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Review of Statutory Minimum Wage rate

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 2014 at the latest.

     After considering the work and time involved for the Commission to review and report its recommendation on the SMW rate, the CE has acted in accordance with the Minimum Wage Ordinance (Cap. 608) and required the MWC to submit the recommendation report on or before October 31, 2014.

     The MWC adopts an evidence-based approach in conducting the review of the SMW rate. Apart from making reference to the relevant statistical data, it needs to undertake detailed analysis and impact assessment based on wage distribution data and the findings of other surveys, and to conduct extensive consultation to consider fully the views of the community regarding the review of the SMW rate.

     The MWC is tasked to report to the CE in Council its recommendation on the SMW rate. In performing its function, 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 will commence a six-week public consultation next Monday (April 7) to invite views from various sectors of the community on the review of the SMW rate.

Ends/Friday, April 4, 2014
Issued at HKT 12:30


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