[Hong Kong] Business leader deems minimum wage rise ‘inappropriate’

[Hong Kong] Business leader deems minimum wage rise ‘inappropriate’
14 Oct 2020

Increasing Hong Kong's minimum wage would be inappropriate in a struggling economy, a prominent business leader said at the weekend, despite other countries raising the hourly pay for their lowest-paid workers. Jimmy Kwok Chun-wah - Federation of Hong Kong Industries honorary president - defended a suggestion that the rate should remain at HK$37.50 (US$4.80).

He warned that more workers could be forced to take unpaid leave in the wake of the government’s decision not to extend the wage subsidy scheme. In Britain, the national minimum wage (for workers over the age of 21) has been £6.50 (HK$64) an hour since 2014 and the hourly minimum wage in New York is $15. Members of the Minimum Wage Commission had reportedly failed to reach consensus on a new level for the index since its 2011 introduction. Yahoo! News reports the story with trade union reactions. (Link via original reporting)

Increasing Hong Kong's minimum wage would be inappropriate in a struggling economy, a prominent business leader said at the weekend, despite other countries raising the hourly pay for their lowest-paid workers. Jimmy Kwok Chun-wah - Federation of Hong Kong Industries honorary president - defended a suggestion that the rate should remain at HK$37.50 (US$4.80).

He warned that more workers could be forced to take unpaid leave in the wake of the government’s decision not to extend the wage subsidy scheme. In Britain, the national minimum wage (for workers over the age of 21) has been £6.50 (HK$64) an hour since 2014 and the hourly minimum wage in New York is $15. Members of the Minimum Wage Commission had reportedly failed to reach consensus on a new level for the index since its 2011 introduction. Yahoo! News reports the story with trade union reactions. (Link via original reporting)

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