Shrinking Job Market Fuels Calls for Protectionism The latest statistics on graduate job vacancies in Hong Kong paint a bleak picture: from 80,000 openings in 2022 to just 31,000 last year.
This sharp decline has sparked calls from industry leaders to prioritize local graduates and restrict the hiring of non local candidates. Behind this decline lies a complex interplay of factors.
The impact of artificial intelligence on employment cannot be ignored. As machines increasingly take over routine tasks and automate processes, demand for entry level roles has plummeted.