During a meeting with representatives from Taiwan's business sector, President Ma Ying-jeou said that the government will allow more foreign and mainland investments in Taiwan. This plan is expected to greatly improve the employment environment in the future, as well as the minimum wages for workers. However, many are opposing to the idea of raising the minimum wages, saying that it will benefit only foreign laborers, rather than local employees.
President Ma Ying-jeou, Premier Wu Den-yih and legislative speaker Wang Jin-pyng were invited to attend the 2011 New Year's reception organized by 6 major business and industrial groups.
Last year's figures of import and export trade volume and economic growth rate in Taiwan were out
President Ma said the administration would ease restrictions on foreign and Mainland investment to create a better employment environment.
While the economy is picking up, labor workers are pushing for pay raise.
Council for Labor Affairs minister Jennifer Wang said the government would readjust the basic wages first so labor workers would enjoy the benefit of the country's economic growth.
While business leaders say they are willing to approve pay raise, they oppose the plan to adjust basic wages in order to protect the rights of local labors.
Starting from early this year, many companies offer employees an average 3% pay raise.
Business leaders say they can cooperate with the administration's policy to freeze Filipino labor workers for the country's dignity.
Most likely, the ones benefitted the most from the wage adjustment are foreign labor workers.
Council for Labor Affairs plans to have a meeting on basic wages revision and invites experts and scholars for further discussion before making the final decision.
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