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The following is issued on behalf of the Minimum Wage Commission:
The Minimum Wage Commission (MWC) will submit to the Chief Executive (CE) in Council its recommendation report on the Statutory Minimum Wage (SMW) rate by the end of October 2016 at the latest.
The CE has acted in accordance with the Minimum Wage Ordinance (MWO) (Cap. 608) and required the MWC to submit the recommendation report on or before October 31, 2016. According to the MWO, the 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.
The MWC is now undertaking an evidence-based approach in reviewing the SMW rate. In addition to analysing relevant statistical data, the MWC will examine information collected from other surveys and fully consider the views of the community regarding the review of the SMW rate. Following the completion of the six-week public consultation in May 2016, the MWC will conduct consultation meetings with stakeholders during this month. The MWC will then undertake detailed analysis and assessment with thorough deliberation on the basis of relevant information and data as well as views received from members of the public and stakeholders with a view to submitting a report to the CE in Council by the end of October 2016.
Ends/Tuesday, June 14, 2016
Issued at HKT 15:03
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