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OpinionLetters

Letters to the Editor, August 25, 2012

Reading Time:5 minutes
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Shooting events have rightful place in the Games. Photo: AP

I am strongly opposed to calls for the statutory minimum wage to be increased from HK$28 to HK$35 an hour.

Small and medium-sized enterprises (SMEs) already face a heavy financial burden and, as a survey revealed, their main financial concern is the high rents caused by skyrocketing property prices.

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If the statutory hourly rate was raised to HK$35, I fear that some firms would not be able to survive.

SMEs already struggle in an economy where the large enterprises control the market through their monopolies.

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These SMEs contribute to the diversity of this city and the government should help them rather than trample on them by imposing a wage hike.

Also, this wage law only came into force last year and so it has not been possible, over so short a time, to undertake a long-term evaluation of its effect.

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