Taiwan’s high purchasing power parity conceals disparity

TAIPEI (TVBS News) — As the pandemic subsides in Taiwan, business is slowly resuming back to normal. 

However, many have questioned whether the wages provided today are enough to live through, given Taiwan’s overall economic situation and average earnings.  

As the assistant manager of a wedding consultation practice, Pan Wei-hui, makes the point that wages are adjusted yearly. 

“(On average), the wages will see a 10% to 15% hike within 1 to 2 years,” she said. But is that enough to get by?

With Taiwan reopening borders and relaxing epidemic-prevention measures, local businesses are on the path to recovery. 

Though many are offering heightened minimum wages starting from NT＄30,000 a month due fierce competition within the industry, it may still not be enough.

Economic analysts point out that though wages have increased in theory, it’s still not enough to catch up with the rate of inflation.

Combined with skyrocketing housing prices in Taiwan, locals continue to shoulder heavy economic pressures in these times.
 

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