2016/05/20 | Review of Statutory Minimum Wage Rate Regarding the Minimum Wage Commission’s consultation exercise on the review of the Statutory Minimum Wage (SMW) rate, given the recent economic slowdown and gloomy outlook, the Hong Kong General Chamber of Commerce believes that the Commission should pay particular attention to keeping the appropriate balance of not having unduly low wages, minimizing job loss and sustaining Hong Kong’s economic growth and competitiveness in determining the wage rate. Therefore, we would like the Commission to consider maintaining the SMW rate unchanged at the current level.
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