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SHRINKING SALARIES A HEADACHE FOR TAIWAN OFFICE WORKERS: POLL.
TAIPEI, May 3 Asia Pulse - Most of Taiwan's office workers have felt the pinch of a shrinking salary compared to their counterparts in neighboring countries, according to the results of a recent survey conducted by Cheers magazine.
Compared to white-collar workers in Hong Kong, Japan and South Korea who've received noticeable salary hikes in recent years, some 90 per cent of Taiwan's office workers responding to the survey have seen their salaries shrink in real terms due to a continuous rise in consumer product prices, the survey results showed.
Although Taiwan's economy expanded by 5.7 per cent in 2004, 88 per cent of domestic companies did not increase workers' salaries that year, according to the Cheers survey.
Despite salaries of Taiwanese workers increasing by an average of 1.3 per cent in 2005, people's wallets have actually become thinner after a 2.3 per cent growth in consumer prices, the magazine said, pointing out that decreasing salaries have become the biggest headache for Taiwan's office workers.
Citing statistics compiled by the Cabinet-level Council of Labor Affairs, the magazine reported that the ...
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Source: HighBeam Research, SHRINKING SALARIES A HEADACHE FOR TAIWAN OFFICE WORKERS: POLL.