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Trade union demands 6% pay rise

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The Confederation of Trade Unions (CTU) want a 6% pay rise for workers RTHK reported.

The confederation’s Lee Cheuk Yan speaking to the radio station said, “We estimate the cost of living increased should be at least with inflation 2.2% so we calculated about 6% as a pay rise so actually that means we can share in the prosperity created by the workers.”

CTU chairwoman Carol Ng said at a press conference over the weekend that a failure by employers to offer such increases would hurt staff morale. Adding that wages have lagged behind productivity growth.

The private-sector pay in the second quarter of this year rose 1.7% year-on-year, while Hong Kong posted an almost 4% increase in real GDP growth.

When pressed if 6% was too much if inflation estimates were only 2.2% Lee added,  ” It’s very unfair to just talk about inflation.We create the prosperity, we create profit for the employer and economic growth, but we are not really improving our livelihoods, we are not improving our living standards.”

Hong Kong is world’s second-most unequal city in terms of income, according to the household income distribution report released in June by the Census and Statistics Department.

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