TAIPEI (TVBS News) — Asian-Pacific workers are projected to see the highest global growth in real wage increases in 2024, with India leading the way at 5.1%, and Taiwan contributing with a 2.5% rise, according to recent data.
According to the ECA International's Salary Trends Report, real wages for Asian-Pacific workers will increase by 2.2% in 2024, more than double the global average of 1%.
Taiwan ranked sixth in the real salary forecast growth rate in the Asia-Pacific region, outstripping Macau, Malaysia, and the Philippines at 2.3%, and Cambodia and South Korea at 2.2%.
Meanwhile, Vietnam's real wages are expected to surge by 3.6%, and Thailand's by 3.4%. Singapore is likely to see only a modest growth of 0.5%.
