Young working people are the new Serfs of the 21st century, which you can thank globalisation for this aspect in Hong Kong and in the West. It really irks me how big business have got their way by financially knee capping the young.
It wasn't like that when I first started work, I was financially kicking goals in my early 20's and purchased my first home etc. I just don't see how young people today, unless they've studied law or attained a phd in some form of professional specialised field, are really going to get their head above water financially, as property prices in desirable areas close to work require such hefty rent or mortgage commitments.
In Hong Kong it's currently even more of a shit sandwich for young people, but it's bad pretty much in most desirable cities, being pushed further and further away.
Last edited by Skyhook; 18-11-2021 at 12:50 PM.
I haven't read the replies but I wonder where the HKD 6.8K come from. A factory worker in China these days can get RMB 5k
If you work in an office your salary may start at 10k. I have a friend in Shenzhen that runs a company, for skilled (engineers) people it's hard to get them even for 30k, most likely quite a bit more for good ones. And that are local China people.
the way this country is run, is kind of like trimming the lawn. except the “lawn“ here are people.
what we are witnessing here is a catastrophic loss in income for young people in this city. but the authorities probably assured you that it only affects a small minority of irrelevant people.
it would be fun to see which small “irelevant“ “minority” group ah yeh(grandpa) goes after next, to bring catastrophic loss to them. China does this several thousand times, and voila, the lawn has been “trimmed”.
That HKD 6800 is probably entry level/intern pay. Realistically, pay is likely capped to 15k RMB once the requisite skills are acquired. The highly skilled folks and qualified people tend to start their own business in China as investment is still relatively low. Hence the difficulty to find people willing to work for 30k at that level.
RMB7K is the average starting salary for graduates in the GBA
https://www.scmp.com/news/hong-kong/...ss-pay-working