Re­cent col­lege grad­u­ates dis­sat­is­fied with salaries

The China Post - - TAIWAN BUSINESS -

Fresh col­lege grad­u­ates’ salaries are lower than their ex­pec­ta­tions, with many even hav­ing trou­ble just mak­ing ends meet, ac­cord­ing to a sur­vey is­sued on Mon­day.

Based on a sur­vey car­ried out by yes123 Em­ploy­ment Agency, the ac­tual av­er­age monthly salary of a col­lege grad­u­ate is NT$25,694 (US$780). But their ex­pected monthly salary was NT$28,498. As a re­sult, the gap be- tween re­cent grad­u­ates’ monthly “ex­pected salary” and “real salary” was NT$2,804.

Fur­ther­more, spe­cial­ists are wor­ried that there is a “low wage curse” plagu­ing Tai­wan’s youth. This de­scribes those re­cent grad­u­ates re­ceiv­ing a salary of less than NT$22,000. And those with such a low salary ac­counted for 30 per­cent of the grad­u­ates sur­veyed.

To ex­ac­er­bate the sit­u­a­tion, the cost of daily ba­sic ex­penses al­ready eats up half of their to­tal salary. Of those sur­veyed, 55 per­cent of re­spon­dents in­di­cated that even with full- time jobs, they still can­not af­ford to set aside any money for sav­ings each month.

This group of poorly paid grad­u­ates has been dubbed “the moon­light group,” a term which has been used to de­scribe young peo­ple who burn through their en­tire salaries by the end of each month.

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