Low pay, unaffordable home prices irk young workers: poll

Taipei--Low salaries and unaffordable home prices are the two major sources of discontent among young working adults in Taiwan, according to a survey released Monday by an online job broker.

The survey conducted by 1111 Job Bank found that 95 percent of employees aged 21-30 are not satisfied with their jobs.

On the job, they are the most displeased with the low pay (77.3 percent), long work hours (33.3 percent) and scant opportunities for young people (29.2 percent), the survey showed.

Regarding their living situation, 78.7 percent are unhappy because they cannot save money or buy homes, according to the poll.

Meanwhile, 61.1 percent complained about high consumer prices and 45.8 percent lamented a lack of resources, the poll showed.

Lee Ta-hua (???), vice president of the job bank, said that although the average monthly salary of workers in Taiwan rose to a record high of NT$48,790 in 2016, inflation has reduced it to NT$46,422.

That figure is even lower than the average NT$46,605 recorded in 2000, Lee said.

Furthermore, Taiwan's overall income to home price ratio has climbed to 8.97, and in Taipei has hit 15.07, which makes it hard for young people to buy their own property, he said.

The survey was conducted between March 23 and April 6 on 648 people aged 21 to 30.

Source: Focus Taiwan News Channel