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Hong Kong Minimum Wage: 2023 Adjustments and Future Forecast
As of May 1, 2023, Hong Kong’s statutory minimum wage has officially increased to HK$40 per hour, marking a significant adjustment from the previous HK$35. This revision, enacted by the Hong Kong Special Administrative Region government’s Labour Department, aims to safeguard the income of grassroots workers and prevent exploitation through excessively low wages. Recent Changes…