TAIPEI (Taiwan News) -- A consensus on increasing Taiwan's monthly minimum wage from NT$21,009 to NT$27,711 (US$931) has been reached by the Ministry of Labor's annual Minimum Wage Review Committee, according to a committee member on Wednesday, reported CNA.
Taiwan Confederation of Trade Unions Chairman Chuang Chueh-an (莊爵安) shared the figure with reporters before a meeting with Minister of Labor Lin Mei-chu (林美珠) in preparation for the committee's annual meeting slated for Friday.
Chuang added that the committee will also suggest raising the minimum hourly wage from NT$133 to NT$160.
Another committee member, Hsinchu County Confederation of Trade Unions Chairman Chen Fu-chun (陳福俊) said from 1997 to 2007 wages in Taiwan completely froze. Yet, in South Korea the monthly minimum wage rose to the equivalent to NT$40,000, therefore "Taiwan should close the gap" and raise both the monthly and hourly wages together, said Chen.
In accordance with the Labor Standards Act (勞動基準法), if the new salary boost goes into effect, foreign workers in Taiwan should also receive the pay raise.