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Minimumwage Ver.New

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Published in: News & Politics, Business

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Transcript

  • 1. Hong Kong Policy Review
  • 2. Minimum Wage
  • 3. The story begins when……
  • 4.  
  • 5.  
  • 6. Plastic Flower!!
  • 7.  
  • 8. Little knowledge = $ Knowledge = $$ More knowledge = $$$$$ = increase in labour cost
  • 9. Transition of HK Major Industries
  • 10. Labour supply Labour supply PLUS Labour supply Labour supply Abrupt Labour Supply
  • 11. Environmental Factors
  • 12. SALE
  • 13. Working poor
  • 14. We need a secured paid!!
  • 15. What is minimum wage?
    • Legal lowest limit of wage
      • To ensure labour are remunerated with appropriate compensation
  • 16. 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
  • 17. Pros of min. wage
    • More protection for labour
      • Better remuneration
      • Secured job
    True?
  • 18. Min. wage: Domestic helper $2,000 $4,500
  • 19. 5 Elements of Competitiveness
    • Academic qualification
    • Skills
    • Experience
    • Age (physical condition)
    • Expected salary
  • 20. Cons of min. wage Low Academic qualification Workers & Low Skills Workers
    • Academic qualification
    • Skills
    • Experience
    • Age (physical condition)
    • Expected salary
    After Minimum Wage
  • 21. Cons of min. wage
    • The needy would be laid off first
  • 22. Cons of min. wage (con’t)
    • Illegal workers
  • 23. Suggestion
    • Identify those without skill and academic background
    • Upgrade them
      • Provide training
  • 24. Suggestion (con’t)
    • Work with enterprises
      • Create new type of work  create work opportunity
  • 25.  
  • 26. After all……
    • Min. wage can ensure a certain amount of remuneration. However it cannot secure the needy a job .
    • Only when work opportunity increases and the needy is well-equipped for new career , working poor can be solved.