Experts have warned that the HK$1 (13 US cents) increase in Hong Kong’s minimum wage, which takes effect on Labour Day, is unlikely to significantly boost low-paid workers’ incomes, but should help preserve purchasing power and ease labour tensions under a new formula. Human resources expert Alexa Chow Yee-ping, managing director of ACTS Consulting, said the latest rise broadly aligned with recent pay trends. “The actual impact is not significant, as the increase is roughly the same as last...