Monday, May 08, 2006

Hong Kong: A "Premier Knowledge Economy"

I know Hong Kong is fast shaping up as a leading "knowledge economy" when I learn about the following facts yesterday:

A guy with a high school diploma working as a lab technician earns US $ 5,385 dollars per month, and a guy with a Ph.D. in economics from the U.S. earns US $ 5,256 a month.

If such mismatch between talents and jobs can occur in a supposedly free market economy, one cannot even begin to fathom similar losses incurred under a centrally planned economy.

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