What should the minimum wage be set to?

[East_coast]

https://www.scmp.com/news/hong-kong/...mployers-urged

[MandM!]

You can't find staff to work for minimum wage in HK anyway. HK staff are expensive and the work product isn't that great. I've started hiring in other cheaper countries with much better results and people who are thankful to be employed.

[East_coast]

https://www.scmp.com/news/hong-kong/...-kongs-minimum

[timothwc]

You can't find staff to work for minimum wage in HK anyway. HK staff are expensive and the work product isn't that great. I've started hiring in other cheaper countries with much better results and people who are thankful to be employed.

are you Klaus schwab?

“you will own nothing, and you will be happy(or else)”

[hike]

https://www.scmp.com/news/hong-kong/...-kongs-minimum

Yet he himself is up for a 7.5% pay rise.

His comfy 5-day job’s pay rise alone could cover over 3 minimum wage 6-day jobs (3x6x9x37.5<300000*7.5%)

[East_coast]

Yet he himself is up for a 7.5% pay rise.

His comfy 5-day job’s pay rise alone could cover over 3 minimum wage 6-day jobs (3x6x9x37.5<300000*7.5%)

This issues is the abject failure of the minimum wage legislation to bring up the living standards of the working poor due to infrequent and below needed increases over an extended period.

Median households are relatively lower now then ever. Is that a good thing?

[shri]

Civil servant's non-performance related raises should be tied into a published index, which is also used for setting the minimum wage.

I also think (and not sure if this exists anywhere) that the cost of living indexes should be tiered by income - people who are in lower earnings brackets have different inflationary issues than say an executive officer or middle tier manager in the civil service.

[RobRoy]

This issues is the abject failure of the minimum wage legislation to bring up the living standards of the working poor due to infrequent and below needed increases over an extended period.

Median households are relatively lower now then ever. Is that a good thing?

Interesting graph!