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  • October 2, 2014
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  1. Comment - Insight & Opinion

    Authorities would be wise to mind the income gap

    Posted Aug 12th 2014, 05:16am by SCMP Editorial

    ... SCMP Editorial Please mind the income gap According to a study on minimum wage and purchasing power in this newspaper last Wednesday, Hong Kong's HK$30-per-hour rate is enough to buy ... are put together, however, they may give some insights on income distribution in our society. While an hour's wage for the 98,000 lowest paid workers cannot even buy two Big Macs, thousands ...

  2. Business - Comment - JAKE'S VIEW JAKE

    Jobs cry an excuse to continue income disparity

    Posted May 22nd 2014, 01:15am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com HK needs to rise to the level of the great democracies if everyone is to have a better life Jobs cry an excuse to continue income disparity ... is that they have the time and energy to do it after the daily grind of just staying alive and hiding from the exactions of the more powerful. The great democracies generally have better income equality. ...

  3. Comment - Letters

    Pilot scheme would help couples on lower incomes own a home

    Posted Apr 24th 2014, 03:47am by LETTERS

    ... SCMP Editorial Pilot scheme would help couples on lower incomes own a home The Hong Kong Civic Association supports the suggestion of the steering committee on population policy in its ... Young working couples in the lower middle-income class in Hong Kong's population profile are undeniably important to the future growth and prosperity of the Hong Kong SAR. Support ...

  4. Comment - Insight & Opinion

    Fall of 'bond king' Bill Gross marks the end of an investment era

    Posted Sep 30th 2014, 03:32am by SCMP Editorial

    ... that "you can intimidate everyone". As the co-founder in 1971 and long-time investment chief of Pimco, Gross helped make the fixed-income mutual fund industry what it is today and heralded ... bull run. With Gross at the helm, Pimco was frequently cited as the world's largest fixed-income mutual fund manager, with current assets worth US$2 trillion. For all this, he was rightly ...

  5. Comment - Insight & Opinion

    Above all, we must build a sustainable pension scheme for Hong Kong

    Posted Sep 29th 2014, 05:12pm by SHIRLEY YUEN

    ... of the solution. Every year, some 100,000 people in Hong Kong pay salaries tax on incomes of more than HK$1 million. These people do not need public assistance in their old age. To ensure that we target ... will need incomes for many more years. By 2041, when today's children will be well into their careers, life expectancy for men is projected to be 84.4 years, and for women 90.8 years. As we ...

  6. Business - Economy - MACROSCOPE

    Globalisation glitter dulls as people get richer

    Posted Oct 02nd 2014, 05:40am by PATRICK LOW

    ... competition. Why do higher incomes correlate with more negative attitudes? Growth and employment have not recovered in the advanced economies since the recession. Economic performance has also been ...

  7. Business - China Business - MR. SHANGKONG

    Beijing's closed door meeting with Hong Kong tycoons erodes trust

    Posted Sep 29th 2014, 03:58am by George Chen

    ... with the so-called property monopoly that helped to kill countless small and private businesses in the city. We can't deny that this income gap is one of the key causes of the current political storm ...

  8. News - China - CHINA BRIEFING

    Xi Jinping endorses the promotion of Confucius

    Posted Sep 29th 2014, 06:48am by Wang Xiangwei

    ... aimed at giving Confucianism a greater role in government efforts to build new social values. Social tensions have risen as a result of a widening income gap, blind pursuit of materialism ...

  9. Comment - Insight & Opinion

    Reform, not monetary stimulus, is China's only choice to revive growth

    Posted Sep 23rd 2014, 05:58pm by ANDY XIE

    ... the economy, China must cut taxes by 1 trillion yuan (HK$1.26 trillion) or more. Value-added tax should be cut to 13 per cent, from 17 per cent, the top personal income tax rate slashed from 45 per ... As China's population profile ages, the delay may see the middle-income trap become a self-fulfilling prophecy. There are three paths awaiting China within two years: stagnate, blow up, or break out. ...

  10. Comment - Letters

    Letters to the Editor, September 26, 2014

    Posted Sep 26th 2014, 04:47am by LETTERS

    ... to end housing woes Increasing numbers of people in Hong Kong are faced with the problem of unaffordable housing. This is caused by low incomes and inadequate allocation of resources. To begin ... 100,000. In addition, the incomes of many wage earners are too low for them to buy a flat. Also, prices of flats in private estates are rising rapidly. This combination means that, for many ...




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