Hong Kong's wages are generally higher than those of other Asian countries but are substantially lower than those in Japan.
table 13
average daily wages of manufacturing wages
(In US$, with sterling £ equivalent shown in brackets)
country
Hong
South*
Kongt
Japan*
Korea
Singapore*
year
1964
1.72
3.06
0.48
2.48
(0.61)
(1.09)
(0.17)
(0.89)
1965
1.93
3.34
0.56
2.48
(0.69)
(1.19)
(0.20)
(0.89)
1966
2.05
3.75
0.65
2.40
(0.73)
(1.34)
(0.23)
(0.86)
1967
2.19
4.22
0.80
2.56
(0.78)
(1.51)
(0.29)
(0.91)
1968
2.17
4.88
1.00
2.53
(0.90)
(2.03)
(0.42)
(1.05)
1969
2.39
5.72
1.24
2.53
(1.00)
(2.38)
(0.52)
(1.05)
1970
2.80
6.62
1.55
2.48
(1.17)
(2.76)
(0.65)
(1.03)
1971
3.26
7.50
1.86
2.53
(1.36)
(3.13)
(0.78)
(1.05)
1972
3.89
10.13
1.74
2.89
(1.50)
(4.04)
(0.69)
(1.15)
1973
4.88
14.31
1.77
(1.98)
(5.79)
(0.72)
1974
5.138
(2.21)
sources.
notes:
Annual Departmental Reports by the Commissioner for Labour. I.L.O. Bulletin of Labour Statistics—1974 First quarter.
I.L.O. Year Book of Labour Statistics-1973.
† Figures refer to wages of industrial workers and include fringe benefits, such as bonuses, free or subsidised food and accommodation, and sued holidays, but not overtime payments.
* Figures generally relate to earnings of wage-earners and, in the case of Japan, also salaried employees. They normally include bonuses, cost of living allowances, family allowances, taxes, social insurance contributions payable by the employed person and, in some cases, payments in kind. Average for the first eight months of 1973. § Average for March 1974.
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