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Minimum Wage
 

Minimum Wage

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Mike Lam and Zinnia Yip

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    Minimum Wage Minimum Wage Presentation Transcript

    • Minimum Wage Brought to you by: Macy Calvin Mike Zinnia
      • Evolution of HK economical environment
      • What is minimum wage
      • Domestic maid
      • Pros and Cons
      • Suggestion
    • The story begins when……
    •  
    •  
    •  
    • Little knowledge = $ Knowledge = $$ More knowledge = $$$$$ = increase in labour cost
    •  
    • Labour supply Labour supply PLUS Labour supply Labour supply
    • Working poor
    •  
    • SALE
    • We need a secured paid!!
    • What is minimum wage?
      • Legal lowest limit of wage
        • To ensure labour are remunerated with appropriate compensation
    • 2 common forms of min. wage
      • National
        • Standardized min. wage across the nation
      • Industrial
        • Different min. wage depends on different job nature
    • How to calculate the min. wage? Household expenditure x ______ inflation/deflation______ 44 Working hours (per week) With reference of CSSA…… HK’s min. wage is … $33-35
    • Pros of min. wage
      • More protection for labour
        • Better remuneration
        • Secured job
      True?
    • Min. wage: Domestic helper $2,000 $4,500
    • 5 Elements of Competitiveness
      • Academic qualification
      • Skills
      • Experience
      • Age (physical condition)
      • Expected salary
    • Cons of min. wage
      • The needy would be laid off first
    • Cons of min. wage (con’t)
      • Illegal workers
    • Suggestion
      • Identify those without skill and academic background
      • Upgrade them
        • Provide training
    • Suggestion (con’t)
      • Work with enterprises
        • Create new type of work  create work opportunity
    •  
    • After all……
      • Min. wage can ensure a certain amount of remuneration. However it cannot secure the needy a job .
      • Only when work opportunity increases , working poor can be solved.