The feasibility of implementing : a minimum wage system in HongKong
The minimum wage system was first originated in New Zealand and Australia has been a contentious political issue. In Hong Kong, the minimum wage policy recently received a wider attention with focus on its impact on low-wage workers, mployment and poverty in the labour market. This issue has been widely studied many academics and policymakers. Although previous studies have provided lable findings in different areas and from different perspectives, their results limit i country they studied in which different countries have different effects when the irnum wage was adopted. They are unable to draw a complete picture of the sntial effect of Hong Kong because of the different social, political and economic texts. This study is an attempt to investigate the applicability of previous views ut the minimum wage policy to the capitalist market economy of Hong Kong.
This dissertation takes an approach by synthesizing all these different pieces ?evious work into a neoclassical economics framework which is useful to generate ear and simple perspective of the phenomenon.
This paper suggests that minimum wage is not easily applicable to free market nomies including Hong Kong. Nevertheless, the successful case of Singaporean *e policy is an interesting piece of welfare policy worthwhile for further study.
School:The University of Hong Kong
School Location:China - Hong Kong SAR
Source Type:Master's Thesis
Keywords:minimum wage china hong kong
Date of Publication:01/01/2005