The Executive Council passed yesterday (10th) to raise the statutory minimum wage from 37.5 yuan to 40 yuan per hour, an increase of 2.5 yuan or 6.7%, and it will take effect on May 1.
Lin Zhensheng, a member of the Legislative Council of the Federation of Labor Federation, said on a radio program today (11th) that the increase this time only catches up with the inflation in the past two years, but the minimum wage has been frozen for four years, and even if it is adjusted to 40 yuan, it will not be able to recover the cumulative price increase in the past four years , Working for an hour can't even afford a lunch in a tea restaurant.
Lin Zhensheng said that as the government relaxes the epidemic prevention measures and Hong Kong's economy returns to normal, job vacancies in the market have increased significantly, and he is not worried that raising the minimum wage level will lead to an increase in the unemployment rate.
He predicted that the ripple effect caused by the increase in the minimum wage level would not be obvious. He believed that when employers decide to adjust the wages of middle-level wage earners, they mainly consider the company's profit and work performance. You will receive a salary increase due to the increase in the minimum wage level.
He believes that the data for 2021 shows that about 73,000 people earn less than 40 yuan an hour and can benefit from the latest minimum wage level. It is believed that the current number of beneficiaries is even smaller.
He urged the government to review the minimum wage level more flexibly. For example, if the level is frozen in a certain year, it will be reviewed in the next year instead of two years later. He also pointed out that the society clearly hopes that the government will change the minimum wage level to an annual review.
Zhen Weiqiao expects the cost of outsourcing to rise by 10%
Zhen Weiqiao, chairman of the Hong Kong Property Service Alliance, believes that the increase of the minimum wage to 40 yuan this time is a normal adjustment. Because the government has reformed the bidding system, the higher the salary offered, the higher the score. Therefore, the wages of employees in general are already higher than this level. I believe some Security guards or cleaners in small buildings and housing estates will benefit.
However, he estimates that the increase in the minimum wage level may cause a ripple effect, increasing the cost of outsourcers by about 10%, which may eventually be passed on to consumers.
The minimum wage is $40｜The Federation of Trade Unions denounces that only chasing inflation is difficult for the grassroots to live with dignity: accrual of economic achievements will raise the quasi-minimum wage to $40 an hour, and it will take effect on 5.1 Sun Yuhan: The minimum wage has been fully equalized to discuss the minimum wage｜Yan Wenyu advocates the establishment of an "adjustment equation" The annual inspection covers the price and labor index, the minimum wage underperforms inflation, and only 20,000 people benefit from it. Chen Zuheng retorts: Employers are willing to pay higher wages
