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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Taiwan's Average Monthly Salary Near $49,000, But 70% Earn Below It: Key Reasons Revealed

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • The average monthly salary in Taiwan was about 49,000 NT dollars in the first half of 2023.
  • However, 70% of employees earned less than this average.
  • This disparity is attributed to a small number of high earners skewing the average and other factors.

The average monthly salary for employees in Taiwan hovered around 49,000 NT dollars in the first half of 2023, according to the latest statistics from the Directorate-General of Budget, Accounting and Statistics. Despite this average, a significant majority of workers, approximately 70%, earned less than this figure.

This wide gap between the average and the typical worker's earnings is primarily driven by a phenomenon known as the "pull effect" of a small segment of high-income earners. Their substantial salaries disproportionately inflate the overall average, making it appear higher than what most employees actually receive.

Beyond the influence of top earners, other factors also contribute to this salary discrepancy. The specific details of these additional reasons were not elaborated upon in the provided information, but they collectively contribute to the reality that most Taiwanese employees do not reach the reported average monthly income.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.