1. LABOR SHORTFAIL in Hong Kong's IT Industry.
- Author
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Wong, Kam-Fai
- Subjects
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TELECOMMUNICATION , *ENTREPRENEURSHIP , *LABOR supply , *WAGES , *BUSINESS enterprises - Abstract
Hong Kong, China, is not only an international city where both Western and Eastern cultures merrily coexist, but also a dynamic society receptive to innovation and sophisticated technology. Hong Kong was one of the first societies worldwide to implement a totally digital telecommunications backbone where the domestic network was fiber and international calls were transmitted via fiber, microwave and satellite. Another such example is on average each person in Hong Kong owns a mobile telephone, now estimated at over six million sets. At the end of 1997, the Asian economic crisis created serious financial problems for many countries in the region and Hong Kong was no exception. However, this problem did not last long in Hong Kong. Global IT business trends, coupled with the vigilant business mindset of Hong Kong entrepreneurs swiftly lifted the city from the trough. Today it is evident that while other Asian countries are still recovering, Hong Kong is enjoying economic growth. The advancement of the IT industry in Hong Kong does not come easily. It brings a new set of problems, especially related to IT manpower. IT companies now demand technical expertise along with industry knowledge and this demand is growing quickly. Although the salaries for IT jobs in Hong Kong are generally high, there is still some level of shortfall in IT power.
- Published
- 2001
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