Employment and the Economy

    Youth I.D.E.A.S. 21 Employment and Economic Development Challenges and Opportunities Facing the Development of Creative Craftsmanship in Hong Kong 27 April, 2017     The world is currently facing the problems of an aging population and a shrinking labour force.  The International Labour Organization (ILO) points out that two billion people will be aged 60 or over by 2050.  This means that there will be a change in labour supply, and many industries will have to attract more workers from the older sections of the population.  The ILO proposes that policies should be formulated to provide post-retirement opportunities […]

  Youth I.D.E.A.S. 17 Employment and Economic Development Flexible Employment of Today’s Youth 29 December, 2016     Flexible employment has become popular across the globe.  According to a survey conducted by the workforce management solutions company Kelly Services in 2015,[1] 31% of workers around the world are forsaking the traditional model of employment to pursue free agency, a form of flexible employment.  Free agents represent 34% of the workforce in the Asia-Pacific region.   This Study estimates, based on the figures of the Census and Statistics Department, that there were roughly 523,700 flexi-workers in Hong Kong in 2015, representing […]

    Youth I.D.E.A.S. 13 Employment and Economic Development Diversifying Hong Kong’s Attractions to Boost Tourism 30 August, 2016     Tourism is one of the four key industries in Hong Kong.  In 2014 it generated value added of HK$112.5 billion, which equates to 5.1% of Gross Domestic Product (GDP),[1] and employed 270,000 workers.  It is a significant driving force of Hong Kong’s economic growth.   The number of visitors to Hong Kong has seen double-digit growth since 2010.  However, there was a decrease of 2.5%, to 59.31 million arrivals, in 2015, and visitor numbers dropped further in the first […]

  Youth I.D.E.A.S. 09 Employment and Economic Development Challenges and Opportunities : Hong Kong’s Role as a Super-connector 30 March, 2016     The Belt and Road Initiative (BRI) refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road.  It is an important long-term foreign development strategy of China.  The central government announced the co-operation and development principles of the BRI in 2013 in a bid to achieve connectivity and to seek common prosperity via enhancing co-operation among different countries and regions along the belt and road.  The aggregate economic value of these places amounts to […]

  Youth I.D.E.A.S. 05 Employment and Economic Development Enhancing the Conditions for Technology Start-ups 30 December, 2015   The number of technology business start-ups has recently seen an upsurge in Hong Kong as the start-up ecosystem has experienced continuous growth.  According to a recent survey by Invest Hong Kong,[1] there were 1,912 start-up founders in 2015, a 71% increase from 2014, while the number of start-ups had risen to 1,558, a 46% increase from the previous year.  Technology start-ups such as information technology businesses and e-commerce businesses in particular are very common.   However, Hong Kong ranked 11th in The […]