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Regions China

Hong Kong business sector, lawmakers hail minimum wage formula, but economist warns over risks of potential price spiral

Proponents say formula provides ‘objective data’ in determining wage levels, but one economist has warned the measure could trap the city in a wage-price spiral.

By: scmp.com
  • Apr 29 2024
  • 0
  • 1 Views
Hong Kong business sector, lawmakers hail minimum wage formula, but economist warns over risks of potential price spiral
Hong Kong business sector, law
Proponents say formula provides ‘objective data’ in determining wage levels, but one economist has warned the measure could trap the city in a wage-price spiral.

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