Exco gives nod to HK$3 minimum wage hikeLocal | 11 Jan 2019 4:36 pm
Minimum hourly wage for Hong Kong workers is set to go up by HK$3 to HK$37.5 from Labour Day if lawmakers agree to the rise.
The increase of 8.7 percent on the current Statutory Minimum Wage was recommended by the Minimum Wage Commission and was adopted by the Executive Council.
The chairperson of the commission, Priscilla Wong Pui-sze, said in a statement the recommendation is based on the unanimous consensus and support of all the members.
"The recommended new SMW rate maintains an appropriate balance between the objectives of forestalling excessively low wages and minimizing the loss of low-paid jobs, while giving due regard to the need to sustain Hong Kong's economic growth and competitiveness," she said.
The new rate will take effect on May 1 if approved by the Legislative Council.
The minimum wage level, which is reviewed and adjusted every two years, was last raised by 6.2 percent from HK$32.5 to HK$34.5 in 2017. It was first implemented in 2011 with the rate at HK$28.