Mininum Wage a Good Policy?

The nominal Wage Ordinance was passed on 17 July 2010 amid the alter debate in the Hong Kong Legislative Council lasting for almost 41 hours and the ordination became legitimate on 1 May 2011, populace a milestone in Hong Kongs free deal economy and providing a statutory protection for employees with minimum pelf with a view to striking balance forestalling abundantly low wages and allaying the loss of low-paid phone line organizations while at the similar time sustaining the economic growth in Hong Kong and its fight. The essence of the regulation is that employees enjoy a statutory minimum wage appreciate at HK$ 28 per hour found on maintaining the employees be rights and hits according to the employment-related legislation, and the rate is subject to review every adversary year. Over the past few decades, whether minimum wage should be legal has been the subject of controversy over the society, especially the fare and Beverage Industry and Retail Se ctor. Employers believe the ordinance usurp 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 railway line in such a highly competitiveness personal line of credit environment.

In my opinion, I completely agree to the carrying out of Minimum Wage Ordinance because the law is, in fact, a genuine indemnity which not only offers the key to an impelling defecate environment but also gives a common benefit both in industrial relatio! nships and 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 business community are under obligation to afford for severally worker a statutory wage based on the hours the worker works in any wage check and employers are requested that they keep records of the number of hours worked by the employees. If they violate in paying...If you want to get a secure essay, lay it on our website: OrderCustomPaper.com

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