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Julitta Li (17) Erica Liu (18)

Widening wealth gap Strangling the poor. Julitta Li (17) Erica Liu (18). What is poverty??. Poverty – have a difficult condition which people cannot afford basic daily needs. widest income inequality. Hong Kong. Current situation in Hong Kong. From the News:

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Julitta Li (17) Erica Liu (18)

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  1. Widening wealth gap Strangling the poor Julitta Li (17)Erica Liu (18)

  2. What is poverty?? Poverty – have a difficult condition which people cannot afford basic daily needs. widest income inequality Hong Kong

  3. Current situation in Hong Kong • From the News: • 850000 people in poverty in 2009 • weak economic and employment conditions • government strategy on alleviating poverty was not working • Gross domestic product had grown while poverty had worsened

  4. Table from report

  5. Current situation in Hong KongCheapest form of housing – cage homes

  6. Factors contributing to the widening wealth gap • Transformation of economy 2. 1997 Asian financial crisis  economic recession till 2003 3. Capitalist city – free market principle  imbalance allocation of resources 4. Mainland immigrants via cross-border marriage

  7. CASE - Tin Shui Wai ““ Social time bomb”” • Highest poverty rate • High rate of domestic violence • High rate of child abuse ** 60% of residents are recent immigrants Vicious cycle TIN SHUI WAI

  8. Problems arise Social and economic challenges LEADS TO  Intergenerational poverty (Poverty induced by the socially or economically challenged background of a person’s parents.) . Constrained development of children . . Facing difficulties into adulthood .

  9. The Government has done…. • Comprehensive Social Security Assistance Scheme AIM : provide subsidy to poor  meet daily needs BUT… ~ only lessen no. of citizens below breadline ~ not narrowing the wealth gap

  10. The Government has done…. 2. Distance Support Scheme (Distance Cash Assistant) AIM:: provide subsidies for children’s development needs BUT… ~ not sufficient subsidies ($1500/month) ~ narrow scoop of subsidized items Intergenerational poverty=Unsolved

  11. Citizens’ concern Hot debate on minimum wage legislation HAHAHA !! Ridiculous Minimum wage may set below $20 Tommy Cheung, Legislative Councilor-elect of the Catering Functional Constituency

  12. Our suggestions – LONG term measures – • Education and Training ~ Equipped workers have a better paying-career • Implementation of the social enterprises programme ~ More job opportunities will be provided POVERTY EASED

  13. Q & A SECTION

  14. Conclusion Hong Kong has the extreme disparity between the rich and the poor. Government SHOULD :: More efforts on business sector Allocate more public money and resources on social welfare Provide adequate support to the poor

  15. END

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