Wages
See also: Minimum wage in Hong Kong and List of minimum wages by countryA minimum wage law was passed in Hong Kong in July 2010. It requires the Chief Executive of Hong Kong to propose a minimum wage level, which he will do for the first time in November 2010; the Legislative Council will either approve or reject the amount. The law does not give the Legislative Council the power to amend the amount, and it is not applicable to foreign domestic helpers, who, under legislation specifically governing the employment of foreign domestic helpers, earn a minimum of HK$3,580 per month. The wage level prevailing is essentially the result of interplay of supply and demand. Wages are usually calculated on hourly, daily, monthly, or piece rates. In September As of 2007, the average monthly wage rate for the supervisory, technical, clerical and miscellaneous non-production workers was HK$11,712. Based on the wage indexes, the average wage rate for this group of workers rose by 1.8% per annum in 1995-2007, and by 1.5% per annum in real terms. The small difference is due to severe consumer price deflation. The overall average daily wage for the workers on public works construction projects was HK$565.60 at the end of 2007.
In November 2010, legislators of the Hong Kong SAR Government agreed to set a minimum wage level of HK$28 (UK£2.29 or US$3.60) per hour, which came into force the following May.
Read more about this topic: Employment In Hong Kong
Famous quotes containing the word wages:
“The more I see of democracy the more I dislike it. It just brings everything down to the mere vulgar level of wages and prices, electric light and water closets, and nothing else.”
—D.H. (David Herbert)
“The present war having so long cut off all communication with Great-Britain, we are not able to make a fair estimate of the state of science in that country. The spirit in which she wages war is the only sample before our eyes, and that does not seem the legitimate offspring either of science or of civilization.”
—Thomas Jefferson (1743–1826)
“I hear ... foreigners, who would boycott an employer if he hired a colored workman, complain of wrong and oppression, of low wages and long hours, clamoring for eight-hour systems ... ah, come with me, I feel like saying, I can show you workingmen’s wrong and workingmen’s toil which, could it speak, would send up a wail that might be heard from the Potomac to the Rio Grande; and should it unite and act, would shake this country from Carolina to California.”
—Anna Julia Cooper (1859–1964)