Since the 1980s, Hong Kong economy was transforming from a manufacturing economy to a service economy. (Legcogovhk, 2015)Such transformation has changed the knowledge and skill requirements of the labour force. Manufacturing workers unable to cope with this change are being displaced. It caused a large amount of labours being unemployed. Moreover, the Basic Law had made the welfare of society so subordinate to business interest. (Goodstadt, 2013)The welfare of society were very hazy and less comprehensive than economic aspect. Although some workers are not being displaced, but the welfare of them are being exploited. For example, the wage of the unskilled or less well-educated workers reduced as their competitiveness is lower than that of skilled workers. There are no comprehensive law even no minimum wage to guarantee the welfare of those workers. Therefore, economic restructuring cause a number of labours being substituted, it made more people fall into …show more content…
Hong Kong has a rapid ageing population. According to the research conducted by Research Office of Legislative Council, the population of the elderly is 15% of the population of Hong Kong Citizens. The Hong Kong Council of Social Service’s report shows that one in three elderly are living below the poverty line. As Hong Kong is a prosperous city, older generation are easy eliminated by the society due to low labour force, so they are easy to fall into poverty trap. The old-age or even the middle-age population is not properly safeguarded by the current Mandatory Provident Fund, the financial subsidies for this group of people is not sufficient. lack of comprehensive old age protection lead to poverty as the elderly lose their productivity so on they are easy to fall in poverty. Poverty is a serious problem in Hong Kong over a number of years, but is it an alarm for you? Many people may think that they do not have the moral responsibility to eliminate poverty. However, is it none of our