Supermarket Discount Scheme Continues To Draw Flak

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1544822_1_20200820181437.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1544822-20200820.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1544822-20200820.htm', 'DCS.dcsqry', '' ); } } }); }); });

2020-08-20 HKT 11:51

Share this story

facebook

  • Supermarket discount scheme continues to draw flak

Some listeners who called into an RTHK programme grilled Secretary for Labour and Welfare Law Chi-kwong over a government plan to pay subsidies to the city's two big supermarket chains, saying they should be providing the funds directly to the employees and not employers.

But Law defended the broader arrangement of handing anti-epidemic subsidies to bosses, saying the government wouldn't be able to process the subsidy all the applications by 2021 if they had to deal directly with two million workers instead of 100,000 employers.

The supermarkets discount scheme in particular has been heavily criticised by figures in both pro-democracy and pro-establishment camps, saying it benefits employers and not workers. The critics also pointed out that the supermarket business has not been greatly affected during the pandemic, and some even increased their sales.

Law told the programme that the two big supermarket chains may not have been seriously affected by the pandemic but it was too complicated to put conditions on its subsidies. He said he hoped other supermarkets might follow suit in cutting prices when the two dominant firms take the lead to offer discounts.

One caller, surnamed Chiu, took issue with Law's comments that other supermarkets will follow the big two’s lead, asking him if he went to school and understood the concept of economies of scale.

"Why are you going through the employers? Give the subsidies to the workers! Your job retention scheme is just aiming to make your employment figures look nicer, you are not helping workers," she said.

Law said dealing directly with each employer was time consuming and that is why the fund is being handed over to employers.

The purpose of the job retention scheme was to maintain the relationship between the employers and employees, and that they had to keep it simple, he said.

The secretary said that when the Covid-19 situation improves, the economy will stabilise and recover.

He added that if the workers are subsidised but the employer is unable to operate, it won't stop job losses.

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more