Minimum Wage Commission has submitted recommendation report on the Statutory Minimum Wage Rate
The Minimum Wage Commission (MWC) has submitted its recommendation report on the Statutory Minimum Wage (SMW) rate to the Chief Executive (CE) in Council today (October 31).
MWC has been tasked to report to CE in Council its recommendation about the SMW rate pursuant to the Minimum Wage Ordinance (Cap. 608). In performing its function, MWC must have regard to the need to maintain an appropriate balance between the objectives of forestalling excessively low wages and minimising the loss of low-paid jobs, and the need to sustain Hong Kong’s economic growth and competitiveness.
MWC comprises a Chairperson and 12 Members from the labour sector, the business sector, the academia and the Government. Adopting an evidence-based approach, MWC has completed the review of the SMW rate in a comprehensive, objective and impartial manner. Apart from making reference to the latest data in an Array of Indicators, MWC has assessed the impact of the recommended SMW rate based on detailed analyses of wage distribution data and findings of other surveys. MWC has taken into full account the views on the review of the SMW rate from the community and arrived at the recommendation unanimously.