Legislator Calls For Minimum Wage Increase

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-04-13 HKT 17:13

Share this story

facebook

  • The current minimum wage is set at HK$37.50. Image: Shutterstock

    The current minimum wage is set at HK$37.50. Image: Shutterstock

Unionist legislator Lam Chun-sing on Wednesday called on the government to increase the minimum wage by at least the rate of inflation, pointing out that it’s been years since it was adjusted.

The Minimum Wage Committee is to start a six-week consultation on the issue from April 20, before submitting its recommendation to the government by the end of October.

The current minimum wage is set at HK$37.50. Last year, it was frozen for the first time since its implementation in 2011, because of the Covid pandemic.

Lam, from the Federation of Hong Kong and Kowloon Labour Unions, said the minimum wage was last increased in 2019 and the purchasing power of grassroots workers has since been eroded.

“Although Hong Kong is still in the midst of the pandemic and faces an economic downturn, there was still some inflation in the past few years, such as rent, food prices and other basic necessities,” he said.

“If we do not adjust the minimum wage level, they can't maintain their purchasing power and living standard. It’s difficult for them to make a living.”

The legislator dismissed concerns that an increase in the minimum wage would adversely affect many companies, saying government statistics show only around 15,000 workers earn the minimum wage.

“We understand that [the companies] face many difficulties under the pandemic, but if it stabilises more companies can operate their business, they can use higher wages to hire workers,” Lam said.

RECENT NEWS

Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028

Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more

SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets

The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more

WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency

WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more

Fusion Bank Completes Core Banking System Migration In 10 Months With Tencent Cloud

Fusion Bank, a licensed digital bank in Hong Kong, has completed its migration to a new core banking system in collabor... Read more

Hong Kong Banks Can Begin Issuing Credit Cards In Mainland China From March 1

Hong Kong banks’ mainland credit cards will soon be available in mainland China, marking a significant step towards d... Read more

SFC Introduces ASPIRe Roadmap To Strengthen Virtual Asset Market In Hong Kong

The Securities and Futures Commission (SFC) outlined 12 key initiatives under the SFC virtual asset ASPIRe roadmap to e... Read more