HK Employers Back Proposed HK$24.30 Wage Rate

The majority of Hong Kong employers believe a HK$24.30 minimum hourly wage rate is feasible, says the South China Morning Post, citing a survey conducted by the Employers' Federation of Hong Kong.

 

According to the Post, employees of some federation members are currently paid below HK$24.30 an hour. Sources of the Post say that overall salaries are expected to increase between 1% to 2% this year.

 

"While minimum wage advocates cite the benefits of higher living standards and poverty alleviation, critics argue that it worsens unemployment because workers with more skills will be preferred than those with little or no work experience," notes the Post.

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