed law revision.