Wages for first-time jobseekers with a college degree have fallen by roughly 10 percent over the past 13 years, according to a report by 104 Job Bank.
The report, released on Wednesday, says that between 2000 and 2013, the average wage for new jobseekers fell about 10 percent to about NT$30,000.
During the same period, consumer prices rose about 10 percent, the recruitment agency said. Rising consumer prices have prompted many employees to ask the government to rein in prices so living standards do not decline, it said.
The job bank analyzed the data of about 6 million clients aged 22 to 26 who used the agency over the 13-year period to calculate the drop in wages.
It found that during the financial crisis that occurred during the period, the average wage among young employees fell below NT$30,000 at one point.
After the crisis eased, many of those who had seen their wages drop did not see them rebound to pre-crisis levels, although semiconductor engineers and software designers did, the agency said.
The 104 Job Bank report corresponds to a recent government survey, which found that the real average overall wage after adjustment for inflation stood at NT$44,739 last year, compared with the real average wage of NT$44,798 in 1998.
GENSLER SURVEY: ‘Economic infrastructure is not enough. A city needs to inspire pride, offer moments of joy and foster a sense of belonging,’ the company said Taipei was named the city with the “highest staying power” in the world by US-based design and architecture firm Gensler. The Taiwanese capital earned the top spot among 65 cities across six continents with 64 percent of Taipei respondents in a survey of 33,000 people saying they wanted to stay in the city. Rounding out the top five were Vietnam’s Ho Chi Minh City (61 percent), Singapore (59 percent), Sydney (58 percent) and Berlin (51 percent). Sixth to 10th place went to Monterrey, Mexico; Munich, Germany; Sao Paulo, Brazil; Vancouver; and Seoul. Cities in the US were ranked separately, with Minneapolis first at
The Japan-Taiwan Exchange Association has cautioned Japanese travelers to be vigilant against pickpockets at several popular tourist spots in Taiwan, including Taipei’s night markets, the Yongkang Street area, Zhongshan MRT Station, and Jiufen (九份) in New Taipei City. The advisory, titled “Recent Development of Concerns,” was posted on the association’s Web site under its safety and emergency report section. It urges travelers to keep backpacks fully zipped and carried in front, with valuables placed at the bottom of the bag. Visitors are advised to be especially mindful of their belongings when taking photos or speaking on the phone, avoid storing wallets and
ENDORSING TAIWAN: Honduran presidential candidate Nasry Afura said that Honduras was ‘100 times better off’ when it was allied with Taipei The Ministry of Foreign Affairs yesterday said it would explore the possibility of restoring diplomatic relations with Honduras based on the principle of maintaining national interests and dignity. The ministry made the remarks in response to reporters’ questions regarding an article titled: “Will Taiwan Regain a Diplomatic Ally?” published in The Diplomat on Saturday. The article said Honduras’ presidential election in November could offer Taiwan the chance to regain an ally, as multiple candidates have promoted re-establishing diplomatic relations with Taiwan. Honduras severed diplomatic ties with Taiwan in March 2023 in favor of Beijing, but since switching its diplomatic recognition,
Scoot announced yesterday that starting in October, it would increase flights between Taipei and Japan’s Narita airport and Hokkaido, and between Singapore and Taipei. The low-cost airline, a subsidiary of Singapore Airlines, also said it would launch flights to Chiang Rai in Thailand, Okinawa and Tokyo’s Haneda airport between December and March next year. Flights between Singapore and Chiang Rai would begin on Jan. 1, with five flights per week operated by an Embraer E190-E2 aircraft, Scoot said. Flights between Singapore and Okinawa would begin on Dec. 15, with three flights per week operated by Airbus A320 aircraft, the airline said. Services between Singapore
RSS