Mar 27, 2018 Market Comments Off on Taiwan lodges complaint with Forbes magazine over misleading article
Taipei, Taiwan's foreign ministry said Tuesday it has lodged a complaint with Forbes magazine over a misleading article that describes wages in Taiwan as comparable to those of Mexico.
The Ministry of Foreign Affairs (MOFA) has lodged a formal complaint with the magazine and asked it to rectify the problem, MOFA spokesman Andrew Lee (???) told CNA.
Titled "Why Taiwan's wages are as low as Mexico's," the article published on March 19 claimed that the average monthly salary of Taiwanese workers was US$1,288 last year, which is a few dollars higher than Mexican workers, who made US$1,276 per month.
However, the wage figure for Taiwan quoted in the Forbes article does not include overtime pay and bonuses, and was not calculated based on purchasing power parity (PPP), as the Mexican figure was, according to an earlier MOFA release.
Based on PPP data provided by the International Monetary Fund, Taiwan's average monthly salary in 2016 was 2.1 times higher than in Mexico, it said.
The article was published by Forbes without verification and thus the foreign ministry has lodged a formal complaint, the release said.
Source: Focus Taiwan News Channel
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