After experiencing a crazy increase in 2021, the salary income growth of employed people in Taiwan has stagnated in recent months. If the factors of rising prices of goods and services are excluded, the actual purchasing power of employees' salaries has not only not increased, but has declined.
Sales for employees' salaries and income data for the first 5 months
Data published by the statistics department of Taiwan in my country shows that the average monthly salary of employed people in January this year was 44356 NTD , which is about 9989 yuan at the current exchange rate; the average salary in February fell to 43943 NTD, about 9896 yuan.
The average salary of employed people in March was NT$44,368, about NT$9,991; the average salary in April was NT$44,356, consistent with January; the average salary in May was NT$44,233, about NT$9,961. averaged NT$44,251 in the first five months, about NT$9,965.
reported that, driven by the issuance of performance bonuses and other benefits, the salary income of employed people hit a new high. However, due to the higher inflation rate, the actual purchasing power of employees' salaries has shrunk by 0.2%, and it is the first negative growth in the past six years, which is not conducive to the continued economic growth.
Nansheng noticed that the CPI in Taiwan in June rose by 3.59%, setting a new high since September 2008, and reducing the actual purchasing power of employed people's salary by 0.2%. Among them, the prices of eggs and meat rose by 29.11%, and the prices of fruits rose by 25.31%.
aquatic products and external food expenses rose by 6.99% and 6.38% respectively in June this year. In other words, the price increase of "food" that is most closely related to residents' lives is much higher, and residents' living costs are under greater pressure. The loss of actual purchasing power of salary is far more than 0.2%.
In addition to the decline in salary purchasing power, there are two other crises
While the income of employed people "superficially hits a new high, there are also two other crises hiding." First of all, the number of employed people has begun to shrink. According to reports, the number of employees decreased by 6,000 in April and the number of employees increased to 8,000 in May.
Considering that the impact of the epidemic has not been completely eradicated and the international economic situation is sluggish, it is expected that the number of employed people will be reduced in June. Moreover, this reduction will mainly focus on "low-paying industries such as accommodation, hotels and catering, leisure, entertainment, wholesale and retail."
Due to the fact that the salaries of the above industries are far lower than the average, coupled with the decline in purchasing power caused by inflation, the reduction in the number of employees, ordinary residents' families will suffer a significant loss in their income, and the gap between the rich and the poor is expected to further expand, which will affect consumer spending and economic development.
The second is the shortage of high-paying positions and the loss of talents. Taking the semiconductor industry as an example, although Taiwan still has a great advantage, the development situation in mainland my country is faster. Many companies have given a more attractive salary structure, and thousands of engineers have switched to mainland companies.
Taiwan media said that in addition to pursuing achievement orientation, knowledge-based workers need to be respected and seen, they also need better salaries. If Taiwanese companies cannot retain these talents and their development will stall, they will not only fail to provide more high-paying jobs, but will also damage the development of related industries.
Comment: The average salary of employed people in Taiwan is expected to achieve a breakthrough of RMB 10,000 sometime in the second half of this year. However, if the impact of inflation cannot be effectively suppressed, the actual living standards of residents are declining. This contrast phenomenon is worth paying attention to. This article is compiled and written by [Nan Sheng]. Please do not reprint or plagiarize without authorization!
