Hey Rheno,
You're a laugh riot - 747 indeed. Can't give you much information about prices in Taiwan, but you should get paid close to twenty bucks an hour American. Albeit, be careful, Taiwan businessmen are very crafty. I've been ripped off twice by them here in China, and if you were to talk to enough Chinese laborers that have worked for them here on the Mainland, you would discover that they've been exploiting the poor Chinese workers for quite awhile. On the other hand, I've also heard that you can do very well in Taiwan by taking side jobs teaching conversational English to businessmen who will actually pay you to go out with them and talk to them as you are wined and dined.
One other interesting thing that I've heard is that it seems to be quite common in Taiwan that they expect you to sign a contract that guarantees a positive outcome. In other words, student motivation be damned - if they don't succeed, it's your fault and you have to rescind a portion of your pay.
Well, you know the deal; be careful and good luck. I'd like to know how it turns out for you, so please keep us posted.