Effects On An Increase Of Minimum Wage

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Effects On An Increase Of Minimum Wage

  1. 1. Group members Cheung Kin On Ken 08407894 Chu Chung Yin Joanne 08408866 POLS 7050 Public Administration Minimum Wage Law in Hong Kong
  2. 2. International Labour Law (ILL) <ul><li>All human beings have equal rights to earn a living and support their families </li></ul><ul><li>Support – to set up the Minimum Wage Law in Hong Kong </li></ul><ul><li>Different arguments debating about </li></ul><ul><li>should Minimum Wage Law execute in Hong Kong? </li></ul>
  3. 3. Effects on the Increase of Minimum Wage <ul><li>Arguments support Minimum Wage Law </li></ul><ul><li>Increase standard of living of the poorest </li></ul><ul><li>Stimulate consumption by putting more money in the hands of low-income people. </li></ul><ul><li>Decrease the cost of government social welfare programms by increasing incomes for the lowest-paid and so does not put any extra pressure on welfare systems </li></ul>
  4. 4. <ul><li>Arguments against Minimum Wage Law </li></ul><ul><li>Reduces profit margins of business owners, employing minimum wage workers, thus encouraging a move to businesses that do not employ low-skills workers. </li></ul><ul><li>Reduce quantity demand of workers, wither through a reduction in the number of hours worked individuals, or through a reduction in the member of jobs </li></ul><ul><li>Businesses try to compensate by raising the prices of the goods being sold thus causing inflation and increasing the costs of goods and services produced. </li></ul>Effects on the Increase of Minimum Wage
  5. 5. Today Discussion Topic <ul><li>Support vs Against (50% vs 50 %) </li></ul><ul><li>HOW to execute the Minimum Wage Policy in an effective way to ensure the condition of labour market in Hong Kong should be better? </li></ul>
  6. 6. Minimum Wage Law in Hong Kong <ul><li>Minimum Wage Law should be execute to all job industries </li></ul><ul><li>Minimize the intervention from HK government </li></ul><ul><li>Different job industries have their own characteristics </li></ul><ul><li>- Minimum Wage should be set in different rate </li></ul>
  7. 7. How to set the Minimum Wage Law? <ul><li>Minimum Wage Rate (MWR)– set up according to 3 ways: </li></ul><ul><li>1) Regional </li></ul><ul><li>Difficult to standardize the MWR – various kinds of job industries and occupations among a region. </li></ul>
  8. 8. How to set the Minimum Wage Law? <ul><li>2) Occupation </li></ul><ul><li>Occupation in different industries should have different level of salaries </li></ul><ul><li>E.g. Manager working in a multi-international company </li></ul><ul><li> vs Manager working in a cleaning company or security company. </li></ul>
  9. 9. How to set the Minimum Wage Law? <ul><li>The Legislation Process of Law </li></ul><ul><li>Wage Council </li></ul><ul><li>Council of Inspector </li></ul>
  10. 10. ~The End~

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