The Cabinet is considering raising hourly pay to tackle the problem of low wages. That was the word from Vice Premier Shih Jun-ji on Monday.
Shih spoke at a press conference about the government’s plans for boosting salaries for young people. He said one possibility is to adjust the hourly minimum wage.
“Of course, wages should be adjusted gradually. Our first idea is that with the [current minimum wage] of NT$140 per hour, there is a possibility that the next target could be to increase it to NT$150 per hour. But I am afraid that it will take some time before we can gradually reach an even higher target," said Shih.
The current minimum hourly wage of NT$140 is a little less than US$5 per hour. Government statistics show that about 340,000 workers earn less than NT$150 (US$5) per hour.
A labor ministry official said the plight facing low-wage earners is an issue that both the government and employers must deal with.
Other measures to tackle the problem include encouraging employers to raise the minimum wage, increase investment, speed up industrial transformation, develop talent, and bridge the gap between what is learned at school and the skills that are needed in the workplace.