You have some chip on your shoulder and it smells like shit, so not wasting my time
Along with Bonuses some TW companies used to also give generous stock options as well in the 80s-90s. No one would dream of it today.
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Yeah a lot of ppl got rich from stock options . Now itâs rare.
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A lot cheaper than Tokyo, but doesnât seem cheaper than the property prices of city of the same size here like Taichung.
Which countryâs average wages are not skewed by the big earners?
Besides, youâre overestimating how much govt workers make. Other than the very high ranks they donât make a lot more than non-govt workers. Itâs more or less the same (with bonuses and stuff). If anything it is more skewed by those working in IT.
When are people going to stop saying Taiwanâs wages are skewed by big earners? Probably never.
Taiwan is among the most egalitarian societies on the planet. Pre-tax, itâs even more equitable than Scandinavian countries.
A couple of people mentioned that assets in Taiwan are more concentrated and not as equal. Thatâs true, but thatâs not what weâre talking about. Weâre talking about salaries.
Total rubbish
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Taiwan doesnât work like Western countries, thereâs large number of small and mediium size business owners abd also property owners that hold a lot if not most of the wealth.
Thereâs also a few dozen extremely rich families that control a lot of the banks and conglomerates.
Salaries only look more equal because the rich here donât depend on salaries. They live off their assets.
A lot of those assets are held off shore .
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Not sure which countries you are referring to, but Taiwans wealth distribution reminds me a lot of that in Scandinavia.
In Scandinavia you also have extreme wealth inequality which is seldom acknowledged as people usually merely look at income inequality(which is low in Scandinavia just as its here).
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Hey thanks, didnât know that about Scandinaviaâs wealth. Take a look at the infographic I posted from Slate to get an idea about which countries.
How is income from businesses and rent and stocks not classed as income?
Donât be silly.
Whose comment are you answering? Donât think anyone says itâs not income, although it might not be counted as income on an individuals tax return due to how his/her affairs are structured and as such not included in calculations of income inequality
Exactly, just because itâs not submitted on a tax return doesnât mean itâs not income.
Wealth = net worth
And the 18% preferential interest rate on savings from government workers?
The salary here sucks. I got offered a similar position here vs Shanghai and Shanghai pays almost double.
Do they pay your rent too? I guess Shanghai has way higher rent then Taipei. Traffic sucks I was told. Air quality is terrible. And people, sooo many.
Yes and Shanghai gives me housing allowances plus percentage shares options. Itâs like they actually want workers to give a shit because they get part ownership with expansion vs Taiwan where you get scraps and expect to be a slave and never expand because everyone clocks in and clocks out
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Nice deal!
I passed on that a while back. Moving to Malaysia for study for now.