Taiwan government increases workers' salaries
Taiwan’s government has increased the salaries of workers in 2024.
The average monthly salary, not counting bonuses or overtime, is 2.77% higher. Many workers now receive NT$46,450 (US$1,420) as their fixed monthly pay, Taiwan News reports.
Including bonuses and overtime, the total average salary reaches NT$60,984, which is a 4.39% increase from 2023.
The middle salary, also called the median salary, is also rising. It now stands at NT$37,274, which is 3.29% higher than the previous year.
However, rising prices make the increase feel smaller.
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When adjusted for inflation, the real average salary is only 0.58% higher. The real median salary rises by 1.09%. This means that while paychecks are bigger, they do not stretch as far as workers might hope.
