Mininum Wage a Good Policy?

The marginal Wage Ordinance was passed on 17 July 2010 amid the heat up debate in the Hong Kong Legislative Council lasting for almost 41 hours and the ordination became legitimate on 1 May 2011, creation a milestone in Hong Kongs free switch economy and providing a statutory protection for employees with minimum peag with a view to striking balance forestalling profusely low wages and allaying the loss of low-paid farm outs while at the alike(p) time sustaining the economic growth in Hong Kong and its fight. The essence of the regularization is that employees enjoy a statutory minimum wage survey at HK$ 28 per hour found on maintaining the employees be rights and benefits according to the employment-related legislation, and the rate is subject to review every turnabout year. Over the past few decades, whether minimum wage should be legal has been the subject of controversy over the society, especially the provender and Beverage Industry and Retail Sect or. Employers believe the ordinance smasher a harmful effect on their profitability much(prenominal) as fear of increasing operation costs, spending more than on MPF Scheme and having difficulties in finding competent employees because of lesser job attractiveness, resulting in shouldering a heavy burden on sustaining the seam in such a highly competitiveness note environment.

In my opinion, I completely agree to the carrying out of Minimum Wage Ordinance because the law is, in fact, a undeviating insurance policy which not only offers the key to an impelling playact environment but also gives a commo n benefit both in industrial relationships a! nd society. The first undercoat wherefore minimum wage ordinance is a good policy is related to offering a shelter for low-paid workers. Since employers in the backing community are under obligation to afford for each(prenominal) worker a statutory wage based on the hours the worker works in any wage intent and employers are requested that they keep records of the number of hours worked by the employees. If they tumble in paying...If you want to get a secure essay, dictate it on our website: BestEssayCheap.com

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