Mininum Wage a Good Policy?

The token(prenominal) 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, cosmos a milestone in Hong Kongs free mathematical product economy and providing a statutory protection for employees with minimum pay with a view to striking balance forestalling richly low wages and allaying the loss of low-paid credit lines while at the alike time sustaining the economic growth in Hong Kong and its fight. The essence of the canon is that employees enjoy a statutory minimum wage try at HK$ 28 per hour found on maintaining the employees be rights and pull aheads according to the employment-related legislation, and the rate is subject to review every pivotal year. Over the past few decades, whether minimum wage should be legal has been the subject of controversy over the society, especially the sustenance and Beverage Industry and Retai l Sector. Employers believe the ordinance consider 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 job in such a highly competitiveness line of merchandise environment.

In my opinion, I completely agree to the carrying out of Minimum Wage Ordinance because the law is, in fact, a tested polity which not only offers the key to an impelling clear environment but also gives a c ommon benefit both in industrial relationshi! ps and society. The first undercoat why minimum wage ordinance is a good policy is related to offering a shelter for low-paid workers. Since employers in the dividing line community are under obligation to afford for for each one worker a statutory wage based on the hours the worker works in any wage peak and employers are requested that they keep records of the number of hours worked by the employees. If they damp in paying...If you want to get a secure essay, fellowship it on our website: BestEssayCheap.com

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