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HK ExCo Approves Min. Wage Review Once Every Yr, 'Only Hike' Regime
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The Executive Council of Hong Kong approved the change of the review cycle of minimum wage from "once every two years" to "once every one year" and the introduction of a formula for future adjustments that will not allow pay cuts, sources divulged. According to the mechanism, the minimum wage is increased by $1.8 to $41.8 in this review. AAStocks Financial News |
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