Still, I believe that the definition of a „good salary“ is much less localized than maybe 20-30 years ago.
So if in the US, a „good“ salary is maybe between 80k and 120k US$ a year, then 32k US$ a year (around NT$ 80k a month) in Taiwan are simply not „good“ in my opinion. So maybe my definition of „good“ is just much less localized.
Good, no. decent and comfortable, yes. But i still think taiwan is goig to have a rude awakenig once the older generation dies ofoff and the new crop has nothung to offer AND no oldies to cook, clean, pay the bills and wipe their ass. Especially given definate inflation in certain industries. Especially those related to outdoor biology such as food. People really ought to focus on owning land/house and remaining debt free. Driving a ford or a bmw is missing the mark.
So blue truck all the way.
Inflation could get bad if medical and caregiver costs increase. Right now they are being held down by virtual slave labour conditions.
Also as you mentioned food inflation.
Education costs can be managed with public vs private options.
Electricity and water are subsidised by the government (mostly for industry actually ).
Ask an illegal SE Asian migrant worker that worked their assess off with 10000 TWD a month, they think a proper migrant worker salary of 17-20K would be good.
Ask a SE Asian migrant worker that worked their assess off with 17000 to 20000 TWD a month, they think a standard convinience store salary of 30K would be good.
Ask a TWnese salaryman that worked for 30-40K a month, they think that a salary of 50-60K would be good.
Ask an English teacher in a buxiban with 50-60K salary, they think 80-100K would be good.
Ask a software engineer with 80-100K salary, they think 160K (gold card threshold) would be good.
Ask an engineering manager with 160K, they think 300K a month, would be good.
Ask people in an online forum about living in Taiwan with allegedly 300 K a month, nothing is good enough for them.
Nice try. Read any international news story where an amount of money is being discussed. On rare occasion it’s Euros or pounds, but it’s nearly always US dollars, and the dollar sign $ with no other specifier is USD. If Taiwan “dollars” are being discussed in English in Taiwan it’s NT, or NTD, or TWD, or, if you absolutely insist, NT$.
Here in Taiwan, if I’m sitting around with my friends and colleagues from Taiwan, Canada, Australia, Mexico, Colombia, New Zealand, Korea, India, Singapore, and South Africa, and we are discussing dollars, it’s US dollars. That’s the global standard. I’m not saying that’s fair, but it is. When you say someone makes $28k per year, you’re talking US dollars unless otherwise specified.
depending on how much you spend on rent and education.
100K for a family of 4 will give you a comfortable life style (including taxis, extra activities for kids, eating out etc.)
but this is without any savings
In Taipei? It would be pretty rough, which is why most families of four have at least two incomes. Outside of Taipei I think it would be doable if you don’t have a lot of education/childcare expenses and don’t go on too many costly family outings/vacations. You could probably even throw an old car into the mix since parking is cheaper outside of Taipei, and auto repair is cheap in Taiwan in general.
This has probably been addressed above, but I suspect for many of us “good” salary = whatever we make now, +20-30%. Many of us live reasonably well within what we make, but always, always wish there were more for fun or a bit extra - or, as we get older, more for retirement.
Ha. Okay, fair enough, but come on! It’s all different bright colors with cartoonish photos, and worth very little so you can pretend you’re a big spender throwing hundreds around. It’s just like Monopoly money!