Workers' Struggles Revealed: Debt Crisis Among Employees This Labor Day

As Labor Day approaches, a recent survey conducted by a manpower bank reveals the harsh realities of Taiwanese workers facing long hours, financial stress, and an imbalance in quality of life.
Over 70% of respondents reported insufficient time spent with family and partners, and 31.2% of workers find themselves in a situation where 'liabilities exceed assets,' forcing them to live in debt.
The survey indicates that employees work an average of 9.7 hours per day, with 16.5% clocking in over 12 hours, which reflects that many are on the brink of 'exhaustion.' 63.3% of these workers are already considering quitting their jobs due to concerns over burnout.
Despite working long hours, they cannot escape a cycle of financial struggle. 31.2% of employees are in debt greater than their assets, while those without debt have an average net worth of only NT$359,000, illustrating the decline of the 'middle class.'
With a prevailing culture of overtime, extended working hours lead to fatigue and deteriorating health, affecting both work efficiency and quality of life. Experts call on the government and businesses to address worker needs, not just focusing on salary figures, but also improving workplace environments to reduce burnout risks and enhance work-life balance. Failing to do so will negatively impact corporate performance and hinder overall economic growth.