Professor Yip Siu-Fai on Wealth Inequality and Poverty in Hong Kong
The Expanding Landscape of Poverty in Hong Kong
Professor Yip Siu-Fai, chair professor at the University of Hong Kong, warns that poverty is no longer isolated to older districts, impacting all areas of Hong Kong. In a recent interview, he explained that low-skilled workers are facing significant challenges post-pandemic. The ongoing economic restructuring has exacerbated the situation, highlighting a critical need for attention.
Oxfam Hong Kong's Alarm Bells
A report by Oxfam Hong Kong indicates that more than 1.39 million individuals are now living in poverty, marking a troubling increase in poverty rates since pre-pandemic times. The charity stresses that enhanced support structures are necessary, particularly for the elderly and low-income groups.
The Role of Government and Community Initiatives
Professor Yip called for the restoration of the official poverty line as a vital tool for policy-making and transparency. He underlined the necessity of mobilizing community efforts alongside government initiatives to combat this growing issue.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.