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Written by: Commentary Editing Room
2020-11-20 06:45
Last update date: 2020-11-20 06:45
In recent days, the establishment and even the government have repeatedly encouraged young people to go north for development, but they rarely reflect on how to increase Hong Kong’s competitiveness.
The latest Global Cost of Living Index published by the Economist Intelligence Unit (EIU) shows that Hong Kong has once again become the most expensive city among the 133 cities in the world, and ranks first with Paris, France and Zurich, Switzerland.
In the joint development plan of the Greater Bay Area, Hong Kong should do industrial reforms, attract talents, and even take the lead, rather than just export young job seekers to other cities.
How to position and increase competitiveness deserves the government's reflection and attention.
There are always push and pull factors in the healthy competition of adjacent cities.
On the one hand, the innovation and technology industries in Shenzhen and other Greater Bay Area cities are booming, giving young people more opportunities for development. On the other hand, the cost of living in Hong Kong is high. As a result, Hong Kong cannot attract foreign talents, and there may even be brain drain.
"Hong Kong-Shenzhen Innovation and Technology Park" in the Lok Ma Chau Loop (Photo by Zheng Zifeng)
Labor costs are almost different
The 2019 survey report of the international recruitment agency HAYS showed that the real wages in Hong Kong and the Mainland are not much different, but the cost of living in the two places is quite different.
The purchasing power of Hong Kong's salary is only equivalent to US$398,000, while that of the mainland is as high as US$521,000, which is a far cry.
In such a social environment, how can Hong Kong attract talents?
The establishment only knows that they call on young people to go north to find opportunities. Although the original intention is good, they have neglected to enhance the competitiveness and attractiveness of Hong Kong itself.
As we all know, the high cost of living in Hong Kong is one of the reasons for the cost of housing and rent.
The EIU report calculates the cost of food, clothing, transportation, and housing rent. In addition to the direct increase in housing rents due to the abnormal property market in Hong Kong, food and beverages are also likely to be expensive due to expensive shop rents.
However, the Hong Kong government is superstitious of the small government and the big market. It evades the land resumption and vacancy tax. It dares not challenge the vested interests who rely on land for profit. The cost of living in Hong Kong has not improved, and employment opportunities have not increased significantly. Talent Naturally discouraged.
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Hong Kong is the core of the Greater Bay Area
Although Shenzhen is also facing the problem of high housing costs and easily causing brain drain, its government has not only actively provided housing subsidies through the "High-level Domestic Talents Program" and "Shenzhen New Talent Policy 81", but also introduced specialized housing for talents. Policies, under the leadership of the government, reduce the cost of living, and attract talents to work and live in peace.
On the other hand, the Hong Kong government still relies mainly on market drivers, that is, companies themselves provide housing allowances for talents.
The government only has the "Innovation Chamber" talent housing plan in the Science Park. Not only does it have 500 units, but it is difficult to achieve its effect due to improper planning.
What's more, the establishment and even officials did not have the determination to solve the problem, and only planned to export young people to the Greater Bay Area one-way.
In fact, Hong Kong itself is one of the cities in the Greater Bay Area, and even its core. If Hong Kong can do a good job in industrial development and attract talent pools, it will itself promote the overall development of the Greater Bay Area.
They do not reflect inwardly on the shortcomings of various policies that have made Hong Kong unsuitable for living and cause loss of talent. Instead, they regard the export of talents as the antidote to the current employment and social problems in Hong Kong. This is really a misunderstanding of the talent development strategy of the Greater Bay Area. .
Just as Chief Executive Carrie Lam expressed at the 40th anniversary celebration of the establishment of the Shenzhen Special Economic Zone, the talent strategy for the joint development of the Greater Bay Area should be to jointly recruit global talents, each with their own strengths, rather than one-way input or output.
Therefore, when it comes to "jointly" attracting talents in the Greater Bay Area, Hong Kong not only focuses on talent export, but also needs to break the superstition of large markets and small governments, reduce living costs for talents, and strengthen talent absorption, so that it will not be delayed. The hind legs of the Greater Bay Area.
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