Energy News  
TRADE WARS
World union leaders urge G20 to keep promise of decent jobs

Hong Kong sets controversial minimum wage
Hong Kong (AFP) Nov 10, 2010 - Hong Kong on Wednesday set the city's first minimum wage at 3.60 US dollars an hour, prompting anger from labour groups which criticised it as too low to make ends meet in the glitzy financial hub. The government is aiming to usher in a base wage of 28 Hong Kong dollars (3.60 US) from May next year -- lower than the 33 Hong Kong dollars which labour activists have been demanding and far less than other major cities. The controversial issue has divided business and labour groups for more than a decade, with business groups warning a that a wage floor would lead to widespread job losses among poor workers. The southern Chinese financial hub is famous for its stunningly wealthy tycoons whose business empires cross all sectors of Hong Kong's economy and span the globe. But the densely populated city of seven million is also home to hundreds of thousands of workers who live on hourly wages sometimes as low as two US dollars an hour.

Concern about Hong Kong's growing income gap -- which the UN Development Programme last year pegged as the world's biggest among wealthy economies -- prompted the government to introduce the wage floor. The city's labour department said the new wage would benefit almost 315,000 Hong Kong workers, boosting their pay by 16.9 percent on average. "This is a new and noble thing for Hong Kong," Matthew Cheung, secretary for labour and welfare, told a news conference. "I appreciate it will take time for the community to adjust to it. The aim is to protect grass-roots workers in Hong Kong -- employees are the most valuable asset to enterprises," he added. Regulations specifying the figure will be tabled in Hong Kong's legislature next week for official endorsement. The law introducing the measure in principle was passed in July, but the actual pay rate involved was unveiled only on Wednesday. Lee Cheuk-yan, a unionist legislator and secretary of the Confederation of Trade Unions, criticised the pay floor as "unreasonable".

"We want the government to review this minimum wage as soon as possible so it will represent a fairer wage," Lee said, according to local Cable TV. Unions have warned that anything less than 33 Hong Kong dollars an hour would fail to cover basic living expenses, which have been rising sharply. Many countries already have minimum wage legislation in place, with hourly rates in New York and London set between 7.25 and 8.80 US dollars. But Teresa Cheng, chairwoman of the government committee tasked to fix the minimum wage, said minimum wage of 33 Hong Kong dollars would hurt many small-to-medium sized enterprises. "We have to balance the interest of workers and ensure businesses can continue to operate," she told the news conference.
by Staff Writers
Seoul (AFP) Nov 10, 2010
World union leaders on Wednesday urged the summit of the Group of 20 economic powers meeting in Seoul to live up to an earlier promise to put quality employment at the heart of recovery measures.

More than 220 million people are unemployed around the world, the highest level ever recorded, and an increase of more than 31 million over 2007, Global Unions said in a statement.

Around 15 percent of the total unemployed lost their jobs since 2007 and some 100 million people have been pushed into absolute poverty by the global financial crisis, it said.

G20 leaders meeting in Pittsburgh in September 2009 committed to putting "quality employment at the heart of the recovery."

"But (at the last summit) in Toronto we saw leaders step back from that promise," Sharan Burrow, International Trade Union Confederation (ITUC) general secretary, told journalists.

She said that in previous G20 summits in London and Pittsburgh, there were "strong words" about financial regulations aimed at preventing global banks from sparking another economic crisis.

Leaders have also made strong commitments to action on global warming and creating green jobs, she said.

"We are still waiting. There are no significant financial regulations. There is significant action on the climate, there is limited action in some countries on green jobs and there is now a bitter crisis of unemployment," she said.

"And so unions and representatives of workers of the world are saying -- this is the test: will the governments put those promises back at the centre of the communique (of the G20 Seoul summit) and will they implement them."

She said global workers were demanding the G20 summit put quality employment "up right at the front of the communique" and to invest in mechanism to create decent jobs everywhere.

Earlier on Wednesday, Burrow and other world union leaders met South Korean President Lee Myung-Bak, who she said had made a "very strong commitment" to creating quality jobs and a fair society.'

"He indicated he would leave discussions... with those commitments," she said.

Fear of the financial markets is pushing many G20 governments into retreating from expansionary policy in favor of austerity programmes, which if implemented, will sharply increase the risks of economies returning to recession, the ITUC said in a statement released last week.

"Government should not accept the prospect of a decade of stagnant labour markets in industrialised countries, the entrenchment of poverty in developing countries and a lost generation of youth shut out from productive activity," it said.

"G20 leaders should, in the short term, give priority to reducing unemployment and, in the medium term, pursue a different model of growth and development -- one that is balanced, sustainable, creates decent work and distributes income fairly.

To this end, the Global Unions call on G20 governments "to retain recovery measures that focus on job reation, so as to reduce public deficits through sustained economic growth rather than spending cuts," it added.

The ITUC represents 176 million workers in 151 countries and territories and has 301 national affiliates



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
China trade surplus adds to pressure over yuan ahead of G20
Beijing (AFP) Nov 10, 2010
China's trade surplus grew in October as both exports and imports rose on-year, the government said Wednesday, adding to pressure on Beijing ahead of the G20 summit to let its currency appreciate. The trade surplus expanded to 27.15 billion dollars in October, customs authorities said, before a Group of 20 summit in Seoul that is expected to focus on rebalancing the skewed global economy. ... read more







TRADE WARS
EU wants $1.4 trillion for energy overhaul

EU unveils trillion-euro single energy market

Hopes for Obama's wave of green jobs fades to gray

Obama inks energy agreements in India

TRADE WARS
Nigeria kidnaps sharpen fears of oil war

Nabucco supply deals imminent, RWE says

Oil Will Run Dry Before Substitutes Roll Out

British cuts leave Falklands open to attack: ex-admirals

TRADE WARS
Global Warming Reduces Available Wind Energy

South Korea plans offshore wind project

Buoyant Times Ahead For Offshore Resource Assessments

Suzlon eyes China's wind power market

TRADE WARS
Prudential Installs Solar Panels And Charging Stations For Electric Cars

Suntech Selected For Phase Two Of 44MW Solar Power Plant In Thailand

Geological Society Of America Moves Toward 100 Percent Renewable Energy

Ameresco Awarded Contract To Design And Build PV System

TRADE WARS
German nuclear waste arrives after mass protests

'We're staying here': nuclear activists defiant to the end

Nuclear waste battle shows German feelings run deep

German police, activists gear up for nuclear showdown

TRADE WARS
OriginOil Achieves Hydrogen Production Comparable To Photovoltaics

Growing Sorghum For Biofuel

Pennycress Could Go From Nuisance Weed To New Source Of Biofuel

Grasses Have Potential As Alternate Ethanol Crop

TRADE WARS
China Announces Success Of Chang'e-2 Lunar Probe Mission

China launching spacecraft at record rate

China Goes To Mars

China says manned space station possible around 2020

TRADE WARS
US scientists to speak out on climate change

Should Our Biggest Climate Change Fear Be Fear Itself

UN climate panel calls for carbon and transport taxes

Post-election and Obama's climate change


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement