Minimumwage Ver.New

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Minimumwage Ver.New

  1. 1. Hong Kong Policy Review
  2. 2. Minimum Wage
  3. 3. The story begins when……
  4. 6. Plastic Flower!!
  5. 8. Little knowledge = $ Knowledge = $$ More knowledge = $$$$$ = increase in labour cost
  6. 9. Transition of HK Major Industries
  7. 10. Labour supply Labour supply PLUS Labour supply Labour supply Abrupt Labour Supply
  8. 11. Environmental Factors
  9. 12. SALE
  10. 13. Working poor
  11. 14. We need a secured paid!!
  12. 15. 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>
  13. 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
  14. 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?
  15. 18. Min. wage: Domestic helper $2,000 $4,500
  16. 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>
  17. 20. Cons of min. wage Low Academic qualification Workers & Low Skills Workers <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>After Minimum Wage
  18. 21. Cons of min. wage <ul><li>The needy would be laid off first </li></ul>
  19. 22. Cons of min. wage (con’t) <ul><li>Illegal workers </li></ul>
  20. 23. 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>
  21. 24. Suggestion (con’t) <ul><li>Work with enterprises </li></ul><ul><ul><li>Create new type of work  create work opportunity </li></ul></ul>
  22. 26. 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 and the needy is well-equipped for new career , working poor can be solved. </li></ul>

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