Enlight21

Author: | Category: Politics International | Date: 09-27-2019

Extreme income inequality is at the root of the anti-China protests in Hong Kong. Hong Kong represents perhaps the developed world’s most extreme case of income inequality. Rents in Hong Kong are even higher than rent paid by denizens in New York City and San Francisco. And, given that the minimum wage in Hong Kong is only $4.82 an hour, it is easy to see how many of Hong Kong’s masses end up in cubbyholes with little prospect of upward mobility.

Exacerbating this situation is the fact that a college degree isn’t worth very much in Hong Kong: College graduates often end up in dead end jobs. Thus, the pro-democracy protests are not just political protests, but are anguished expressions of economic frustration. (more)

https://www.nytimes.com/interactive/2019/07/22/world/asia/hong-kong-housing-inequality.html

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