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Taiwan posts negative growth in regular wage for 2007

Taiwan posts negative growth in regular wage for 2007

The average regular wage of Taiwanese workers posted a moderate increase of 1.77 percent in 2007, but the rise was more than offset by the inflation rate of 1.8 percent during the same period, according to government statistics released Tuesday.
Huang Chien-chung, official for the Cabinet's Directorate General of Budget, Accounting & Statistics, told reporters that the average regular wage paid to workers stood at NT$36,764 per month for last year.
Huang added that the figure marked the highest in seven years but was translated into a negative growth of 0.03 percent, or NT$34,699, after adjusted for inflation.
Both ruling and opposition candidates voiced concern for inflation during their first debate on TV Sunday.
The opposition Kuomintang presidential candidate Ma Ying-jeou said the roote of the problem lied with a stagnant economy and promised to fix it by increasing the government's spending in economic development, if elected, to create NT$5 trillion wealth.
Ma's ruling Democratic Progressive Party rival Frank Hsieh said he is to stabilize commodity prices by lowering income tax and freezing water and electricity rates as well as oil prices, if necessary.
Altogether, some 6,13 million people were hired by different sectors last year, up by 95,000 in 2006, Huang said, adding that the bulk of the increase, 34,00 workers, came from the manufacture industry, followed by the service industry, 21,000, and various professional industries.


Updated : 2021-07-30 19:36 GMT+08:00