• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

In this piece of coursework, I aim to investigate the changes the IT industry has caused in the labor market in Hong Kong and what effects it will cause in the future as well.

Extracts from this document...


INTRODUCTION AIM: In this piece of coursework, I aim to investigate the changes the IT industry has caused in the labor market in Hong Kong and what effects it will cause in the future as well. METHODOLOGY I will use primary data such as a questionnaire to give me an idea what people think about introducing the IT industry and also secondary data such as government's statistics and newspaper articles to provide me with background knowledge. ANALYSIS DEMAND The Past Trends From being a small fishery village in the 1950's to the blue-collar based workers in the 1970's to the present well-known trading metropolis in Asia, Hong Kong has experienced two industrial revolutions. In both changes, there is an obvious drop in employment rate in one industry while a rise in the other. For example, from the government's statistics (ref. Appendix 1 and Figure 1) we can see that in the 90's, the industries with the largest decrease and increase in employment are manufacturing and wholesale/retail respectively. Hence, it illustrates the diminishing of the secondary sector and emergence of the tertiary. Hence we can see that at present, the secondary sector is disappearing and part of the reason is because since technology is capable of replacing workers, the demand for manual labor has decreased. ...read more.


The workers of Hong Kong have become more and more demanding because education has improved massively and they are more aware of the rights they own. From fig 3, we can see that as the supply of labor increases, the wage rates decrease hence labor is a lot cheaper in the Mainland China, (ref. Appendix 3) so employers which own factories have turned to locate their plants in the mainland. China is less developed so many of the workers demand a lot less and are willing to work harder even in drastic working environments hence for the same job, there is a larger supply of workers in the mainland than it is in Hong Kong. SUPPLY OF LABOUR AND HOW IT NORMALLY WORKS. Also, since the supply for labor bends backwards at some wage level, this means that at some point, a worker will be satisfied with his wage level and refuse to work anymore. This backward bending curve is related to the standard of living hence in undeveloped areas of the mainland, the workers will work much longer hours than workers in HK who will reduce working hours with the help of trade unions. ...read more.


For example, from my questionnaire, the results showed that 57% of the people had received IT re-training and 63% sensed job insecurity due to the emergence of IT. However, I must say that the people who agreed to fill in my questionnaire mostly worked in offices and were of low managerial status e.g. secretary, clerical officers etc. Therefore, if I had interviewed another category of people, then I would have probably got different results hence the outcomes from my questionnaire could be biased. Another weakness involved in my piece of coursework was the fact that I was only able to obtain occupational statistics for a period of ten years hence it may have affected the accuracy of it. If I were able to get hold of results for a period of a longer time, then I would probably be able to draw slightly different conclusions from it. However, in general I think I have done my best and so I am quite content with it regardless of the weaknesses involved. BIOGRAPHY Sources used for primary data: Questionnaire Sources used for secondary data: Hong Kong's Annual Digest of Statistics 1999 p.21 (Employed Persons by Industry) South China Morning Post Article "A path to a world without work" Dated 13/11/02 Hiu Yee CHUNG 11D ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Macroeconomics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Macroeconomics essays

  1. Budget 2004-05 and Economic Analysis of Pakistan

    Special Programmes 6600 8840 Special Areas 9369 11245 Provincial Government 47000 47514 54000 TOTAL EXPENDITURE( A + B) 805234 868392 902770 PROVINCIAL BUDGET 2004-05 Punjab Finance Minister Sardar Hasnain Bahadur Dareshak presented the provincial budget for the fiscal year 2004-05 with an approximate outlay of Rs.180 billion or more, carrying an annual development programme (ADP)

  2. Comparing the effects of immigration on GDP in Malaysia, Japan and South Africa.

    ( Please refer to attachment 2.0 as reference.) 3.2 Number of Immigrants, Unemployment and Crime Incidents Malaysia has been hosted about two millions of documented and undocumented immigrants. The decrease of number of foreign immigrants in year 2001 had

  1. What are the characteristics of a good tax system? Discuss the advantages and disadvantages ...

    Yet, it is better to have a flexible and dynamic tax system so as to ensure that they keep pace with technological and commercial development. For instance, taxpayers in Hong Kong can choose either pay by credit card, cheuqe or telephone.

  2. Statistics Coursework

    I will give some explanations for the different things I have done. * Finally I am going to conclude my investigation explaining my final results. Crime Rate This affects the price of a house because less people want to live in an area with a high crime rate as their

  1. Greece financial crisis: The main causes of this crisis are? What are ...

    that are undesirable from the lender's point of view: that is, activities that make it less likely that the loan will be paid back. ? Lenders do often impose restrictions on borrowers so that borrowers do not engage in behavior that makes it less likely that they can pay back the loan.

  2. Economics of the airline industry

    In the airline industry, flights are less expensive on days and in times in which the demand for a flight is low and the prices are higher when the demand is higher. In searching for a flight, you will find that the costs of flights during the time that people

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work