I never said starting a business is easy, I’ve tried for 3 years and failed put a lot of blood sweat and tears into it so I know how hard and risky it is. And yes a lot of money was lost.
I also worked very hard to add to my talents though working for a someone, through my own merit without help from family or connections or favors. I earn close to 200k NTD a month with a western company managing a local office here and I have put into effect higher wages for our employees here about 2x the wages they’d normally get from local companies. The returns they’ve created are well worth it. TW has a good work force they’re just getting shafted by their huge corporate employers who drain the life out of them for peanuts.
Paying more definitely goes the extra mile for me as good employees are eager, loyal and driven to try harder when they feel more financially secure. The investment works great for the company, as we get it back in spades, esp considering how low the wages are to begin with vs cost of living.
Taiwans big Tech Corps can easily invest in their employees, but they dont care about Taiwan-race to the bottom while their CEO buys another Rolls Royce and more KTV hookers with the piles of cash they’re sitting on while justifying paying 22k due to “the market” and they can just as well set up in China if the government here complains.
Of course talented people should get paid more, but at what point does one stop and say WTF? 22k? 18k? 14k?
I’m also NOT one to think Min. wage needs to be raised to 15/hr across the US either
Also not a big fan of hand outs for the poor in most circumstances.
but whats happening here is close to slave labor wages even against cost of living