First Freeze In Minimum Wage On The Cards

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-09-24 HKT 17:12

Share this story

facebook

  • Low-income workers earning the minimum wage may be denied a raise next year. File photo: RTHK

    Low-income workers earning the minimum wage may be denied a raise next year. File photo: RTHK

Low-income workers have voiced fears that the city's minimum wage would be frozen for the first time since it was implemented nearly a decade ago.

A decision on an adjustment is due at the end of a biennial review, and reports said labour and management representatives on the Minimum Wage Commission have failed to reach a consensus.

There would be the first time since the minimum wage took effect in 2011 that the two sides have failed to reach agreement.

Currently, the minimum wage is HK$37.5 an hour. The employee side has called for an increase to at least HK$40 in line with inflation. Employers, however, said they cannot afford the hike because of the weak economy and an uncertain outlook. Some of them proposed a modest increase to HK$38, or even a freeze.

The commission will submit its report to the government next month. Should the majority view on the commission favour a freeze, it's likely the administration will adopt that position.

That would be the first time the minimum wage has failed to go up. It had risen following each biennial review thus far, with the latest raise from HK$34.5 to HK$37.5 in May last year.

The next pay adjustment will be in force in May next year.

The head of the Minimum Wage Commission, Priscilla Wong, has earlier refused to rule out the possibility of a freeze, citing the negative impact of the social unrest and the China-US trade dispute on the local economy.

RECENT NEWS

A16z Crypto Opens First Office In Seoul To Expand In Asia

a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of i... Read more

Trio AI And AbbyPay Partner To Integrate AI Into Payment Processing

Trio AI, a Hong Kong-based AI infrastructure service provider, has signed a MouU with AbbyPay, a POS-free digital payme... Read more

Modernising Bank Payments: How Banks Can Win In Merchant Acquiring

Banks have been the backbone of merchant acquiring. Their regulatory strength, trusted brands, and long-standing mercha... Read more

KPay Enables Tap To Pay On IPhone For Hong Kong Merchants

KPay now allows its Hong Kong merchants to accept in-person contactless payments using Tap to Pay on iPhone. The featur... Read more

HashKey Group IPO Targets Up To HK1.67 Billion In Hong Kong Listing

Licensed crypto exchange HashKey Group is intending to raise as much as HK$1.67 billion in its Hong Kong initial public... Read more

Endowus Launches Income Enhanced Portfolio For Professional Investors

Endowus, an independent wealth advisor and investment platform in Asia, has launched its Income Enhanced Portfolio, ava... Read more