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Liberty Times: Unemployment

Liberty Times: Unemployment

Taiwan editorial abstract (File 1 of a daily roundup) In his first State of the Union speech, U.S. President Barack Obama pledged to make jobs his "number one focus in 2010." If President Ma Ying-jeou could learn from Obama and face up to his people and problems honestly, Taiwan's situation would probably not be as difficult as it is today.
Taiwan's unemployment rate has risen to an unprecedented high level mainly because the country's industrial policy has gone awry.
Instead of seeking upgrades and progress, Taiwan's industrial development is focusing on lowering costs and increasing scale, resulting in an industrial exodus to China.
As Taiwan's exports are becoming increasingly dependent on raw materials and intermediates bound for China, Taiwan's overall economy of course has a lack of momentum. Price-factor equalization has meant that the real earnings of Taiwanese workers have hardly seen any increase over the past 10 years.
Everything that President Ma Ying-jeou has done since his inauguration has moved Taiwan closer to a "one China market." In particular, the signing of the economic cooperation framework agreement (ECFA) between the two sides will inevitably lead to a new exodus of businesses to China and an influx of Chinese industrial and agricultural products into Taiwan, which will in turn take a heavy toll on jobs.
In a recent demonstration against the ECFA, manufacturers and farmers held up banners that read "ECFA kills people" and "conventional industries, families in ruins." These explain the wrongdoings of the Ma administration. (Jan. 30, 2010) (By Y.F. Low)




Updated : 2021-06-15 16:23 GMT+08:00