does this mean my boss will stop trying to fine me for everything?
Actually the ‘economy’ is not that great. It’s only in certain industries.
Which we were discussing above.
There’s this thing called “overall” and it is great. Only in certain industries it’s not.
Marco
November 3, 2021, 12:41pm
28
Whatevah:
Bs coverage from Nikkei again. The same tired talking points. While I do agree that minimum wage needs to increase in Taiwan, the article simply spins and picks and chooses facts to somehow arrive at its desired conclusions. Some major major problems with that article.
1- Numbeo is dumb. It weights milk and other groceries very heavily which simply destroys Taiwan. Yet compred every other category and Taiwan is almost half as expensive as Germany (restaurant meals, rent, utilities, transport)
2- Yes wages were stagnant. They are not anymore though. Why keep repeating that? It’s been growing steadily since 2009 IIRC.
3- Wages increased while the currency got stronger, nee to take that into account as well.
4- Consumer spending was low because we had the COVID lockdowns. I would be worried if it doesn’t pick up this quarter though. But if other countries are any indication, consumption will be back with a revenge.
Edit: The likes of Nikkei and ING keep repeating these things about Taiwan economy. I have been following Taiwan economy for 4 years now and literally only once their predictions were above the real outcome. Every single other time in that time frame they always say things like “despite the surprise increase in exports, we believe demand will soften in the next quarter so we predict lower NTD and GDP growth to soften”.
Also, the headline claims 25% of the country is living on minimum wage. That’s not backed up in the body of the article, and it’s abject nonsense.
@Brianjones how much traffic was there on the highway in October?
EUR to NTD at 31.43 !!! Is this an All Time Low?
1 Like
What happened to the other thread?
Closed for cleanup apparently. Maybe the mods forgot about it idk.
