David S. Lee
David S. Lee
David S. Lee is a senior lecturer at the University of Hong Kong’s Faculty of Business and Economics.

A hypercompetitive environment, slumping wages, costly housing and more have left Hong Kong youth despairing over their future. Firms must put forth rationales and business models that move beyond focusing on profit so we can craft a better life for future generations.

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Even bright young people in Hong Kong are not confident they will lead better lives than their parents. The authorities and businesses have to realise they have a moral duty to everyone in the community.

It’s time for Hong Kong, a laggard in welcoming technological advances like mobile payments and driverless cars, to play catch-up, while considering the impact of such change.