Top 5 Questions to Calculating Minimum Wage in Hong Kong ... HK$32.50 (US$4) per hour Hong Kong's minimum wage was last changed in 1-May-2015. In terms of emotional heat and public controversy, the debate over the minimum wage for Hong Kong lags not far behind political reform. Hong Kong Reviews the Minimum Wage Amount Taking Effect ... In this website, you will see, hear and read different… The Minimum Wage in UK Aged 16-17 Aged 18-20 Aged 21 or over £3.57 £3.64 £4.83 £4.92 £5.80 £5.93. Minimum Wage Ordinance in Hong Kong Confirmation of Student Status for "Work Experience Student" under Minimum Wage Ordinance (Cap. Firms profitability 6 5.3. Higher minimum wage would do HK no harm EJINSIGHT ... But the agreed level - likely to raise the earnings of 11% of the working population . In May 2011, Hong Kong implemented a minimum wage policy of HK$28 per hour. Hong Kong's Trade Unions Are Under Attack Photo: Winson Wong. 5. The last raise came into effect in 2015. PDF Minimum Wage Ordinance - Hong Kong e-Legislation Wage period (1) The wage period of an employee is the period in respect of . Most members tend to agree to freeze the minimum wage level. Hong Kong is about to enactits first minimum wage, which will likely be around 28 Hong Kong dollars, or US$3.61, per hour. Hong Kong Minimum Hourly Wages | 2022 Data | 2023 Forecast ... Answer: I think it's a good thing. On 2 February 2021, the Hong Kong government announced that the statutory minimum wage (SMW) rate will remain at HK$37.50 per hour following a review by the Minimum Wage Commission. Concurrently, the monetary cap on the requirement of employers keeping records of the total number of hours worked by employees is also revised to $15,300 per month. At present, the minimum wage sits at HK$37.5 per hour and applies to all local workers apart from domestic helpers. On 2 February 2021, the Hong Kong government announced that the statutory minimum wage (SMW) rate will remain at HK$37.50 per hour following a review by the Minimum Wage Commission. The minimum wage in Hong Kong will remain unchanged at HK$37.50. Introduction 2 3. Employment 5 5.2. It's worth noting that the SMW is described by the Labour Department as a wage floor, to protect grassroots . Impacts - 15 months later 5 5.1. Economic cycle considerations 9 7. 7. The initial minimum wage level was established in the form of subsidiary legislation once the principal minimum wage bill had passed, recommending a rate to the Chief Executive. Discussion. In Germany, the minimum wage is $10.10 an hour while in Taiwan, the minimum wage stands at $4.90. Seeing that there is a great controversy over the law of minimum wage, we hope to let the public understand more about minimum wage, including its history, pros and cons of the law, etc. Introduction in Hong Kong - May 2010 3 5. 2.1 Process of the Minimum Wage Commission in reviewing the Statutory Minimum Wage rate 26 2.2 Summary of the Array of Indicators considered by the Minimum Wage Commission 29 3.1 The Hong Kong economy grew only modestly in 2015 36 3.2 Hong Kong's external trade and domestic demand still lacked momentum in the first half of 2016 37 Touted as the biggest increase yet to the . Introduction in Hong Kong - May 2010 3 5. Inflation 7 6. Minimum Wage - Economic Theory 2 4. 2nd February 2021 - (Hong Kong) The Minimum Wage Commission completed a review of the statutory minimum wage level earlier, but did not reach a consensus. It's important to be updated on the change of the policy. Hobby Lobby has become the latest to increase its minimum hourly wage. In 1999 Hong Kong Confederation of Trade Unions (HKCTU) Opposed by functional constituencies in 2004. How to live with the minimum wage depends on a few combinations of factors such as whether you are a single person, a family bread winner, with or without social benefits eligibility, whether you own a house. In early years, in order to ensure that . The Government announced today (September 30) that the Minimum Allowable Wage (MAW) for foreign domestic helpers (FDHs) in Hong Kong would remain at $4,630 per month. Compute minimum wage from 1 May 2017 to 30 April 2019 （$34.5 per hour） Department of Politics and Public Administration, University of Hong Kong, Hong Kong, SAR; Department of Government, University of Essex, Colchester, UK Correspondence yhmwong@hku.hk. The HKCTU was a key player in the battle for a minimum wage in the city. A minimum wage of $4.82 an hour. It is the first time that the government has frozen the minimum wage since it was introduced on 1 May 2011. Minimum wage in Hong Kong Table of Contents 1. With the current Federal Minimum Wage at $7.25 per hour, a minimum wage of $15.00 per hour would be substantially more and there is little known as to the economic side effects that this strategy may cause. The statutory minimum wage rate, which is $37.5 per hour, in Hong Kong has also been stationary for the last two years, showing that the government is treating everyone equally. Most members agreed to freeze the minimum wage level. The Minimum Wage Ordinance establishes a Statutory Minimum Wage (SMW) regime aimed at striking an appropriate balance between forestalling excessively low wages and minimising the loss of low-paid jobs while sustaining Hong Kong's economic growth and competitiveness. As of 2021, the minimum salary in Hong Kong is of HK$ 37.5 per hour (roughly 4.85 USD). Hong Kong's statutory minimum wage will be frozen at HK$37.50 (US$4.84) an hour, the government has announced . An across-the-board statutory minimum wage (SMW) will come into effect in Hong Kong on 1 May 2011. The executive branch proposed a minimum wage of HK$28 (~US$3.61) per hour in November 2010, which the Legislative Council voted to accept after much debate in January 2011. Hong Kong's hourly minimum wage is expected to increase by HK$3 an hour, with government advisers reaching an agreement after "fiery" discussions. Compute minimum wage from 1 May 2019 ($37.5 per hour)* * If 1 May 2019 falls within a wage period, the SMW rate of $37.5 per hour applies to any hour worked on or after 1 May 2019 in calculating minimum wage for that wage period. Minimum