
AI-generated summary
The Ministry of Labor held a minimum wage review meeting to discuss the minimum wage increase next year, with representatives from labor, capital, government, and academia participating.
At the minimum wage review meeting, Hong Shenhan said that the amplitude adjustment needs to maintain the real purchasing power of low-wage workers. (Photo by reporter Li Lianghui)
[Reporter Li Jinghui/Taipei Report] The Ministry of Labor held a minimum wage review meeting today (24th). A review group composed of representatives from labor, capital, government, and academia discussed the increase in the minimum wage next year. Before the meeting, Minister of Labor Hong Shenhan pointed out that in recent years, due to Driven by the high-tech industry, the overall economic data has good growth momentum, but there are still industries facing considerable operating pressure. However, the minimum wage adjustment needs to reflect price changes in order to maintain the basic living and real purchasing power of relatively low-wage workers.
There are 21 members in the Minimum Wage Review Committee, and this year there are 6 new members. In his speech before the meeting, Hong Shenhan pointed out that judging from the current overall economic situation, the high-tech industry has continued to play an increasingly important role in the international supply chain in recent years, and has also greatly driven Taiwan's economic growth. Therefore, the overall economic data does show very good upward momentum.
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However, it is true that the situations faced by various domestic industries are not exactly the same. Some industries perform very well, but others still face considerable operating pressure. These different industrial situations may actually affect different labor markets and employment situations.
Hong Shenhan pointed out that price changes in daily life still put great pressure on grassroots workers and families with relatively low incomes. The important function of minimum wage adjustment is to reflect price changes in order to maintain the basic living standards and real purchasing power of relatively low-wage workers.
Hong Shenhan emphasized that after the Minimum Wage Law takes effect in 2024, the minimum wage review will have a more complete legal mechanism and become a platform for full dialogue between labor, capital, academia, and politics. The minimum wage is related to the lives of many labor friends, and is also related to the operation of enterprises. He hopes that today’s discussion can be based on various indicators such as price, economic growth, labor market, and industrial development to rationally and carefully review the amplitude adjustment and build consensus.
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AI outlook — possibilities, not facts
The minimum wage review will complete discussions on the amplitude adjustment and announce the results within a few weeks
Likely · Within weeks

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