01 May '11, 6am

HK's first minimum wage came into effect today, but critics say the minimum of HK$28/hr is still too low to help

HK's first minimum wage came into effect today, but critics say the minimum of HK$28/hr is still too low to help

Labourers sleep in a park in the Central Business District of Hong Kong. Hong Kong's first minimum wage came into effect on May 1, 2011. -- PHOTO: AFP HONG KONG - HONG KONG'S first minimum wage came into effect on Sunday amid rising public anger over sky-high rents and a growing income gap in the international financial hub. The controversial pay floor, which divided business and labour groups for years, requires employers to pay staff at least HK$28 (S$4.40) an hour. Critics have said the figure is still too low for many low-income people struggling to make ends meet. But business groups have warned that the new law would lead to widespread job losses among poor workers in the densely populated city of seven million, regularly credited as having the freest economy in the world. The southern Chinese city is famous for its stunningly wealthy tycoons whose business empires s...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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