Hong Kong two dollar coin Source: Flickr/Dennis Wong
In Hong Kong, the new minimum hourly wage of HK$34.50 took effect on first of May. It is an increase of HK$2 from the level set two years ago. However, it raises concerned in HK, since it stacks up against the cost of common daily items. Ivan invited Wei Li, lecturer of The University of Sydney Business School, to explain whether the minimum wage provides a safeguard to our labour market. She will also tell us what could be some possible solutions to the problem of uneven distribution of wealth in many countries.
In Hong Kong, the new minimum hourly wage of HK$34.50 took effect on first of May. It is an increase of HK$2 from the level set two years ago. However, it raises concerned in HK, since it stacks up against the cost of common daily items. Ivan invited Wei Li, lecturer of The University of Sydney Business School, to explain whether the minimum wage provides a safeguard to our labour market. She will also tell us what could be some possible solutions to the problem of uneven distribution of wealth in many countries.
