Taiwan’s Ministry of Labour has produced a Bill to introduce a national minimum wage, with the aim of creating a legal framework for setting the wages of the country’s 2.26 million labourers.
The Bill will also provide for the creation of an annual Minimum Wage Review Conference (MWRC) that will consist of politicians, academics and representatives from labour organisations and industry. The Conference will be held in the third quarter of each year and decisions on whether to raise the minimum will be made based on consensus or, failing that, a majority decision.
Nine indicators will be taken into account when setting the minimum wage, including the average wage of labourers that year, the country’s annual Labour Productivity Index and its current level of economic development.
A further goal is to set up a research group to assess the impact of each previous minimum wage implementation and any changes in relevant data. The group will also be required to put forward suggestions on how best to facilitate discussions at MWRC level.
The draft law will be sent to the Cabinet in February at the earliest for approval, according to Taiwan News.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
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Taiwan’s Ministry of Labour has produced a Bill to introduce a national minimum wage, with the aim of creating a legal framework for setting the wages of the country’s 2.26 million labourers.
The Bill will also provide for the creation of an annual Minimum Wage Review Conference (MWRC) that will consist of politicians, academics and representatives from labour organisations and industry. The Conference will be held in the third quarter of each year and decisions on whether to raise the minimum will be made based on consensus or, failing that, a majority decision.
Nine indicators will be taken into account when setting the minimum wage, including the average wage of labourers that year, the country’s annual Labour Productivity Index and its current level of economic development.
A further goal is to set up a research group to assess the impact of each previous minimum wage implementation and any changes in relevant data. The group will also be required to put forward suggestions on how best to facilitate discussions at MWRC level.
The draft law will be sent to the Cabinet in February at the earliest for approval, according to Taiwan News.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
OTHER STORIES THAT MAY INTEREST YOU
Taiwan, Hong Kong and Macau residents no longer require Chinese work permits
Taiwan introduces wide-ranging tax reform
Hong Kong pushes for tax breaks for home return permit holders
