MINIMUM WAGE SYSTEM
Hong Kong - The minimum wage figure will most likely increase the wages of Hong Kong citizens by 11%, but it will still not be ideal for them.
The worker unions have been requesting for a minimum hourly salary of HK$33 (S$5.70) while employers prefer to pay their employees HK$24 (S$4.20) an hour. Hence, the Hong Kong government is likely to settle for HK28 (S$4.90), reported BBC News. However, Hong Kong citizens are not likely to be contented with the final wage figure proposed by the government.
Union legislator Lee Cheuk-yan said the government has acknowledged the need for lowly paid workers to make more money so they will not be worried about not having enough to make ends meets. "A very large or huge income disparity actually is not good for stability," Lee said. He thinks the government is implementing the minimum wage system to appease the citizens.
Since many low-paid employees are expected to work long hours, Lee thinks that it affects their health and compromises the time they can spend with their families.
Although the unions insist that having a minimum wage model will boost the country's stability, employers are never for the idea as they feel it would be harmful to the economy.
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