The Riddle of Low Taiwanese Wages

Despite the fact that Taiwan has averaged healthy 5.72 annual gross domestic product growth since 1981, wages have stagnated, barely keeping up with inflation and rising only 1.5 percent in real terms over the past seven years. Conditions should militate for rising wages, with unemployment at a three-year low, the size of the labor force at an all-time high and the granting of unpaid leave to adapt to weaker order books falling sharply. But in Taiwan they don’t.

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