Guangdong Increases Minimum Wage by 21%

The Guangdong Labour and Social Security Bureau will raise the average minimum wage in the province by between 19.5% and 24.5% beginning this May, reports the South China Morning

Post.

 

The Post says the increase aims to contract the income gap and alleviate the labour shortage that has been giving problems to the province's manufacturing industries for more than a decade.

 

The announcement, however, is not good news for factory owners. The Federation of Hong Kong Industries says the wages had been increased beyond expectations, adding that the rise would mean additional financial burden to employers and could exhaust the competitive advantage of some labour-intensive industries, says the Post.
 

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