Salary in Hong Kong. The commission also took into account that the Hong Kong economy was in a deep recession with an elevated unemployment rate and the economic outlook is subject to an unusually high degree of uncertainty when reviewing the minimum wage rate, Dr Law added. This has been so since the days of Sir Phillip Haddon Cave (Secretary of Finance 1971-1981) who advanced the theory of positive non intervention. Firms profitability 6 5.3. . This labour legislation in Hong Kong is aimed preventing wages in Hong Kong from being excessively on the low end, and minimising the loss of low paying jobs while simultaneously maintaining . Employment 5 5.2. We draw on theoretical arguments for and against a SMW policy, examining empirical evidence outside Hong Kong to suggest an agenda for research. One of the most prominent areas that has set their sights on this minimum wage increase is the city of Los Angeles. Hong Kong minimum wage frozen for first time ever. Minimum wage laws were enforced to protect workers from employer's exploitation; the laws were formulated to regulate minimum wages. Pages 735-752. Hong Kong's Minimum Wage is the lowest amount a worker can be legally paid for his work. The Politics of the Minimum Wage in Hong Kong. Hong Kong, a semiautonomous Chinese city of 7.4 million people shaken this summer by huge protests, may be the world's most unequal place to live. Compute minimum wage from 1 May 2019 ($37.5 per hour)* * If 1 May 2019 falls within a wage period, the SMW rate of $37.5 per hour applies to any hour worked on or after 1 May 2019 in calculating minimum wage for that wage period. Because they have not adjusted their minimum wages in over two years, Fujian, Gansu, Guizhou, Hunan, Qinghai, Tianjin, and Zhejiang are expected to adjust their minimum . Currently, Los Angeles In accordance with the Minimum Wage Ordinance (Cap.608 of the Laws of Hong Kong) This link will open in a new window, the Minimum Wage Commission is tasked with the important function of, when required by the Chief Executive (CE) to do so, reporting to CE in Council its recommendation about the Statutory Minimum Wage (SMW) rate.. SMW impacts on various aspects including the society, economy . As a university graduate, I think the minimum wage would be $28-$30 at most. The thing about Hong Kong is that it is not a democracy and the entire city is run by a few rich tycoon families with the support of the government in Beijing. The average value for Hong Kong during that period was 5506.3 currency units with a minimum of 4704 currency units in May 2011 and a maximum of 6300 currency units in May 2019. It was proposed in 2010, approved in 2011 and came into effect in May 2011. Minimum Wage Ordinance, Chapter 608. In Hong Kong, any household employing a foreign worker must pay at least the Minimum Allowable Wage (MAW) and either provides free food or a food allowance on top. The minimum wage started in 2011 at HKD28/hour, and rose in stages to the current rate of HKD37.50/hour². Is that the higher the minimum wage, the better to the life of the workers in general? Are they hypocrites? Impacts - 15 months later 5 5.1. 20 of the regions increased minimum wages in 2017. 0 comments. (Of course I am not intending to disagree any side of opinion.) Part 1: Minimum Wage law in Hong Kong 2 2. Union leaders meanwhile have slammed the meagre increase to HK$37.50 (US$4.70) an hour as "shameful". For instance, the minimum wage in Australia (which is the highest worldwide) is $13.60 per hour. The Hong Kong Minimum Wage Ordinance sets a Statutory Minimum Wage (SMW) regime in the country that aims to strike the right balance in the job market. According to sources, the government submitted a report to the Executive Council this (2nd) morning and it was […] Anger over the . The current wage level for non-domestic workers took effect on May 1, 2019 and this is the first time that the minimum wage will remain unchanged since it was introduced a decade ago Law said in a briefing that most of the commission's members agreed to keep the current minimum wage, adding that Hong Kong is in deep recession with a high . and other independent countries.Some countries may have a very complicated minimum wage system; for example, India has more than 1202 minimum wage rates . China labor law requires local governments to update their minimum wage every few years, at a minimum. 608). In 2018, 15 out of 31 mainland China regions increased minimum wages. A Hong Kong group advocating for increasing workers' living wages has said the government's decision to freeze the minimum wage at HK$37.5 (US$4.84) was "totally disrespectful" to . Naz Iraj, 17, St Margaret's Girls' College. The current SMW will remain the same until 30 April 2023, and a review by the Minimum Wage Commission will be conducted in October 2022. As effective from 1 October 2021, the government has set a Minimum Domestic Helper Salary of HK$4,630 per month which the employer has to pay to the foreign domestic helpers. minimum wage (6¨ ö- \o ), for an employee for a wage period, has the meaning given by section 8(2); non-local education programme (g6Ô&Ø5PZZZI³ ) means a full- . In accordance with the Minimum Wage Ordinance (Cap.608 of the Laws of Hong Kong) This link will open in a new window, the Minimum Wage Commission is tasked with the important function of, when required by the Chief Executive (CE) to do so, reporting to CE in Council its recommendation about the Statutory Minimum Wage (SMW) rate.. SMW impacts on various aspects including the society, economy . In 2019, starting from 1st May, the SMW rate has been revised to $37.5 per hour from $34.5 per hour. The Minimum Wage Ordinance in Hong Kong is applicable to every employee, except in the case of interns or students who are exempted. A fair minimum wage for workers in Hong Kong would be when the low-skilled workers can afford to pay the soaring rents, and buy food and other essentials. Economic cycle considerations 9 7. . "Hong Kong's grass-roots residents are still stuck in poverty [despite the raise]," Lee Cheuk-yan, general secretary of the .
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