Hong Kong's Executive Council Implements Mechanism to Safeguard Minimum Wage from Cuts

Tuesday, 30 April 2024, 04:45

The Executive Council in Hong Kong has approved a new mechanism to ensure the stability of the minimum wage. This mechanism includes an annual review process and the introduction of a formula that will prevent any future pay cuts. This decision aims to protect workers' income and maintain a fair wage standard in the region.

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Hong Kong Executive Council Decision

The Executive Council in Hong Kong has taken a significant step towards ensuring the stability of the minimum wage in the region.

New Mechanism Implementation

An annual review process has been approved to monitor and adjust the minimum wage.
A formula will be introduced to prevent any potential pay cuts in the future.

This decision emphasizes the importance of safeguarding workers' income and sustaining a fair wage standard in Hong Kong.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.