Wage growth beats inflation! In the first eight months, total real wages increased by 2.66% year-on-year, the largest increase in the same period in 11 years.

[Reporter Zheng Qifang/Taipei Report] The General Accounting Office announced today that the average monthly regular salary of all employees in the industrial and service industries from January to August was NT$49,110, an annual increase of 2.94%, and the total salary increased by 4.5% annually. 5%, a new high for the same period in 2016; excluding price factors, real regular wages increased by 1.08% in the first eight months, the second highest annual increase in the same period in the past six years, and real total wages increased by 2.66% annually, the largest increase in the same period in 2011.

According to a survey by the General Accounting Office, the number of employed workers at the end of August was 8.632 million, a monthly increase of 4,000 and an annual increase of 87,000. The average number of employees employed from January to August was 8.585 million, an annual increase of 79,000. In addition, the average monthly overtime hours per person in August was 8.9 hours, an increase of 0.1 hours year-on-year. Among them, the average overtime hours in the manufacturing industry were 17.7 hours, the highest in the same month in 46 years, the electronic components industry was 28 hours, the second highest in the same month in 47 years, and the computer electronics and optical products industry was 16.9 hours, the second highest in the same month in 43 years.

In addition, the average regular salary (including principal salary and fixed allowance) of all employees in the first eight months was 49,110 yuan, an annual increase of 2.94%. The median regular salary was 39,383 yuan, an annual increase of 3.06%, the second highest increase in the same period in the past six years. Adding bonuses, overtime pay and other non-recurring salaries, the total salary in the first eight months increased by 4.55% annually, the largest increase in the same period in 2016. After deducting price increases, real regular wages increased by 1.08% annually in the first eight months, the second highest increase in the same period in the past six years. Real total wages increased by 2.66% annually, the largest increase in the same period in the past 11 years.

If we look at the full-time employees of Chinese nationality, the average monthly regular salary per person in the first eight months was 52,045 yuan, an annual increase of 3.21%. The real regular salary increased by 1.35% annually, which was the second highest increase in the same period in previous years. The total salary in the first eight months increased by 4.5% annually, which was the second highest in the same period in previous years. The real total salary increased by 2.61% annually, which was the largest increase in the same period in previous years. In addition, the median recurring salary in the first eight months increased by 3.37% year-on-year, the highest in the same period in history, and the actual median recurring salary increased by 1.5% annually, which was also the highest in the same period in history.

Tan Wenling, deputy director of the National Census Division of the General Accounting Office, explained that due to nominal wage growth, salary increases and bonuses in various industries are good, and the government's price stabilization measures are effective, my country's inflation rate is lower than that of major countries, and wage growth is higher than price growth, so real wages maintain positive growth; from the perspective of labor market-related indicators, the overall labor market remains stable.