Mininum Wage a Good Policy?

The stripped-down Wage Ordinance was passed on 17 July 2010 amid the het up debate in the Hong Kong Legislative Council lasting for almost 41 hours and the ordination became legitimate on 1 May 2011, reality a milestone in Hong Kongs free production economy and providing a statutory protection for employees with minimum peag with a view to striking balance forestalling lavishly low wages and allaying the loss of low-paid rent outs while at the very(prenominal) time sustaining the economic growth in Hong Kong and its fight. The essence of the lodgeing is that employees enjoy a statutory minimum wage pronounce at HK$ 28 per hour found on maintaining the employees be rights and take ins according to the employment-related legislation, and the rate is subject to review every other year. Over the past few decades, whether minimum wage should be legal has been the subject of controversy over the society, especially the nutrition and Beverage Industry and Ret ail Sector. Employers believe the ordinance proceed 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 profession in such a highly competitiveness argumentation environment.

In my opinion, I completely agree to the carrying out of Minimum Wage Ordinance because the law is, in fact, a trustworthy polity which not only offers the key to an impelling tempt environment but also giv es a common benefit both in industrial rela! tionships 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 caper community are under obligation to afford for each worker a statutory wage based on the hours the worker works in any wage finish and employers are requested that they keep records of the number of hours worked by the employees. If they deceive in paying...If you want to get a secure essay, order it on our website: BestEssayCheap.com

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