HK$1 minimum wage rise unlikely to significantly lift low-paid incomes, experts say
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Experts have warned that the HK$1 (13 US cents) increase in Hong Kong’s minimum wage, which takes effect on Labour Day, is unlikely to significantly boost low-paid workers’ incomes, but should help preserve purchasing power and ease labour tensions under a new formula.
Human resources expert Alexa Chow Yee-ping, managing director of ACTS Consulting, said the latest rise broadly aligned with recent pay trends.
“The actual impact is not significant, as the increase is roughly the same as last...
Human resources expert Alexa Chow Yee-ping, managing director of ACTS Consulting, said the latest rise broadly aligned with recent pay trends.
“The actual impact is not significant, as the increase is roughly the same as last...
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