Hong Kong minimum wage increase from 1 May 2013
The Hong Kong Minimum Wage Ordinance (Cap. 608) came into force on 1 May 2011 and introduced a statutory minimum hourly wage rate of HKD28 (£2.33). With effect from 1 May 2013, the statutory minimum hourly wage rate will be increased for the first time to HKD30 per hour — an increase of 7.1 per cent.
The Minimum Wage Commission (the Commission) is tasked by the Ordinance to make recommendations to the Chief Executive regarding the statutory minimum wage rate at least once in every two years. When doing so, the Commission must have regard to the need to maintain an appropriate balance between the objectives of forestalling excessively low wages and minimising the loss of low-paid jobs, and to sustain Hong Kong’s economic growth and competitiveness…
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