Little happiness during epidemic situation - raise of basic wage

        The basic wage is the basis for ensuring the basic livelihood of workers, and it is also the key to maintaining domestic consumption power. Therefore, even if this year is affected by the epidemic situation and the global economic environment is harsh, Ministry of labor still announced the increase of basic wage a few days ago, and it is expected to go on the road next year. The following is a description of this change. It is expected that the new basic wage will drive the positive growth of domestic consumption, revitalize Taiwan's economy, and create a win-win era under the epidemic situation.

        Novel coronavirus pneumonia has been the main source of the Ministry. Of labor has been raising the minimum wage for four years in a row. In spite of the worldwide impact of the new crown pneumonia outbreak and the worldwide economic impact, the government has decided to moderate the increase in the monthly salary of the new basic wage, which is 23800 yuan (158 yuan), and the minimum wage to 24. 000 yuan and 160 yuan, the amplitude modulation increased by 0.84% and 1.3%.

        From 2017 to 2020, the annual rate of increase ranged from 3% to 7%. Considering that the epidemic situation has not decreased this year and the economic growth rate of various countries has declined, although there is no serious epidemic in Taiwan, the global economic activity and demand are weak, and it is difficult for Taiwan to stay out of the situation. Therefore, this adjustment is the smallest in recent years. At present, although border control has not been ended, and the price index has fallen for several months in a row, the Ministry of labor Considering the annual growth rate of the consumer price index and the economic growth rate, and considering the situation before and after the epidemic situation, a compromise proposal was put forward, which decided to increase the basic wage by 200 yuan per month; the basic wage per hour was increased by 2 yuan according to the monthly basic wage, so as to take care of the rights and interests of workers and safeguard their basic living needs.

        According to Ministry of labor, after the basic wage is increased to 24000 yuan per month, it is estimated that about 1.55 million workers (1.09 million domestic workers and 460000 foreign workers) will benefit; when the basic wage is increased to 160 yuan per hour, about 520000 workers will benefit, which can help more than 2 million workers in total, which will be implemented as soon as January 1, 2011. (source: Executive Yuan, Ministry of labor)

        Currency unit: New Taiwan dollar