The number of people employed in the industrial and service sectors increased a fractional 0.05 percent in December, while monthly take-home pay expanded 2.65 percent to NT$44,000 (US$1,579), the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
That represents a sixth straight month of gains and implies a full recovery from the negative impact of the level 3 COVID-19 alert introduced in May last year, DGBAS Census Department Deputy Director Chen Hui-hsin (陳惠欣) said.
However, real regular wages last year contracted 0.04 percent, the first retreat in five years, as faster inflation wiped out gains, Chen said.
Photo: Clare Cheng, Taipei Times
“Consumer activity gathered further momentum in December, allowing more people to be hired, compared with the middle of May when authorities introduced the level 3 alert to contain local infections,” Chen told a media briefing.
HIRING
For the whole of last year, the average number of people hired stood at 8.13 million, suggesting an annual increase of 0.21 percent from 2020, DGBAS data showed.
The manufacturing sector enlarged payroll by 0.58 percent, while the service sector cut staff by 0.05 percent, it said.
That is because electronics suppliers added 13,000 workers, while companies in the entertainment and recreational businesses let go of 11,000 staffers, the statistics agency’s monthly report found.
At the same time, average take-home pay increased 2.65 percent to NT$44,000, while total wages — including overtime compensation, performance-based commissions and bonuses — grew 3.16 percent to NT$54,989, the report said.
For the full last year, regular and total pay advanced 1.93 percent and 2.94 percent respectively, it said.
However, an increase of 1.96 percent in consumer prices last year more than erased the gain in take-home pay, while total compensation managed to eke out a gain, Chen said.
SHIPPERS
Workers at shipping companies enjoyed the biggest pay raise of 47.39 percent, reflecting the sharp hikes in freight rates at Evergreen Marine Corp (長榮海運) and Yang Ming Marine Transport Corp (陽明海運), DGBAS said.
Securities houses ranked second, with a pay increase of 21.65 percent, followed by alternative financial service providers with a 9.68 percent gain, it said.
Affected by the COVID-19 pandemic, bus companies and beauty salons offered relatively low pay, it said.
Geographically, companies in Hsinchu City reported the highest annual compensations at NT$972,000 in 2020, followed by Taipei at NT$863,000 and Hsinchu County at NT$858,000, Chen said.
The national average was NT$685,000, suggesting a 1.1 percent increase from a year earlier, the official said.
The concentration of tech firms in Hsinchu and financial service providers in Taipei accounted for the different showings, Chen said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit