'Govt Needs A Mechanism To Set Minimum Wage'

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

Related News Programmes

"); });

2023-04-24 HKT 08:50

Share this story

facebook

  • SoCO says the government proposal to raise the minimum wage to $40 dollars is not enough. File photo: Shutterstock

    SoCO says the government proposal to raise the minimum wage to $40 dollars is not enough. File photo: Shutterstock

A welfare advocacy group has said the government must introduce a mechanism to set a minimum wage in Hong Kong, based on a percentage of the city's median wage.

Speaking to RTHK as a public consultation was due to end on Monday, Sze Lai-shan, the deputy director of the Society for Community Organisation, or SoCO, said the SAR's minimum wage lags at 38 percent of the median wage, and should be considerably higher.

"There's no mechanism," she said. "I don't know how the government sets the minimum wage. We also checked with other places such as Taiwan, Korea or even in Shenzhen.

"All of those places set the minimum wage at around 50 percent, or even up to seventy per cent, of the median wage. In Hong Kong now the rate is 38 percent. The standard is too low."

The government has proposed raising the minimum wage by HK$2.50 to $40 starting from next month. SoCO's suggestion would push it up to over HK$53 per hour.

RECENT NEWS

Indonesia And South Korea Begin Cross-Border QRIS Payments In Local Currencies

Bank Indonesia and the Bank of Korea have launched cross-border QR payment connectivity between Indonesia and South Kor... Read more

Hong Kong Misses March Deadline For First Stablecoin Licenses, No Issuers Approved

The Hong Kong Monetary Authority (HKMA) has yet to issue its first batch of stablecoin licenses, missing an earlier tar... Read more

Hong Kong Sees Digital Wallets Surpass Cards For The First Time

Digital wallets have surpassed cards for the first time in the city’s payments landscape, according to the Global Pay... Read more

HSBC Appoints Max Xu And Samuel Chen To Lead Wealth And Private Banking In China

HSBC has appointed Max Xu as Head of International Wealth and Premier Banking (IWPB), HSBC China, and Samuel Chen as He... Read more

OSL Group 2025 Revenue Hits HK$489M, Stablecoins Account For 60% Of Trading

OSL Group reported its annual results for the year ended 31 December 2025. The company said it recorded growth during t... Read more

JCB Brings Google Pay Contactless To Taiwan In First Overseas Rollout

JCB has announced that JCB-branded credit cards issued by Union Bank of Taiwan and Bank SinoPac will, for the first tim... Read more