Taiwan's labor ministry has announced a 4.08% hike to the country's minimum wage that would raise monthly salaries to US$889 and hourly pay to US$5.9. Taiwan has struggled to improve its stagnant wages, and has failed to keep up with salaries in Asia's other advanced economies.
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00:00Workers in Taiwan can expect bigger paychecks soon after Taiwan's labor ministry announced it'll hike the country's minimum wage.
00:08The increase of nearly 4.1 percent will raise the minimum monthly wage to about 890 U.S. dollars
00:15and the hourly wage to almost 6 U.S. dollars.
00:18Taiwan has been plagued with stagnant wage growth for years and salaries lag behind other developed Asian economies.
00:26Former President Tsai Ing-wen raised the minimum wage every year during her eight-year tenure
00:31but failed to meet her promise of bringing minimum monthly salaries to about 930 U.S. dollars.