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Books > Social sciences > Sociology, social studies > Social welfare & social services > Welfare & benefit systems
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Fixing Inequality in Hong Kong (Hardcover)
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Fixing Inequality in Hong Kong (Hardcover)
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When discussing inequality and poverty in Hong Kong, scholars and
politicians often focus on the failures of government policy and
push for an increase in social welfare. Richard Wong argues in
Fixing Inequality in Hong Kong that universal retirement support,
minimum wage, and standard hours of work are of limited effect in
alleviating inequality. By comparing Hong Kong with Singapore, he
points out that Hong Kong needs a new and long-term strategy on
human resource policy. He recommends more investment in education,
starting with early education and immigration policy reforms to
attract highly educated and skilled people to join the workforce.
In analyzing what causes inequality, this book ties disparate
issues together into a coherent framework, such as Hong Kong's
aging population, lack of investment in human capital, and family
breakdowns. Rising divorce rates among low-income households have
created a shortage of housing, driving rents and property prices
upwards, and enlarging the wealth gap between those who own housing
and those who do not, thus causing intergenerational upward
mobility. This is the third of Richard Wong's collections of
articles on society and economy in Hong Kong. Diversity and
Occasional Anarchy and Hong Kong Land for Hong Kong People,
published by Hong Kong University Press in 2013 and 2015
respectively, discuss growing contradictions in Hong Kong's economy
and current housing problems as well as their solutions.
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