Labor shortage and unutilized labor reserve in Taiwan

By 1965, Taiwan has changed from a labor surplus economy into a labor shortage economy. This article examines how rising demand for labor due to rapid economic growth in Taiwan has been met since 1965. This article attempts to answer 1) Where did the labor supply come from? 2) Has all of the potential labor supply been tapped and exhausted? 3) Is it possible for labor shortage and unutilized labor reserve to occur simultaneously? The authors hope that this study will lead to a better understanding of the limitation of the free market mechanism and help identify the proper public policies to enhance labor utilization

Economic shortage · Economics · Excess supply · Government (linguistics · Labor demand · Labor relations · Labour economics · Macroeconomics · Market economy · Secondary labor market · Supply and demand · The labor problem · Wage · Asian Industrial and Economic Development · Labor Movements and Unions · Social Policy and Reform Studies

• Economic Growth and Structural Change in Taiwan. The Postwar Experience of the Republic of China

  Philip Richardson, Walter Galenson•The Economic Journal•1980

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