Hong Kong Case Study

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Register to read the introduction… Ranging from food to housing, people are under the control of several big companies. For instance, certain supermarkets can be found at every corner of Hong Kong. Can you imagine what it would be like to live without these supermarkets? As the big businesses have monopolized the market, finding a supermarket which dose not belong to any of these big companies is as difficult as getting blood out of the rock. Tiny enterprises, such as grocery stores may find it hard to survive these days. The evil conduct of some of the great companies also does harm to the public. Take a look at the sky-rocketing property prices and you will surely understand what I mean. Candidly speaking, the dominating real estate agencies should take a part of the blame. Nowadays, buying housing is almost a mission impossible to the masses. The average monthly income a university graduate is less than HK $10000. So how many years he or she would need to work in order to buy a housing of several million Hong Kong dollars? That’s why the passive multitude can just throw in the towel and succumb to this inconvenient truth. Without question, most big businesses earn money in defiance of the living of normal people in Hong …show more content…
Apart from the ‘Café de Coral boycott’ mentioned above, what those companies have done to the employees is more than cutting down the labour income. In 2008, the financial tsunami swamped the Hong Kong economy. At that time, it was not easy to find a job. Yet at the same time, it was facile to lose a job. Despite the difficulty in seeking a new job, some big companies in Hong Kong started the dismissing trend. The others then jumped on the band-wagon by firing out tons of labour. This resulted in a surge in the unemployment rate. The red flag was hoisted and people were suffered a lot. Whenever there is an economic crisis, the employees but not the employers would be the scapegoats in the first place. However, once the company has made a profit, it is not likely for it to share the fruits with its labourers. There are always protests against the exploitation of Hong Kong workers. Many people work all day for mere pittance. The increase in income will never catch up with the inflation rate. The disappointment of the public is a piece of convincing evidence to prove that the big businesses aim at making profits

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