A Bloomberg article last week about the loss of Taiwanese jobs to China has drawn mixed reactions. The article attributed the losses to the nation’s sluggish easing of investment rules and slow development of the service industry, saying these have caused Taiwan to fall behind Singapore and Hong Kong.
Some sources attributed job erosion to the government’s China policies, which they said helped domestic manufacturers relocate to China in the shortest time possible without creating jobs at home. Others said Taiwan was facing a labor shortage, rather than high unemployment, with the nation’s unemployment rate falling to 4.27 percent in May, its lowest level in 33 months, after peaking at 6.13 percent in August 2009.