The minimum wage or the freezing of capital Guo Zhenhua: increasing pressure will lower business confidence

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Written by: Huang Weilun

2020-09-25 10:09

Last update date: 2020-09-25 10:09

The epidemic has hit various industries. It is reported that the Minimum Wage Committee, which is responsible for reviewing the minimum wage level, has completed the biennial minimum wage level review. The Chinese capital tends to freeze the current level, and the minimum wage may remain at 37.5 yuan in the next two years.

Guo Zhenhua, a member of the management of the Labor Advisory Committee, said on a commercial TV program this morning (25th) that if the minimum wage level is raised, in addition to adding pressure, under the epidemic, "the confidence to continue (business) will be lowered again."

He also said that the actual market wages are constantly changing, "I can't get a raise when I see good employees."

Guo Zhenhua said that raising the minimum wage will add pressure to employers.

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Guo Zhenhua said on the commercial TV program "Starting on a Sunny Day" this morning that under the epidemic, the government launched the employment guarantee fund, and employers have "confidence to go with it." However, if the minimum wage is raised, it will increase operating pressure and make "thinking about it." The confidence to continue (operate) will be lowered again."

He agrees that when the economic environment is poor, the situation at the basic level is worse, so he believes that they need an immediate job.

The Minimum Wage Committee reviews the minimum wage level every two years. Even if the economy improves next year, the minimum wage will not be raised.

In this regard, Guo Zhenhua admitted that the mechanism is difficult to change, but the global economic environment is not good and I believe it will not be reversed next year.

He also said that the actual market wages are constantly changing and there is an adjustment mechanism. "If you see a good employee, there is no way to raise the salary." Otherwise, the employee will leave.

Minimum wage or freeze for two years, the Federation of Trade Unions approved a disguised wage cut should be increased to 39.3 yuan

News: Labor and management cannot reach the consensus minimum wage or "freeze wages" to maintain an hourly wage of 37.5 yuan for more than two years

The Minimum Wage Committee will start an 8-week public consultation to review the statutory minimum wage level today

Minimum wage, labor protection, labor laws