Don't miss out! Analyzing how the history of basic wage increases affects the salary structure

As prices continue to rise, the increase in basic wages has become a topic of great concern to all sectors.The adjustment of basic wages not only directly affects the quality of life of workers, but also has a far-reaching impact on the overall salary structure and economic environment.. This article will reveal the history of minimum wage increases, the legal regulations behind them, and how these changes affect today's salary structure.

A review of the history of basic wage increases

The history of basic wage adjustments can be traced back to the Republic of China period, gradually increasing from the initial standard of 300 yuan per month to the current 28,590 yuan. The following areSummary table of "annual basic salary" and "salary increase", clearly showing the annual adjustments.

As shown in the table above, the growth rate in some years is particularly prominent, such as, the adjustment of basic salary reached an astonishing 300%. The impact of such adjustments on workers’ quality of life is self-evident.

Legal framework for basic wages

Definition of basic salary

according to" Labor Standards Act”,Basic salaryIt refers to the remuneration received by workers during normal working hours and does not include additional wages such as overtime and holidays. Such a definition ensures the basic rights of workers and guarantees their minimum living standards.

Who is responsible for setting the base salary?

according to" Labor Standards ActAccording to Article 21 of the Regulations, the basic wage shall be formulated by the Basic Wage Review Committee of the central competent authority and submitted to the Executive Yuan for approval. This process reflects the opinions of both labor and management and guarantees a minimum standard of living by law.

How to set basic salary?

The basis for setting the basic wage includes factors such as the price index and the national economic situation. This means,Adjustments to the base wage must take into account changes in the cost of living and workers’ purchasing power.. The government's goal is to promote social harmony and economic stability by adjusting the minimum wage.

How base salary affects salary structure

Changes in salary structure

The increase in basic wages will directly affect the salary structure of enterprises, especially low-wage industries. The following areComparison table of "annual basic salary" and "national income and consumer price index", clearly showing the multiple impacts of the basic wage increase.

With the increase in basic wages,Companies must make adjustments to their salary structures to attract and retain talent. Many industries are facing the pressure of salary competition, especially the salary packages for new employees, which has led to a continuous increase in the overall salary level.

Improved quality of life

The most direct impact of increasing the minimum wage is that the quality of life of workers is improved. In the context of rising prices, the increase in basic wages allows workers to better cope with living expenses, which is one of the fundamental purposes of the government in setting a minimum wage.

Changes in labor-management relations

As the basic wage increases, workers' bargaining power improves and their expectations of companies also increase accordingly. This requires companies to take workers' needs and market trends into greater consideration when formulating compensation policies. The increase in basic wages is not only a benefit to workers, but also promotes the transparency and fairness of corporate salaries.

in conclusion

By reviewing the history of basic wage increases, we can clearly understandHow basic salary affects the salary structure and the overall economic environment. With the continuous adjustment of the basic wage, the quality of life of workers is guaranteed, while also promoting social harmony and stability. In the future, paying attention to changes in basic wages will help us gain a deeper understanding of labor rights and socio-economic development.

In this context, workers, businesses and governments will all benefit from a wage structure based on fairness.