Taiwan economy - an ageing tiger in need of cubs

People throw smoke grenades during the annual Labour Day protest in front of Presidential Office in Taipei, Taiwan, in this May 1, 2015 file picture. REUTERS/Patrick Lin

TAIPEI (Reuters) - Jason Tsai is among the few in Taiwan with excellent English, but two years after graduating from university the highly sought language skill has failed to secure him a well-paying job.

Tsai has been pulling in an average monthly pay of T$15,000 (305 pounds) through part-time work, below the minimum wage of T$22,000 for college graduates and one-fourth of the retirement-pension received by state employees.