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Fixing Inequality in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2017

Print ISBN-13: 9789888390625

Published to Hong Kong Scholarship Online: January 2018

DOI: 10.5790/hongkong/9789888390625.001.0001

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Tackling Inequality in the 21st Century

Tackling Inequality in the 21st Century

Chapter:
(p.1) Tackling Inequality in the 21st Century
Source:
Fixing Inequality in Hong Kong
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888390625.003.0041

Inequality in the 21st century is not only about alleviating poverty among the low- income classes but also about preventing the middle-income classes from sinking into near-poverty. It is about investing in people to make them more productive and in possession of both hard and soft skills, and attracting overseas talent. It is about lowering regulatory restrictions to increase the supply of land, housing, and buildings to prevent the worsening of division in society. It is about investing in medical and health care so that elderly people can live with dignity in old age. It is about providing income support for those without means, especially in old age. Rising economic inequality has begun to polarize politics. Most of it has manifested as a demand for democracy and frustration with “one country, two systems.” More people, especially the young, are losing hope; some are disaffected, and some are angry. At the center of this unhappiness is a complex interrelated set of issues that are simply different sources of rising economic inequality. There is a strong sense of injustice because the political system has failed to address the problem for a very long time.

Keywords:   Gini-coefficient, Poverty, Middle-income classes, Immigrants, Divorce

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