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Poverty Blights the Dream of Hong Kong

http://www.ft.com

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"In a city of 7m people with an average per capita income of nearly US$30,000, 1.23m live below the poverty line, earning less than half of a desperately low median wage. The city’s Gini coefficient, which measures income inequality, is the worst in Asia (worse even than India and mainland China) before the limited effects of the city’s half-hearted income redistribution are counted."

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PC Harris's picture
Created by PC Harris 2 years 18 weeks ago
Category: Free Market   Tags:

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