The Dilemmas Facing Hong Kong's Generation Y in the Era Of
Volume 18 | Issue 2 | Number 2 | Article ID 5337 | Jan 15, 2020 The Asia-Pacific Journal | Japan Focus The Dilemmas Facing Hong Kong’s Generation Y in the Era of Globalization Louis Augustin-Jean, Anthea H. Y. Cheung Abstract I have been with the government for so many years. How come I did not sort of At a time when the prospects confronting Hong Kong are overshadowed by the combination of fully realize the depth of that sort of the popular movement for democratic rights sentiment, which could be damaging to and the corona virus epidemic that is Hong Kong? (…) If our young people, challenging Hong Kong as well as China, issues of income inequality and declining economic if our young professionals are losing prospects deeply affect the future of Hong hope about the future, then where is Kong youth. This article documents the pattern 2 of growing income inequality with specific Hong Kong’s future? reference to educated youth of Generation Y in spheres such as income distribution, the These comments resound as an admission of relative stagnation of income of younghelplessness from the leader who had been the graduates, and soaring housing prices that make Hong Kong among the most expensive Director of the Social Welfare Department real estate markets in the world. (2000-2003) and thePermanent Secretary for Housing, Planning and Lands (2003) – as well Key words as the Chief Secretary for Administration from Hong Kong, Generation Y, employment, income 2012 to 2017. This is even more the case as she inequality, housing, globalization, oligopoly reiterated them recently, whenshe announced the withdrawal of the controversial bill: On 24 December 2017, Paul Chan Mo-Po, Hong After more than two months of social Kong’s Financial Secretary complained in his unrest, it is obvious to many that blog about his sleepless nights and low appetite’, discontentment extends far beyond the which he attributed to the poor economic Bill.
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