Unlike most developed economies in the world, Hong Kong has to “protect no minimum wage for workers livelihoods. Tests of the Legislative Council to the motion for regulations on minimum wage and standard working hours was ultimately unsuccessful. Was a major reason why considerable resistance from the industry, which means that deviating from a purely market wage regime dictated Hong Kong’s position as the world’s freest economy and hurt worse unemploymen feared … Read more »

Unlike most developed economies in the world, Hong Kong has to “protect no minimum wage for workers livelihoods. Tests of the Legislative Council to the motion for regulations on minimum wage and standard working hours was ultimately unsuccessful. Was a major reason why considerable resistance from the industry, which means that deviating from a purely market dictated wage regime harm Hong Kong’s position as the world’s freest economy and fears of a worsening of unemployment. late 2006, the Hong Kong Government launched the Wage Protection Movement, a program designed to protect the wages of the cleaners and security guards through voluntary and non-legislative means. was but with vicious attacks by members of the Legislative Council, which advocates a minimum wage, accusing the government of ignoring the plight of low-income earners and instead allow the question to drag fulfilled without legislation. This case is about economics and business administration, the introduction of minimum wage laws themes, Hong Kong unique economic situation and the potential impact of a minimum wage on the world’s freest economy.
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from
Ka-Fu Wong,
Ricky Lai
Source: University of Hong Kong
14 pages.
Release Date: 14 April 2008. Prod #: HKU747-PDF-ENG
Big City, Small Pay: Minimum wages for Hong Kong? HBR case solution

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