Minimum Wage HKBU Public Admin, HKBU/CASS

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Prepared by 08407932 Gary Tong & 08425876 Marco Tam

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Minimum Wage HKBU Public Admin, HKBU/CASS

  1. 1. Minimum Wage (Support) TONG, Sze-ho, Gary 08407932 TAM, Ka-ho, Marco 08 425876
  2. 2. Background <ul><li>Economic downturn </li></ul><ul><li>High Unemployment rate </li></ul><ul><li>Work for less paid </li></ul><ul><li>Result of supply and demand </li></ul><ul><li>Suggest of Minimum Wage </li></ul><ul><ul><li>Cover basic cost of living </li></ul></ul><ul><ul><li>Low income = diminish purchasing power = weaken consumer demand </li></ul></ul>
  3. 3. Minimum Wage in the world <ul><li>As early as 1894 </li></ul><ul><ul><li>New Zealand </li></ul></ul><ul><ul><li>Australia </li></ul></ul><ul><ul><li>United Kingdom </li></ul></ul><ul><ul><li>USA </li></ul></ul><ul><ul><li>Canada </li></ul></ul><ul><ul><li>France </li></ul></ul><ul><li>83 Countries, 17 in Asia including China </li></ul>
  4. 4. Support <ul><li>Ensure minimum living standard </li></ul><ul><ul><li>Maintain social stability </li></ul></ul><ul><li>Prevent exploiting low-skill workers </li></ul><ul><li>Increase consumer purchasing power </li></ul><ul><li>Narrow the gap b/w rich & poor </li></ul><ul><li>Cut down spending on CSSA </li></ul>
  5. 5. Against <ul><li>Result in job losses </li></ul><ul><li>Reduce wage rates </li></ul><ul><li>Affect competitiveness </li></ul><ul><li>Increase number of illegal workers </li></ul>
  6. 6. Recommendations <ul><li>(i) coverage </li></ul><ul><li>basically, it covers all workers in HK </li></ul><ul><li>exemption: professional employees, apprentices and trainees, disabled workers and foreign workers </li></ul><ul><li>(ii) which authority should be responsible for determining </li></ul><ul><li>the government, employers associations and labour unions forms the determining authority </li></ul><ul><li>(iii) the procedures for adjusting </li></ul><ul><li>by legislation – set up the procedures </li></ul><ul><li>the determining authority – periodic review </li></ul>
  7. 7. Recommendations <ul><li>(iv) the criteria for determining the minimum wage </li></ul><ul><li>workers basic needs, the average wage, labour productivity, inflation rate, employment level, employers’ profits and poverty line </li></ul><ul><li>(v) the enforcement Department </li></ul><ul><li>the Labour Department </li></ul>
  8. 8. Conclusion <ul><li>With the above comprehensive considerations, the minimum wage system should be successful. </li></ul>

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