1/3 of Workers Feel Minimum Wage Is High Enough Already

  • By Kwak Chang-yeol

    July 11, 2018 12:58

    Fifteen percent of salaried workers felt the minimum wage should be frozen next year, a survey by a government committee overseeing the minimum wage hike shows that.

    In the same survey last year, only 4.6 percent were in favor of a freeze this year. In the fresh survey of 5,096 workers at 2,447 businesses, 63 percent of respondents said the minimum wage hike should be capped at nine percent, while the proportion favoring a 15 percent hike or more shrank to 19 percent from 28 percent last year.

    Also, 31 percent said the new W7,530 minimum wage this year is "very high" or "rather high" (US$1=W1,117).

    The survey has been conducted annually, and last year only seven percent saw the minimum wage increase as "high." In contrast, the proportion saying the hike is "very low" or "rather low" shrank from 45 percent to 13 percent.

    Among business owners, 69 percent think the hike this year is "very high," compared to 36 percent last year.

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