Hong Kong's Minimum Wage Increases by HK$0.32 Amid High Living Costs.

Hong Kong has raised its minimum wage by 32 cents to HKD 40 ($5.1) per hour, but activists and community workers have criticized the increase as insufficient to cover basic needs in one of the world's most expensive cities. The minimum wage was frozen in 2021 due to the Covid-19 pandemic, but Oxfam has urged the government to raise it to at least HKD 45.4 ($5.78) an hour. The city's median hourly wage last year was HKD 77.4 ($9.86), and the wealth gap has widened during the pandemic, with the richest households making 47 times more than the poorest ones.