At Thursday's weekly Cabinet meeting, Premier Cho Jung-tai received a Ministry of Labor briefing on adjustments to the national minimum wage. The premier said that, based on the Minimum Wage Deliberation Committee review, the minimum wage will be raised in 2027, with the monthly minimum increasing from NT$29,500 (approximately US$926) to NT$30,900 (approx. US$970) and the hourly minimum from NT$196 (approx. US$6.15) to NT$205 (approx. US$6.44). This change is expected to benefit more than 2.61 million workers, 84% of whom are local workers.
Premier Cho noted that the government has raised the national minimum wage for 11 consecutive years since 2016, bringing the cumulative increase to nearly 54% for the monthly wage and 71% for the hourly wage. This most recent NT$1,400 increase in the monthly wage is also the largest since 2016.
The premier said Taiwan's economic growth rate is projected to reach 11.05% this year, the highest in 39 years. This milestone is a testament to the concerted efforts of businesses, workers and people across Taiwan. Thus, in addition to these minimum wage hikes, the government will continue to strengthen support for its enhanced program to support and grow micro-, small and medium-sized enterprises (MSMEs). The program provides concrete incentives for businesses to improve workers' well-being while driving comprehensive, prosperous development across all industries nationwide.