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Trade group says minimum wage hike cap needed

The government should cap increases of the minimum wage next year at 3 percent, as a steeper increase would worsen inflation and be unfavorable for private consumption, Third Wednesday Club (三三會) chairman Lin Por-fong (林伯豐) said on the sidelines of a public function in Taipei yesterday. The Ministry of Labor next month is to review the minimum wage for next year. The Minimum Wage Review Committee which assesses Taiwan’s GDP growth and consumer prices to determine what action to take comprises government officials, and representatives of unions and the private sector, as well as academics. An increase of 5 percent to

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