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SURVEY SHOWS TAIWAN'S WORKFORCE UNHAPPY WITH STAGNANT EARNINGS.

AsiaPulse News

| July 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, July 1 Asia Pulse - Eighty-eight per cent of Taiwanese workers are dissatisfied with their unchanging earnings as the cost of living increases due to inflation, according to the results of a survey released Monday by an online employment broker.

The survey revealed 44.32 per cent of respondents have not received a pay raise for more than 18 months and 31.66 per cent have not received a salary increase for more than three years.

However, the ongoing inflation has added an extra NT$2,311 (US$76) to average monthly spending, with 14.71 per cent having to spend NT$5,000 more per month, the survey showed.

To cope with soaring fuel prices, 38.75 per cent of respondents said they have stopped driving a car to work, with 52.17 per cent using a motorcycle instead, 25.98 per cent changing to public transportation, and 13.58 per cent riding bicycles.

More than three-quarters of respondents said they have taken substantial steps to reduce spending in light of the rising cost of living.

Cost-cutting measures mentioned by the respondents includes avoiding shopping (54.21 per cent), eating out less frequently (44.62 per cent), buying only daily necessities (39.82 per cent), avoiding social outings or dining with friends (36.69 per cent), and switching off unnecessary lights or ...

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Source: HighBeam Research, SURVEY SHOWS TAIWAN'S WORKFORCE UNHAPPY WITH STAGNANT EARNINGS.

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