The quasi-minimum wage of guilds was raised to $40 an hour, and 5.1 took effect Sun Yuhan: It has been fully discussed

The statutory minimum wage has been frozen for 4 years, and will be raised from the current 37.5 yuan per hour to 40 yuan per hour at the end of May this year.

According to sources, the Executive Council this morning (10th) approved an increase in the minimum wage level to 40 yuan per hour, which will be gazetted this Friday.

It came into effect on May 1 this year.

The Minimum Wage Committee, composed of labor, capital, education, government, and government, reached a consensus earlier and suggested to the government to increase the minimum wage by 2.5 yuan to 40 yuan per hour, a rate of 6.7%.

The government officially announced in the afternoon that the Executive Council has accepted the recommendation of the Minimum Wage Commission to increase the minimum wage level from the current 37.5 yuan per hour to 40 yuan, an increase of 2.5 yuan or 6.7%, and will submit it to the Legislative Council next Wednesday (18th) .

If passed by the Legislative Council, the revised statutory minimum wage will come into effect on May 1.

Sun Yuhan, Secretary of the Labor and Welfare Bureau, said that after careful consideration, the government believes that the committee has conducted a comprehensive and fair discussion and properly performed its statutory function of reviewing the statutory minimum wage level, and the committee's recommendations have also prevented wages from being too low and minimized low wages. strike an appropriate balance between the objective of job loss, while taking into account the maintenance of Hong Kong's economic development and competitiveness.

In 2011, the first freeze in 2021 was raised four times

The minimum wage was implemented in the first year in 2011, when the hourly wage was 28 yuan. It has been raised four times since then, but it will be frozen at 37.5 yuan in 2021.

In the new round of minimum wage level review launched last year, the Minimum Wage Committee reached a consensus and submitted a minimum wage level proposal to the government, raising the minimum wage level by 2.5 yuan to 40 yuan per hour, a rate of 6.7%.

About 73,000 people are expected to benefit

According to sources, the executive council approved the increase this morning, and it is expected to be gazetted this Friday, and will be submitted to the Legislative Council for discussion later, and will be implemented on May 1 this year.

According to the 2021 annual survey of income and working hours by the Census and Statistics Department, there are 73,300 people earning less than RMB 40 per hour. If the minimum wage is raised to RMB 40 per hour, at least 73,000 people will benefit.

The labor circle had earlier expressed dissatisfaction with the increase, but was worried that if the committee could not reach a consensus, the minimum wage might be "frozen" again, so it had to reluctantly accept it.

Minimum wage｜Yan Wenyu advocated the establishment of an "adjustment equation" to cover the price and labor index once a year. The minimum wage underperformed inflation, and only 20,000 people benefited. Chen Zuheng rebutted: Employers are willing to pay higher salaries. Review of the wage mechanism for the minimum wage outsourced by the government｜Sun Yuhan did not respond to the inspection once a year and Guo Weiqiang criticized 0: Zhong is administratively dominated?