Mista
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It's really weird that they have such a high GDP per capita, and yet their new university grad is basically paid around 30000 to 35000 TWD (~1k USD) a month. That rate hasn't really moved in close to 2 decades.
A university graduate means nothing in Taiwan. Their barrier of entry is extremely low, and their university acceptance rate is around 90%.
台灣大專畢業率全球第一 收入卻僅德國一半 - 生活
教育部統計,我國25到34歲的人口接受高等教育比率高達7成,比經濟合作發展組織(OECD)35國都還要高,居全球第一,不過歐盟第一強國德國,雖然高等教育比率不到台灣的一半,但國民所得卻是台灣的兩倍之多,讓專家指
www.chinatimes.com
That is why the average fresh grad salary is not much higher than their minimum wage.
The median annual income in Taiwan is around $16.5K, and the average annual income is around $22K. This level seems reasonable for an economy of about $30K GDP per capita. Labor share of GDP (total compensation) in most developed economies is around 50-60%.
Taiwan’s median income in 2021 grew 1% to NT$506,000 as income inequality widens - Formosa News
Taiwan’s median annual income in 2021 grew to NT$506,000, up 1% from the year before. Workers in Hsinchu City were once again the biggest earners in the nation, with a median income of NT$770,000. But experts say that does not paint a full picture of Taiwan’s economy, as about 68% of workers...
english.ftvnews.com.tw