29 Apr '11, 12pm

Hong Kong ushers in its first minimum wage - Channel NewsAsia via @AddThis

Hong Kong ushers in its first minimum wage - Channel NewsAsia via @AddThis

HONG KONG: Hong Kong on Sunday will usher in its first minimum wage of US$3.60; however the new law has stirred up debate, including concerns from its catering sector that small businesses will not be able to cope with added labour costs. Unions have long called for a minimum wage as Hong Kong has one of the biggest wealth gaps among developed economies. But there's also been plenty of opposition from those who strongly value the city's status as the world's freest economy. Catering sector representatives said labour costs for small family-run eateries could rise by 40 per cent. "If they cannot increase the selling price, they have to cut down their man power, and then they might meet a lot of competition with the bigger companies...small companies would be simply driven out of business," said Mr Simon Wong, president of the HK Federation of Restaurants & Related Trades. S...

Full article: http://www.channelnewsasia.com/stories/southeastasia/view...

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