Taiwan’s ‘stuck’ generation: Young adults hit by high costs, low pay. What can be done?

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One graduate spends almost a third of his salary renting a 72-sq-ft room. One observer says some Taiwanese youths can afford a home only if they ‘don’t eat or drink’ for 20 years. Why are some in Taiwan ‘stuck’?

He remembers watching the film Jurassic Park as a child and being fascinated by the special effects and technology used to bring the prehistoric creatures to life.

But with his monthly salary at NT$32,000 , he has had to take on multiple jobs. Besides delivering food ad hoc, Wang works part-time as a dishwasher in a restaurant and does translation work for a television series.His dream has been put on hold for now. “I want to make movies and touch people’s hearts,” he said wistfully. “But I’m not sure I’ll ever achieve my dream.Wang is not alone in finding things hard after graduation.

But the current generation faces a different economic environment and labour market from before, Lee said. According to official statistics, over the past 10 years, Taiwan has seen single-digit growth. This year, growth is projected to dip to 2.04 per cent.At the same time, there is an oversupply of college graduates.

“It seems that there’ll be people to take up the job even if they offer low pay,” said Liu Mei-chun, the chair of the National Chengchi University’s Graduate Institute of Labour Research. “As a result, there’s no pressure to better pay.” He had two choices: Stay in the industry — which he described as more aligned to his passion — or look for roles only “somewhat related” to what he wanted to do. He ended up in a media start-up, where his job scope includes writing proposals, managing events and dealing with marketing strategies.

It took 30-year-old Kao Min-ru four years to throw in the towel as an engineer in a global bicycle company. At that point, she was earning NT$32,000 monthly, which was NT$5,000 more than her starting salary as a fresh graduate. “I’d been working in this company for four years, but my salary hadn’t reached NT$40,000,” she said. “It made me wonder — after working so hard, I was still stuck at the same level.

Besides, many of these SMEs tend to be family-owned, which means high-level positions tend to stay within the family, said Hung. “If you hold a middle management position, you still won’t have the opportunity to gain ownership.” “Without a clear sense of their interests, they may choose a field that’s popular or perceived as interesting by others,” he said. “After investing four years and a considerable amount of effort, they may realise that the industry isn’t as promising as they initially thought, or the job isn’t what they expected.”

 

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