In a 44-second video published on 18 May 2025, CK Cheong asks how raising the minimum wage helps the economy. He argues that focusing only on workers having more money gives an incomplete picture and suggests considering the costs small businesses may face.
What is the speaker’s argument?
The speaker observes that when the minimum wage rises, SMEs—with less financial capacity than large companies—may find higher labor costs harder to absorb. He argues that policymakers should consider the effect on SMEs alongside workers’ income and suggests that large companies could benefit if smaller competitors face higher costs.
The claim that a wage increase could make all SMEs “die” is the speaker’s opinion in a short video, not a study or a fact established by the video. It provides no cost data, employment figures, business categories or method for calculating impact. Do not generalize it to every SME or treat it as the only answer to wage policy.
What the video does not answer
The video does not specify minimum-wage rates by location or compare evidence for and against the policy. It summarizes CK Cheong’s perspective rather than providing an empirical analysis. For rates in force under official notices, check the Ministry of Labour’s minimum wage rate page and distinguish the published notice from opinion in the video.