Political situation
Written by: Zhou Haoyi
2021-01-16 11:04
Last update date: 2021-01-16 11:04
The SAR government launched the "Greater Bay Area Youth Employment Program" last week to subsidize businesses in Hong Kong and other cities in the Greater Bay Area to hire qualified local universities and colleges graduates to work in the Greater Bay Area cities, with a quota of 2,000 , Employed young people can get a monthly salary of not less than 18,000 Hong Kong dollars.
The Emeritus Professor of the Department of Management of Hong Kong Baptist University, Zhao Qikun, said on the Radio Hong Kong program "Hong Kong Letters from Home" that university graduates can consider whether to participate in the "Greater Bay Area Youth" from the prospects of development in the Mainland and whether their wages are both. "Employment Program", it is believed that young people who intend to develop in the Mainland may consider participating.
He mentioned that the government should properly prepare for this plan, otherwise it may cause political gaffes, such as the need to handle the number of places applied by agencies carefully.
Zhao Qikun said that under the major premise of the Sino-US trade war, coupled with the spread of the global epidemic, it is difficult for young graduates to find jobs in any place.
He said that the real GDP growth forecast for 2020 is -6.1%, and the unemployment rate has soared to 6.3% in a short period of time. Therefore, the future will be closed due to business difficulties, organizational transformation or reorganization, production automation, information systemization, and immigration. Companies and other issues have made it inevitable that the number of jobs in Hong Kong will continue to decrease.
He said that Hong Kong has about 20,000 subsidized tertiary students graduating each year. It is even more difficult to compete for positions in Hong Kong with Hong Kong people returning from overseas and university students studying in Hong Kong.
Zhao Qikun: Can consider whether to participate in the plan from the development prospects and wages in the Mainland
He said that college graduates can consider whether to participate in the "Greater Bay Area Youth Employment Program" from two aspects, namely, the prospects for development in the Mainland and whether wages are attractive.
He pointed out that China will continue to be a major leader in the Asian economy in the next 10 years, especially in the development of the fourth industry. In the long run, when the Dawei economy recovers, it will still be profitable in industries such as manufacturing, industry, or innovation.
He mentioned that this plan will provide support to SMEs and innovation and technology companies that are preparing to develop in the Greater Bay Area. It is believed that employers participating in this plan will continue to hire existing talents after the completion of the plan, and at the same time allow young people in Hong Kong to be more Understanding the job market and work culture in the Mainland is a win-win situation for employers and employees. I think young people who intend to go to the Mainland to develop may consider participating.
In terms of wages, Zhao Qikun said that the purchasing power of the income of newly recruited college graduates in Hong Kong is decreasing every year. The income of 2019 college graduates is only 75% of the purchasing power of 25 years ago. On the other hand, based on the living index of the Greater Bay Area, Shenzhen Housing, transportation, and entertainment in cities outside the Greater Bay Area are far lower than those in Hong Kong. The monthly salary of 18,000 Hong Kong people is a very attractive incentive, but whether there will be a significant difference between the exchange rate of the Hong Kong dollar and the RMB in the future will take time. prove.
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Worries that poor preparations will cause political gaffes
However, he is worried that if the plan is not well prepared, it will cause some political gaffes.
He pointed out that from the perspective of public financial management, the government should not and will not endlessly subsidize the salary expenditures of private enterprises. However, in today's desperate situation, special matters are handled as a one-off plan.
He pointed out that the government needs to carefully handle the number of places applied by institutions. Most listed companies are strong and may not need government help. Local SMEs or start-ups have limited capital flows and high risks, but they only rely on creativity and hard work to create new worlds. , Deserves support.
He also mentioned that for those who choose not to do business or work outside Hong Kong, if they do not benefit from this plan, they may feel that the government favors one another or has other political reasons, leading to social divisions.
He emphasized that no matter whether they choose to develop in the Mainland or not, every young person must equip themselves well, and when opportunities come, they can seize the opportunity and devote themselves.
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