The labor ministry raised the minimum wage to NT$20,008 (US$670) per month. That's up from NT$19,273 (US$645.5). That's an increase of NT$735 (about US$25) or 3.8%. The minimum wage by the hour has been raised from NT$115 (US$3.85) to NT$120 (US$4.01).
The new minimum wage will be effective in July 2015 and is expected to benefit 1.4 million domestic employees.
The decision was made at a meeting on Monday by the minimum wage evaluation committee which has 21 members. The committee includes 7 laborers, 7 employers, 4 academics and 3 government officials.
Labor minister Chen Hsiung-wen said that laborers and employers will establish working groups that will meet every season to discuss commodity prices and salaries.
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