Recent college graduates dissatisfied with salaries
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.