Working Poor Families on the Rise
Oxfam revealed a 10 percent rise in the last five years.
In its latest report, Oxfam Hong Kong has revealed that the number of working poor in Hong Kong has risen to 189,500 families, a 10 percent rise in the last five years.
More than half of those households live on an income less than the average Comprehensive Social Security Assistance welfare scheme.
Oxfam urged the government to adjust MPF mechanisms and institute an annual review of the minimum wage.
It also highlighted inequality in Hong Kong, pointing out that the wage gap has been widening for the past three years, the richest 10 percent of Hongkongers owns 77.5 percent of the city’s wealth, and the wealthiest 1 percent of the SAR owns more than half of Hong Kong’s total wealth.
Our take: Great to know the government’s really tackling the big issues!