The minimum wage in Taiwan for 2024 is NT$27,470 per month. This represents a significant adjustment designed to support employees amidst economic changes.
Taiwan's minimum wage system aims to ensure a foundational income for workers across various industries. While the primary focus is often on the monthly minimum wage, an hourly rate is also established to accommodate part-time work and other employment structures. The consistent adjustments to these rates reflect ongoing efforts to improve living standards and promote economic stability for the workforce.
Historical Minimum Wage Changes
Understanding the 2024 rate is clearer when viewed in the context of recent years. The minimum wage in Taiwan has seen regular increases over the last few years, demonstrating a commitment to responsive wage policies.
Below is a summary of how the minimum wage, as presented in some historical records, has changed:
| Date | Min. wage, hourly rate ($NTD) |
|---|---|
| 2024 | 27,470 |
| 2023 | 26,400 |
| 2022 | 25,250 |
| 2021 | 24,000 |
These adjustments are typically influenced by factors such as inflation, economic growth, and the overall cost of living, ensuring that the minimum wage remains relevant and fair.
