An analysis of minimum wage

Hong Kong's new minimum wage law just took effect whereby employees would have to be paid a minimum wage of 3.6USD per hour.

If HK can initiate a minimum wage law, I honestly have no idea why it cannot be instituted here. The PAP's refusal to institute one is that minimum wage would result in an increase in unemployment. But at just over 2% unemployment rate, we must be at the structural unemployment level and this is actually the best time to institute this policy to ensure that Singaporeans working in the minimum wage industries are getting paid enough to sustain themselves, especially in an high inflation environment.

Make the minimum wage only for Singaporeans and supplement this by putting stringent quotas on the number of foreigners! Give us some space in our pockets and on the trains!