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Higher education no guarantee of higher pay: statistics

Higher education no guarantee of higher pay: statistics

Taipei, May 16 (CNA) Higher education does not guarantee a higher salary, and employees with master's degrees sometimes earn less than those with undergraduate degrees, according to statistics from the Ministry of Labor. The figures showed that in 2014, entry-level workers with bachelor degrees or higher were earning an average NT$27,152 (US$893) per month. Employees with undergraduate degrees in science, engineering or medicine were receiving slightly higher pay, but it was still under NT$30,000 per month on average, according to the labor ministry statistics. The average monthly starting salary of entry-level workers with bachelor's degrees in 2014 was below the 1998 average of NT$29,887, the data indicated. It also showed that the starting salary of employees with graduate degrees had dropped from an average NT$32,321 per month in 2011 to NT$32,189 last year. In terms of location, people with graduate degrees working in eastern Taiwan were earning NT$27,478 per month on average last year, compared with an average NT$28,210 per month among workers in northern Taiwan with undergraduate degrees, the labor ministry statistics showed. (By Zoe Wei and Lilian Wu)


Updated : 2021-09-17 02:13 GMT+08:00