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The following is issued on behalf of the Minimum Wage Commission:
The Minimum Wage Commission (MWC) is tasked with reporting to the Chief Executive in Council (CE in Council) its recommendation on the statutory minimum wage (SMW) rate. The MWC has reached consensus on the recommended SMW rate after considering prudently and conducting detailed analysis and assessment on the basis of relevant statistical data and information as well as views of members of the public and stakeholders.
The current priority of the MWC is to complete the preparation of the recommendation report for submission to the CE in Council on or before October 31, 2012.
The MWC comprises a Chairperson and 12 Members from the labour sector, the business community, academia and government. Adopting an evidence-based approach, the MWC reviewed the SMW rate in a comprehensive, objective and impartial manner. Apart from making reference to the relevant data in a basket of indicators, the MWC undertook detailed analysis and conducted assessment on the potential impact of the SMW rate based on wage distribution data and findings of other surveys, and took into full account views from various sectors of society when discharging its function of recommending the SMW rate in a concerted manner.
Ends/Tuesday, September 25, 2012
Issued at HKT 17:59
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