Politics
Hong Kong workforce to shrink by 20,000 yearly as key sectors face shortages
Key Points
Hong Kong’s workforce is forecast to shrink by around 20,000 a year until 2028 despite measures to import labour and talent, with shortages remaining most acute among skilled technical workers. A government report on manpower projections on Tuesday found that although the labour shortfall would narrow to 130,000 by 2028, down by nearly a third from the original estimate of 180,000, the city would continue to face critical manpower challenges across key sectors. “Due to economic...
Hong Kong’s workforce is forecast to shrink by around 20,000 a year until 2028 despite measures to import labour and talent, with shortages remaining most acute among skilled technical workers.
A government report on manpower projections on Tuesday found that although the labour shortfall would narrow to 130,000 by 2028, down by nearly a third from the original estimate of 180,000, the city would continue to face critical manpower challenges across key sectors.
“Due to economic transformation,...