living standards 結果共5筆

Taiwan’s Executive Yuan spokesman, Lin Tzu-lun, announced that the Consumer Price Index (CPI) rose by 2.71% in December 2023. Due to the CPI surpassing the legal threshold for two consecutive years, the government supports increasing stipends for retired military, civil, and education personnel by at least 4%. Fixed pension benefits for these individuals will be adjusted to account for inflation. The Executive Yuan has allocated NT$4.4 billion in the 2024 central government budget as a reserve fund for price fluctuations. The necessary adjustment mechanisms have been initiated, with a specialized assessment panel deliberating on the rate adjustment. The government aims to complete the related processes and backtrace the adjustments to January 1, 2024, to ensure the living standards of retired personnel.

The Legislative Yuan has passed the Minimum Wage Bill in Taiwan, which requires employers to meet minimum wage standards when settling wages with employees. Noncompliance with this law could result in fines of up to NT＄1.5 million and public disclosure of the offender’s name. The new legislation mandates the inclusion of the Consumer Price Index (CPI) as one of the key references when determining minimum wage, linking wage adjustments more closely with the cost of living. Previously, adjustments to the basic wage were governed by lesser regulations - the Deliberation Regulations for Basic Wage, which are merely administrative orders and do not guarantee annual wage increases. Labor Minister Hsu Ming-chun welcomed the passage of this legislation, expressing gratitude to labor and employer groups, scholar experts, and legislators from all parties for their support. President Tsai Ing-wen had initially proposed the elevation of the Minimum Wage from an administrative order to the force of law in her 2016 policy plan, but it took seven years for the draft to make its way through the legislative process.

The New Power Party (NPP) has called for stricter regulations on minimum labor wages, proposing that manufacturers who violate laws should be banned from government procurement. The NPP emphasizes equal representation in decision-making, with a ＂1:1:1＂ ratio of labor, capital, and government-academic parties. They argue that adjustments to the minimum wage should not fall below the annual Consumer Price Index (CPI) growth rate, linking wage increases to inflation and cost of living adjustments. NPP Chairwoman Claire Wang advocates for strict penalties, including adding violators to a government procurement blacklist. The NPP’s draft is inspired by France’s minimum wage laws, aiming to protect workers’ living standards in the face of rising costs.

Independent candidate Terry Gou and running mate Lai Pei-hsia have withdrawn from the 2024 presidential race, expressing gratitude to supporters and emphasizing their commitment to unifying Taiwan and improving living standards. Lai’s heartfelt message conveyed disappointment over failed attempts to unify opposition parties, highlighting their dedication to the Republic of China. Lai praised Gou’s vision and affirmed her determination to protect the nation. The withdrawal occurred on the deadline for registration, leaving the race between Lai Ching-te of the Democratic Progressive Party, Ko Wen-je of the Taiwan People’s Party, and Hou Yu-ih from the Kuomintang, setting the stage for a three-cornered fight in the upcoming elections.

The Executive Yuan in Taiwan has passed a Minimum Wage Bill that is now being reviewed by the Legislative Yuan. The bill aims to improve the minimum wage review mechanism and protect the living standards of workers and their families.