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Too many taiwanese with post graduate or professional education and the pay for professionals in Taiwan is similar to a common job elsewhere which does not require high school qualification and english.
Those with a degree from a famous college in the US do not have much advantage over the Taiwanese who studied in Taiwan.
I would say studying too much is useless.
South Koreans nowadays earn more on average than Taiwanese.
How much do people in Taiwan earn compared with Slovenia, Czech republic, Slovakia, Estonia, Greece and Portugal?
Do people in Spain or Taiwan live better by their income? (I would say Taiwanese are better because Taiwan is cheaper than the Eurozone)