Minimum-wage review set for Q1

August 25, 2011

The Minimum Wage Commission will start the statutory minimum wage rate review in the first quarter next year, when the required economic and employment data become available.
 
Chairman Jat Sew-tong said today the commission will submit the review report to the Chief Executive by November next year.
 
The commission will analyse and consider a host of data, including the impact of employment and economic activities since the implementation of the statutory minimum wage in May, as well as the consumer price indices, before it can decide whether there is a need to change the statutory minimum wage rate, currently set at $28 per hour.
 
He emphasised commission members take an objective, evidence-based and balanced approach by taking full account of various social, economic and employment factors, the empirical findings of surveys and research studies as well as the views of various stakeholders when drawing a conclusion.