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COST OF LIVING/4.05% hike bringing minimum wage to NT$27,470 approved by Cabinet

09/14/2023 12:50 PM
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A job ad is posted by a local business in this photo taken in Taipei Thursday. CNA photo Sept. 14, 2023
A job ad is posted by a local business in this photo taken in Taipei Thursday. CNA photo Sept. 14, 2023

Taipei, Sept. 14 (CNA) The Cabinet on Thursday approved a proposal put forward by the Ministry of Labor (MOL) to raise Taiwan's monthly minimum salary by 4.05 percent to NT$27,470 (US$861), and the minimum hourly wage by NT$7 to NT$183.

The revisions to the current NT$26,400 monthly and NT$176 hourly minimum wage will take effect on Jan. 1, 2024, according to the Cabinet.

The increases, which MOL statistics show will affect around 1.79 million salaried employees and 600,000 hourly workers, will not apply to live-in migrant caregivers and domestic helpers, who are not covered by Taiwan's Labor Standards Act.

(By Lai Yu-chen and Evelyn Kao)

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