One of the world's most expensive cities raises minimum wage ... by 32 cents | CNN Business

So when the Hong Kong government raised the minimum wage by a measly 32 cents on Monday, activists and community workers were scathing in their response. “We think this is unacceptable,” said Wong Shek-hung, director of the Hong Kong, Macau and Taiwan program at the charitable organization Oxfam. “It cannot cover basic needs in Hong Kong.” The new minimum wage now stands at 40 Hong Kong dollars per hour, up from the previous 37.5 Hong Kong dollars per hour.

The minimum wage does not apply to foreign domestic workers — a crucial part of the city’s economic and social fabric, who are from countries like the Philippines and Indonesia and are required by law to live in their employers’ households. Economy in upheaval Hong Kong’s economic landscape has been rocked in recent years by the Covid-19 pandemic and politics. The pandemic devastated the food, beverage, hospitality and tourism industries.

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