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The following is issued on behalf of the Minimum Wage Commission:
After carrying out detailed analyses, in-depth assessment and thorough consideration, the Minimum Wage Commission (MWC) has by unanimous consensus recommended that the current Statutory Minimum Wage (SMW) rate of $30.0 per hour be raised to $32.5 per hour.
"We are delighted to learn that the Chief Executive (CE) in Council has accepted our recommendation on the SMW rate after considering the report of the MWC," the MWC Chairperson, Mr Jat Sew-tong, SC, said today (January 14).
The MWC is tasked to report to the CE in Council with its recommendation on the SMW rate. In performing its function, 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 full text of the "2014 Report of the Minimum Wage Commission" has been uploaded onto MWC's website (www.mwc.org.hk).
Ends/Wednesday, January 14, 2015
Issued at HKT 15:00
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