Minimum Wage

1,395 views

Published on

Presented by
Mike Lam and Zinnia Yip

Published in: News & Politics
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,395
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
64
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Minimum Wage

  1. 1. Minimum Wage Brought to you by: Macy Calvin Mike Zinnia
  2. 2. <ul><li>Evolution of HK economical environment </li></ul><ul><li>What is minimum wage </li></ul><ul><li>Domestic maid </li></ul><ul><li>Pros and Cons </li></ul><ul><li>Suggestion </li></ul>
  3. 3. The story begins when……
  4. 7. Little knowledge = $ Knowledge = $$ More knowledge = $$$$$ = increase in labour cost
  5. 9. Labour supply Labour supply PLUS Labour supply Labour supply
  6. 10. Working poor
  7. 12. SALE
  8. 13. We need a secured paid!!
  9. 14. What is minimum wage? <ul><li>Legal lowest limit of wage </li></ul><ul><ul><li>To ensure labour are remunerated with appropriate compensation </li></ul></ul>
  10. 15. 2 common forms of min. wage <ul><li>National </li></ul><ul><ul><li>Standardized min. wage across the nation </li></ul></ul><ul><li>Industrial </li></ul><ul><ul><li>Different min. wage depends on different job nature </li></ul></ul>
  11. 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
  12. 17. Pros of min. wage <ul><li>More protection for labour </li></ul><ul><ul><li>Better remuneration </li></ul></ul><ul><ul><li>Secured job </li></ul></ul>True?
  13. 18. Min. wage: Domestic helper $2,000 $4,500
  14. 19. 5 Elements of Competitiveness <ul><li>Academic qualification </li></ul><ul><li>Skills </li></ul><ul><li>Experience </li></ul><ul><li>Age (physical condition) </li></ul><ul><li>Expected salary </li></ul>
  15. 20. Cons of min. wage <ul><li>The needy would be laid off first </li></ul>
  16. 21. Cons of min. wage (con’t) <ul><li>Illegal workers </li></ul>
  17. 22. Suggestion <ul><li>Identify those without skill and academic background </li></ul><ul><li>Upgrade them </li></ul><ul><ul><li>Provide training </li></ul></ul>
  18. 23. Suggestion (con’t) <ul><li>Work with enterprises </li></ul><ul><ul><li>Create new type of work  create work opportunity </li></ul></ul>
  19. 25. After all…… <ul><li>Min. wage can ensure a certain amount of remuneration. However it cannot secure the needy a job . </li></ul><ul><li>Only when work opportunity increases , working poor can be solved. </li></ul>

×