Taiwanese workers earned an average of NT$47,000 per month this year, but 40 percent are struggling financially and 18 percent plan to switch jobs within 12 months, two separate surveys showed yesterday.
The amount equals a 5.4 percent increase from a year earlier to a decade high, 104 Job Bank (104人力銀行) said.
The government is due to review the nation’s minimum wages.
Photo: Hsu Li-chuan, Taipei Times
Employees at computer and consumer electronics manufacturers reported the highest average monthly wage of NT$60,000 a month, followed by semiconductor firms at NT$59,000, and vendors of shoe and textile products, along with software and Internet businesses at NT$55,000, 104 Job Bank said.
Tech firms and financial institutes offered higher monthly wages than others, while 40 of 63 sectors offered wages below the average, it said.
Monthly wages for employees at social welfare companies was NT$38,000, while wedding studios, hair salons and property managers paid NT$39,000 to NT$40,000, it said.
Average monthly wages at restaurants, retailers, hotels and recreational facilities also underperformed at about NT$43,000, it said.
The average salary increased NT$1,454 after inflation adjustment, it said.
However, the highest-paying jobs offered 57 percent higher salary than the lowest-paying jobs, it said.
The findings pose challenges for employers seeking to recruit talent, the job bank said, as Taiwan’s economic recovery is gaining traction and labor shortages have exceeded 1 million for 16 consecutive months.
The data also help explain why most Taiwanese workers are overwhelmed with inflation and do not feel the benefits of economic growth, it said.
A separate survey by consultancy firm PricewaterhouseCoopers Taiwan showed that 57 percent of employees in Taiwan had surplus money after paying their bills, while 40 percent were having financial difficulties.
A total of 33 percent of employees said their job became more challenging last year and their workload had significantly increased, the advisory firm said, adding that 17 percent said their workload was unbearable.
Eighteen percent of workers were considering changing jobs within 12 months and 51 percent planned to learn new skills, the survey showed.
Ninety percent of workers believed that generative artificial intelligence would enhance their working efficiency and 36 percent were looking at better pay because of the new technology, the survey said.
Shiina Ito has had fewer Chinese customers at her Tokyo jewelry shop since Beijing issued a travel warning in the wake of a diplomatic spat, but she said she was not concerned. A souring of Tokyo-Beijing relations this month, following remarks by Japanese Prime Minister Sanae Takaichi about Taiwan, has fueled concerns about the impact on the ritzy boutiques, noodle joints and hotels where holidaymakers spend their cash. However, businesses in Tokyo largely shrugged off any anxiety. “Since there are fewer Chinese customers, it’s become a bit easier for Japanese shoppers to visit, so our sales haven’t really dropped,” Ito
The number of Taiwanese working in the US rose to a record high of 137,000 last year, driven largely by Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) rapid overseas expansion, according to government data released yesterday. A total of 666,000 Taiwanese nationals were employed abroad last year, an increase of 45,000 from 2023 and the highest level since the COVID-19 pandemic, data from the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed. Overseas employment had steadily increased between 2009 and 2019, peaking at 739,000, before plunging to 319,000 in 2021 amid US-China trade tensions, global supply chain shifts, reshoring by Taiwanese companies and
Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei (魏哲家) and the company’s former chairman, Mark Liu (劉德音), both received the Robert N. Noyce Award -- the semiconductor industry’s highest honor -- in San Jose, California, on Thursday (local time). Speaking at the award event, Liu, who retired last year, expressed gratitude to his wife, his dissertation advisor at the University of California, Berkeley, his supervisors at AT&T Bell Laboratories -- where he worked on optical fiber communication systems before joining TSMC, TSMC partners, and industry colleagues. Liu said that working alongside TSMC
TECHNOLOGY DAY: The Taiwanese firm is also setting up a joint venture with Alphabet Inc on robots and plans to establish a firm in Japan to produce Model A EVs Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) yesterday announced a collaboration with ChatGPT developer OpenAI to build next-generation artificial intelligence (AI) infrastructure and strengthen its local supply chain in the US to accelerate the deployment of advanced AI systems. Building such an infrastructure in the US is crucial for strengthening local supply chains and supporting the US in maintaining its leading position in the AI domain, Hon Hai said in a statement. Through the collaboration, OpenAI would share its insights into emerging hardware needs in the AI industry with Hon Hai to support the company’s design and development work, as well