Hong Kong ushers in minimum wage

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The southern Chinese city is famous for its stunningly wealthy tycoons whose business empires span all sectors of Hong Kong's economy and the world. But the city is also home to hundreds of thousands of workers who live on hourly wages sometimes as low as US$2 an hour.
The controversial pay floor, which divided business and labour groups for years, requires employers to pay staff at least HK$28 (S$4.40) an hour.

Critics have said the figure is still too low for many low-income people struggling to make ends meet. But business groups have warned that the new law would lead to widespread job losses among poor workers in the densely populated city of seven million, regularly credited as having the freest economy in the world.

ORIGINAL SOURCE

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