30 August, 2014 / Ziqa'ad 3, 1435

HK plans to raise wage

Published Dec 13, 2012 03:23am

HONG KONG, Dec 12: Hong Kong plans to raise the city’s minimum wage to HK$30 ($3.87) an hour, a minister said on Wednesday, in a hike slammed by labour groups as inadequate for the Asian financial hub.

Labour minister Matthew Cheung said the raise represents a 7.1 per cent increase from the HK$28 pay per hour at present, which was introduced in May last year partly to tackle a widening income gap between the rich and poor.

“(The new rate) will be effective from May 1 next year if it is approved by the legislative council,” Cheung told reporters, adding that around 320,000 workers are expected to benefit from the adjustment. Critics, however, said the raise was too small to cover inflation and the high cost of living in Hong Kong, which is one of the world’s most expensive city to live in with its sky-high property prices.

“We are not satisfied with the government proposal and think the hike is unreasonable,” Labour Party chairman Lee Cheuk-yan said. The city introduced the controversial pay floor for the first time last year after fierce opposition from employers. —AFP


Do you have information you wish to share with Dawn.com? You can email our News Desk to share news tips, reports and general feedback. You can also email the Blog Desk if you have an opinion or narrative to share, or reach out to the Special Projects Desk to send us your Photos, or Videos.

More From This Section

SECP introducing LLP concept

An LLP is a partnership in which partners have limited liabilities, which means that one is not responsible for another.

Comments (0) (Closed)