minimum wage

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Post on 24-Jan-2015

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Presented by Mike Lam and Zinnia Yip

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  • 1. Minimum Wage Brought to you by: Macy Calvin Mike Zinnia

2.

  • Evolution of HK economical environment
  • What is minimum wage
  • Domestic maid
  • Pros and Cons
  • Suggestion

3. The story begins when 4. 5. 6. 7. Little knowledge = $ Knowledge = $$ More knowledge = $$$$$ = increase in labour cost 8. 9. Labour supply Labour supply PLUS Labour supply Labour supply 10. Working poor 11. 12. SALE 13. We need a secured paid!! 14. What is minimum wage?

  • Legal lowest limit of wage
    • To ensure labour are remunerated with appropriate compensation

15. 2 common forms of min. wage

  • National
    • Standardized min. wage across the nation
  • Industrial
    • Different min. wage depends on different job nature

16. How to calculate the min. wage? Household expenditure x______ inflation/deflation______ 44 Working hours (per week) With reference of CSSA HKs min. wage is $33-35 17. Pros of min. wage

  • More protection for labour
    • Better remuneration
    • Secured job

True? 18. Min. wage: Domestic helper $2,000 $4,500 19. 5 Elements of Competitiveness

  • Academic qualification
  • Skills
  • Experience
  • Age (physical condition)
  • Expected salary

20. Cons of min. wage

  • The needy would be laid off first

21. Cons of min. wage (cont)

  • Illegal workers

22. Suggestion

  • Identify those without skill and academic background
  • Upgrade them
    • Provide training

23. Suggestion (cont)

  • Work with enterprises
    • Create new type of work create work opportunity

24. 25. After all

  • Min. wage can ensure a certain amount of remuneration. However it cannotsecure the needy a job .
  • Only whenwork opportunity increases , working poor can be solved.

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