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BackHong Kong's projected labor shortage to drop to 130,000 by 2028
Hong Kong's projected labor shortage to drop to 130,000 by 2028
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SCMP Economy1 hour agoBusiness1 min readChina

Hong Kong's projected labor shortage to drop to 130,000 by 2028

Reduction attributed to AI development and government policies importing labor and talent

hong konglabor shortageartificial intelligence

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Hong Kong's projected labor shortage by 2028 will decrease from 180,000 to 130,000, driven by AI development and government labor importation policies, according to Labour and Welfare Secretary Chris Sun Yuk-han.

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Why It Matters

Hong Kong previously projected a manpower shortage of 180,000 workers by 2028.

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Hong Kong will be short of 130,000 workers by 2028, about a third less than originally projected, a reduction the city’s labour chief attributed to the development of artificial intelligence and government policies to import labour and top talent.

A day after the release of the city’s first five-year plan and annual policy address, Secretary for Labour and Welfare Chris Sun Yuk-han said on Thursday that authorities would exempt start-up founders approved under the Top Talent Pass Scheme from needing to provide proof of company income when renewing their visas to better support these entrepreneurs.

“Our previous manpower projection found that we will be short of 180,000 workers by 2028, but in the latest study, to be announced in detail next week, the shortfall will be reduced to 130,000,” he said.

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  • Detailed manpower study to be announced next week

    Very likely · Within days

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  • What specific details will be released in the upcoming manpower study next week?

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PeopleChris Sun Yuk-han
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Topicslabor shortageartificial intelligencechris sun yuk-hantop talent pass scheme
This article was originally published by SCMP Economy.

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