Average regular wage growth eroded by inflation in January-June

Taipei, Aug 13 (CNA) The average real regular wage in the first six months of this year fell for the first time in six years as inflation eroded wage growth, according to the General Directorate of Budget, accounting and statistics (DGBAS). this week.

Data compiled by the DGBAS showed that nominal regular wages before inflationary adjustments for the January-June period rose 3.02 percent from a year earlier to NT$44,262 ($1,475), the higher since 2001.

However, after adjusting for inflation, the average real regular salary fell by 0.11% from the previous year to NT$41,452 during the six-month period, according to the data.

During this period, average nominal monthly earnings, which consist of regular wages and non-regular wages such as overtime and bonuses, increased by 3.52% compared to the previous year to reach 61,085 NT$, DGBAS said.

However, the average actual monthly earnings over the six months increased by only 0.38 percent from a year earlier to NT$57,206, the DGBAS added.

DGBAS Census Department Deputy Director Chen Hui-hsin (陳惠欣) said that although the average real regular salary has increased by more than 2% year-on-year for many months since October 2021 , this growth has eroded, especially since the local consumer price (CPI) growth exceeded 3% in March 2022, when the CPI increased by 3.27% compared to the previous year.

In June, the CPI increased by 3.59% compared to the previous year, with inflation for the first six months of this year reaching 3.13% compared to the same period last year.

However, the decline in the average real regular wage narrowed from minus 0.2% year-on-year in the first five months of the year to minus 0.11% in the first six months of the year, a Chen said.

Since 2011, Taiwan has seen nine year-on-year declines in average real regular wages in the first six months of a year, with the largest drop being 2.86% in the first six months of 2009 , said the DGBAS.

The latest drop of 0.11% is the second smallest after a 0.07% fall in the first six months of 2003, according to the DGBAS.

Chen said business activity in Taiwan showed signs of improvement in June amid easing concerns over indigenous COVID-19 cases, which boosted wages as well as the number of people working in a workplace. use.

At the end of June, the total number of employees in the industrial and service sectors rose by 1,000, or 0.01%, from the previous month to around 8.142 million, as some industries saw fewer workers. moderate, the DGBAS said.

Taking the accommodation and food service industry as an example, the number of employees in the industry fell by 5,000 from the previous month in June compared to a drop of 10,000 in May, according to the DGBAS.

The wholesale and retail trade sector performed even better, with its number of employees up 3,000 from the previous month in June, compared with a drop of 4,000 in May, the DGBAS said.

In the first six months of this year, the average monthly number of people employed in the industrial and service sectors stood at 8.15 million, up 18,000 or 0.23% from the previous year. ‘last year.

During the six-month period, the number of employees in the health/social work and manufacturing segments increased by 13,000 and 7,000, respectively, compared to the previous year, while the number workers in the arts/entertainment and recreation industry fell by 6,000, the DGBAS said. .

(By Su Ssu-yun and Frances Huang)

End Article/AW

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