Experts warn that Hong Kong's HK$1 increase in the minimum wage, effective on Labour Day, is unlikely to significantly raise low-paid incomes. While not a substantial boost, the adjustment is expected to help preserve purchasing power and alleviate labor tensions under the new calculation formula.

Experts have warned that the HK$1 (13 US cents) increase in Hong Kong’s minimum wage, which takes effect on Labour Day, is unlikely to significantly boost low-paid workers’ incomes, but should help preserve purchasing power and ease labour tensions under a new formula. Human resources expert Alexa Chow Yee-ping, managing director of ACTS Consulting, said the latest rise broadly aligned with recent pay trends. “The actual impact is not significant, as the increase is roughly the same as last...