The Ministry of Labor will report on the minimum wage adjustment to the Executive Yuan today (1st), including an increase in the monthly salary to NT$30,900 and an increase in the hourly wage to NT$205. It is scheduled to take effect on January 1 next year. (Provided by the Executive Yuan)
The Ministry of Labor will report on the minimum wage adjustment to the Executive Yuan today (1st), including an increase in the monthly salary to NT$30,900 and an increase in the hourly wage to NT$205. It is scheduled to take effect on January 1 next year. Executive President Toh Wing-tai said at the meeting that this monthly salary increase is the highest since 2016, and it is estimated that more than 2.61 million workers will benefit, of which 84% are domestic workers. Li Jianhong, deputy minister of the Ministry of Labor, said that according to analysis, the service industry accounts for about 65% of the domestic labor industries that will benefit from the minimum wage adjustment, the manufacturing industry accounts for 34%, and the rest is agriculture.
The Ministry of Labor reported the minimum wage adjustment case at the Executive Yuan meeting today. Executive Yuan spokesperson Li Huizhi pointed out at the press conference after the meeting that Zhuo Kui made a decision on the minimum wage report during the meeting and approved it for review. The minimum wage adjustment case is currently in the approval process. According to Article 13 of the Minimum Wage Law, the central competent authority shall, within 10 days from the day after the minimum wage is reviewed and approved, submit it to the Executive Yuan for approval and then announce its implementation.
Please read on...
Zhuo Kui pointed out that Taiwan's economic growth rate this year is expected to reach 11.05%, which is expected to hit a 39-year high. This is the result of the joint efforts of all Taiwanese people, industry and labor. Taiwan’s minimum wage will be raised for the 11th consecutive year. This time, more than 2.61 million workers will benefit, of which 84% are domestic workers.
Zhuo Kui said that while raising the minimum wage, the government is well aware of the hardships and difficulties faced by traditional industries and small and medium-sized enterprises. Small and medium-sized enterprises account for more than 98% of the country's enterprises and provide nearly 80% of the country's employment opportunities. Therefore, the government will continue to strengthen the promotion of the "Support and Strengthening of Small, Medium and Micro Enterprises Program" to actually encourage enterprises to take care of grassroots employees and comprehensively promote the prosperity and development of various industries. As for the manufacturing and service industries affected by the fluctuations in the war in the Middle East, the Ministry of Economic Affairs and the Ministry of Labor are requested to jointly discuss effective assistance and other supporting measures and explain them to the outside world in a timely manner.
The Ministry of Labor said that there are three supporting packages for the increase in the minimum wage, including 1. Providing tax incentives for employee salary increases and expanding financing quotas for enterprises through the Bill on the Transformation, Upgrading and Development of Small, Medium and Micro Enterprises; 2. Universal cash distribution to expand domestic demand; 3. To reduce the cost burden of specific enterprises, the Ministry of Economic Affairs and the Ministry of Labor will develop a minimum wage adjustment subsidy plan.
No need to draw, no need to grab. Now use the APP to read the news. You are guaranteed to win every day. Click me to download the APP. Click me to see the event details.
