What Hong Kong needs is not so much a minimum wage as a maximum wage gap. This would give employers the flexibility they insist they need to stay in tune with fluctuating economic conditions while at the same time deterring them from exploiting their lowest-paid employees.
Since there are no absolutes, the wages of those on the lowest rung of an organisation's payroll ought to be a derivative of the salaries of those on the highest rung, and vice versa.
This would ensure that, during the good times, when chief executives see fit to award themselves large pay increases, the workforce as a whole benefits. Likewise, when they deem it necessary to slash wages in times of economic recession, they will feel the pinch as much as everyone else.
In this manner, wages will still be governed by the unseen hand of the free market, but it can also be ensured that the wealth generated by this force is more fairly distributed.
STEPHEN ROSS, Lamma
'Not healthy', indeed