Friday, 7 November 2014

Fact of the Day: Hong Kong's Lost Generation

Remember Hong Kong Chief Executive Leung Chun-ying's comment about how democracy in the city would result in a welfare state because the vast majority of people are poor?

He's technically correct.

According to census figures, the ratio of those under 25 years of age who are still living with their parents has increased from 93.9 percent in 2006 to 95 percent in 2011. For those aged between 25 and 34, the ratio rose from 43.9 percent to 47.7 percent.

That's a lot of (aging) boomerang kids.

And why is that? Young people's salaries have stagnated, while inflation and property prices keep rising. The median income for people aged 15 to 24 remained at HK$8,000 ($1,031) for the decade between 2001 and 2011. The median income for those aged 25-34 only rose by HK$250 in the same period to HK$12,500.

Why are these people making so little money?! It's shocking to read this is the norm, not the exception.

No wonder they have no hope of ever owning a flat, and why they are out occupying the streets even in the rain today.

Meanwhile the High Court is hearing the final arguments in the corruption case involving former chief secretary Rafael Hui Si-yan and Sun Hung Kai tycoon brothers Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen.

We have heard how the Kwok brothers funneled millions of dollars to Hui to be their "eyes and ears" in government. And then we heard about what the former civil servant spent his money on -- CDs, lavish dining, hotel rooms, maintaining horses and a mistress.

Talk about the haves and the have nots.

Because of this case and how the Umbrella Movement was handled, there is no respect for the government.

How can anyone trust an institution that has no clue how to resolve the situation and also allows certain tycoons and companies to take advantage of the system to further skew the wealth gap?

This is why we need change. This is why we need true democracy in Hong Kong.

We really do have economic slaves in the city. And they are our next generation. How can they even begin to support a civil society when they can barely survive themselves?



2 comments:

  1. This article justed 'proved' my point that HK needs to be independent state with a democratically elected government.

    the longer HK is under PRC Communist control, the more generations will be lost...

    how much indignation can HK take for their economic security? does it require segregation? (ie HK standing room or back of the bus only, segregated restrooms for HK chinese vs. PRC Chinese)

    ReplyDelete
    Replies
    1. HI nulle -- there is segregation between the rich and the poor in Hong Kong... how can we resolve that?

      Delete