{"id":46,"date":"2014-10-05T14:25:19","date_gmt":"2014-10-05T21:25:19","guid":{"rendered":"https:\/\/blogs.ubc.ca\/tszchingfong\/?p=46"},"modified":"2014-10-05T14:25:19","modified_gmt":"2014-10-05T21:25:19","slug":"blog-4-minimum-wage-in-hong-kong","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/tszchingfong\/2014\/10\/05\/blog-4-minimum-wage-in-hong-kong\/","title":{"rendered":"Blog 4-Minimum Wage in Hong Kong"},"content":{"rendered":"<p>According to the <a href=\"http:\/\/www.conventuslaw.com\/hong-kong-minimum-wage-increase-from-1-may-2013\/\">news<\/a>, Hong Kong government decided to raise the minimum wage of Hong Kong employees from H.K. $28 to H.K. $30 per hour on May 1, 2013. The <a href=\"http:\/\/www.businessinsider.com\/a-look-at-minimum-wages-around-the-world-2013-8\">chat<\/a>\u00a0is showing the minimum wages around the world, which Australia has the highest minimum wage of U.S.$16.88 per hour and Hong Kong has a relative low minimum wage of only U.S. $3.87 per hour.<\/p>\n<p>In my opinion, many Hong Kong citizens, especially the low-income employees are suffering from the inflation, it is hard for employees to survive with such a low minimum wage in Hong Kong. But there are both pros and cons for raising the minimum wage.<\/p>\n<p><span style=\"text-decoration: underline;\">Pros<\/span><\/p>\n<p>&#8211; Raising the minimum wage will help people live out of poverty and will also help them to improve their living qualities.<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Raising the minimum wage will help the overall economy because as people are earning a higher income, they will be more willing to consume goods and services that are in higher price.<\/p>\n<p><span style=\"text-decoration: underline;\">Cons<\/span><\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Raising the minimum wage might lead to unemployment which means less job opportunities due to a decrease in demand for labour.<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Raising the minimum encourage teenagers to spend most of their time on part- part job instead of attending school.<\/p>\n<p><a href=\"https:\/\/blogs.ubc.ca\/tszchingfong\/files\/2014\/10\/7692211858_8716121c4e_z.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-47\" src=\"https:\/\/blogs.ubc.ca\/tszchingfong\/files\/2014\/10\/7692211858_8716121c4e_z-300x198.jpg\" alt=\"7692211858_8716121c4e_z\" width=\"300\" height=\"198\" srcset=\"https:\/\/blogs.ubc.ca\/tszchingfong\/files\/2014\/10\/7692211858_8716121c4e_z-300x198.jpg 300w, https:\/\/blogs.ubc.ca\/tszchingfong\/files\/2014\/10\/7692211858_8716121c4e_z-500x330.jpg 500w, https:\/\/blogs.ubc.ca\/tszchingfong\/files\/2014\/10\/7692211858_8716121c4e_z.jpg 590w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Image taken from <a href=\"http:\/\/www.smartasset.com\/blog\/news\/the-pros-and-cons-of-raising-the-minimum-wage\/\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the news, Hong Kong government decided to raise the minimum wage of Hong Kong employees from H.K. $28 to H.K. $30 per hour on May 1, 2013. The chat\u00a0is showing the minimum wages around the world, which Australia has the highest minimum wage of U.S.$16.88 per hour and Hong Kong has a relative [&hellip;]<\/p>\n","protected":false},"author":25686,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/posts\/46","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/users\/25686"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/comments?post=46"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/posts\/46\/revisions"}],"predecessor-version":[{"id":48,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/posts\/46\/revisions\/48"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/media?parent=46"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/categories?post=46"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tszchingfong\/wp-json\/wp\/v2\/tags?post=46"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}