Hong Kong minimum wage rise
Hong Kong introduced a statutory minimum wage in May 2011. When introduced, the amount was set at $28 per hour. In May 2013 this amount was raised to $30.
Starting from the first day of May, the statutory minimum wage in Hong Kong SAR has been raised from $30 per hour to $32.5 per hour. Some academics have anticipated that if the minimum wage rate is raised further some less favourable jobs and positions might face greater difficulty of being filled. Critics claim this could aggravate current manpower shortage. The government does not, however, at this time believe the raise of the minimum wage will have a significant effect on employment rates. In April this year the unemployment rate was 3,20 %.