Recent analysis of changes to Hong Kong are getting press in the Economist. A new law is going to be passed setting a wage floor in Hong Kong. For years, the city has managed to grow, thrive even, without the common law known as Minimum Wage.
The legislation is set to impose a minimum wage between $3.00 and $4.00 American. Not much by our standards, but then again, perhaps our standards are a bit exaggerated.