New Minimum Wage

A new minimum wage in Hong Kong will result in the less efficient allocation of work, because it will be more expensive to give work to lower paid employees. The unemployment rate will increase, because low value employees will need get hired to do work. Some firms may never start, which other businesses will grow at a slower pace. … "New Minimum Wage" has a significant impact, so an analyst should put more weight into it. "New Minimum Wage" will have a long-term negative impact on this entity, which subtracts from the entity's value. This statements will have a short-term negative impact on this entity, which subtracts from its value.