Taiwan premier reluctant to introduce NT$30,000 minimum wage

Premier Lai recommended the sum only for listed and multinational companies

Premier William Lai speaking at a medical convention Saturday. (By Central News Agency)

TAIPEI (Taiwan News) – Premier William Lai (賴清德) expressed reluctance Saturday about raising the minimum monthly wage to NT$30,000 (US$993) after he said the previous day that certain companies should pay at least that sum to new employees.

Taiwan’s official minimum wage was last raised to NT$22,000 (US$728) after a decision by a relevant committee reached last August.

On Friday, addressing Taiwan’s problem in attracting talent and workers, Lai said that at least for listed companies and multinational corporations, paying a starting wage of less than NT$30,000 per month was too low.

When reporters expanded his suggestion to ask whether NT$30,000 should be generalized to become the official minimum wage for workers, Lai urged caution Saturday, saying this kind of measure was not up to the government to suddenly make.

As businesses improved their performance and made more money, those results would almost certainly be reflected in their salaries, according to the premier.

Lai has launched a campaign to address the “five shortages” of Taiwan’s economy, namely the shortages of water, electricity, land, talent and manpower.