Union Urges Minimum Wage Rise And Yearly Review

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

Related News Programmes

"); });

2018-05-20 HKT 14:38

Share this story

facebook

  • Hong Kong has one of the world's worst wealth gaps, when compared to other cities.  File photo: RTHK

    Hong Kong has one of the world's worst wealth gaps, when compared to other cities. File photo: RTHK

The Confederation of Trade Unions is calling on the government to raise the minimum wage from $34.5 to $44 an hour. It says the current minimum has not kept up with inflation and fails to protect workers.

The union also says the number of people who can directly benefit from the policy has significantly dropped since its introduction in 2011.

The union's general secretary, Lee Cheuk-yan, says government should review the wage once a year instead of every two years.

"It's only fair that all workers can face inflation, their livelihood can improve, and not deteriorate.But what happens now, you only have an increase every two years, your livelihood is deteriorating, it's getting worse, and this is the government's responsibility.

"Because they are the one that causes world poverty. they are the one that will not review the minimum wage so that we cannot catch up with inflation... It makes life worse for workers."

There have also been calls from the pro-establishment DAB for the wage to be reviewed every year, but the Labour Department has said there is no need for change as the current arrangement has been effective.

RECENT NEWS

Binance Pay And TBCASoft Enable QR Payments Across Merchant Networks In Japan

Binance Pay has partnered with TBCASoft to enable QR code payments through the HIVEX Network, starting with a planned r... Read more

OSL Launches AgentPay For AI Agent Stablecoin Payments

OSL Group has launched AgentPay, a stablecoin payment infrastructure designed to enable AI agents to execute autonomous... Read more

The Biggest AI Governance Gap In APAC Lies In Proof And Traceability

AI has outgrown the role of an assistant, now moving money, approving transactions, and carrying out multi-step tasks w... Read more

HSBC Sells Tokyo HQ As It Prepares For 2029 Relocation

HSBC has sold its Tokyo headquarters building to a unit of Mitsubishi HC Capital, according to Bloomberg. The sale come... Read more

Why Multi-Currency Cards Need More Than Card Issuing

Tap a multi-currency card in Tokyo, and the payment looks no different from any other card transaction. Behind the tap,... Read more

China CITIC Bank Names Wang Junwei As CEO

China CITIC Bank International (CNCBI) has appointed Wang Junwei as its Executive Director and Chief Executive Officer,... Read more