The guild today (10th) raised the minimum wage to 40 yuan, which will take effect on May 1 this year.
Guo Weiqiang, member of the Legislative Council of the Federation of Trade Unions, estimates that after raising the minimum wage to 40 yuan, only 70,000 people will benefit, which is not enough to respond to labor demand. He urges the government to reform the adjustment mechanism and include living index and economic results into the equation for calculating the minimum wage .
Party member Liang Ziying said that she had discussed with the business community the minimum wage review period, and the business community expressed support for changing from "every two years" to "annual".
Leung Ziying: The business community supports changing from "two-year inspection" to "annual inspection"
Regarding the last adjustment of the minimum wage in 2019, Guo Weiqiang believes that it is extremely unfair to workers to adjust the minimum wage every four years.
He pointed out that when the minimum wage was 37 yuan, about 14,000 people benefited, accounting for 0.5% of the working population; and now that the minimum wage is raised to 40 yuan, it is estimated that about 70,000 people benefited, accounting for 0.5% of the working population. 1.8% believed that after the salary adjustment, the target audience is still "small and narrow", and they still aim at "chasing inflation", making it difficult for workers to share Hong Kong's economic achievements.
He suggested that the government include the living index and economic performance into the minimum wage equation, so that the overall gap between rich and poor can be narrowed.
He also urged the government to implement the "annual inspection" as soon as possible.
Liang Ziying said that the labor sector had no choice but to accept the "two-year inspection" plan. The government said at the time that "at least one inspection every two years", but it eventually evolved into "two-year inspection", thinking that the government was playing legal loopholes.
He said that under the current system, it is difficult for low-income workers to live with dignity on their own.
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