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Old 06-25-2018, 09:47 PM
 
Location: Miami-Jax
6,312 posts, read 6,967,264 times
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Quote:
Originally Posted by Chint View Post
60 hours would not be considered an overachiever in most tech companies, on wall st, law firms, in medicine, farm work, or in science research at the very least in the US, as well as other industries.


However, it would be considered a lot in any unionized job and most working class jobs in the US.
Ok? I think everything you stated is pretty obvious to most people and I can't tell what your point is.
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Old 06-25-2018, 11:00 PM
 
63 posts, read 25,525 times
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Quote:
Originally Posted by Chint View Post
60 hours would not be considered an overachiever in most tech companies, on wall st, law firms, in medicine, farm work, or in science research at the very least in the US, as well as other industries.


However, it would be considered a lot in any unionized job and most working class jobs in the US.
Europe usually caps working hours at forty hours a week, but what I don't understand is that I know a lot of people who work closer to thirty hours a week earning salaries similar to that of the US. I think this is one aspect that a lot of people overlook when comparing salaries.
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Old 07-07-2018, 01:41 AM
 
Location: SoCal
144 posts, read 550,561 times
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Let's not forget that Hong Kong pretty much has a flat tax of 15% of gross income which excludes, interest, dividends and no capital gains, also things like sales taxes, state tax, local taxes or FICA. Housing for sure is going to be largest cost if living there.
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Old 07-07-2018, 04:59 AM
 
7 posts, read 2,694 times
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In every city and every country, there are working people needing money or is forced to be frugal because their income is not enough for this and that.


Expensive restaurants and bars exist in HK. Western restaurants frequented by western expats are a lot more expensive than chinese restaurants frequented by common people. They have english menus and the chinese restaurants do not have. Richer Chinese goto more expensive Chinese restaurants and order expensive Chiense dishes.


Home and shop rents, Hong Kong has the most expensive or among the top 3 in the world. Buying them is also the most expensive in the world. As a HK Chinese, I can also tell you many other things are cheaper than the US, the EU, Australia, Japan and South Korea. But HK is usually regarded as expensive by the top 2 sources of tourists in HK, the Mainland Chinese and Taiwanese tourists. Other tourists from western countries, Japan and South Korea will regard HK as cheap, except the room of star hotels. The cheapest rooms for tourists in budget hostels are about the same cost as the cheapest room in the US.

Common jobs in HK is pay less than the US and similar western countries. You should note that most things in HK are cheaper except the few you mentioned, and the salary tax of HK is lower than many others, including both rich and poor countries. HK government relies on the sale of land and many other sources for revenue.


The same can be said for large cities in Mainland China and Macau, where apartments are expensive than US cities, but other things are cheaper. Salaries and taxes are lower. Macau government relies on taxes from casinos. Buying apartments in large Mainland Chinese cities, HK and Macau is only a dream for most people.


Yes. For most Chinese families in HK, first they may live in cheaper private housing, the cheapest is actually not cheap compared with other cities. Then apply for the cheap public rental housing, take years or a decade waiting before the government rents them a public apartment. Then live there, pay cheap rent like HKD1000 to 2500 a month, later, if they are able to and want to, buy a public or private apartment, both of which are a lot more expensive than other cities. The prices of apartments, houses and shops in HK is a clear indicator of the economy of HK. When the economy is good, prices are high. Bad economy, prices drop. Mainland China also has a good economy, prices are therefore hard to drop and will increase. Prices in HK is due to shortage of land, huge profit margin made by companies and government policies. Public housing is home to about 60% of HK residents, without housing from the government, most HK people cannot afford.


Some HK people have no money left when expenditure is greater than income. Some always have surplus money. Rich people live in large houses, as opposed to ordinary people.


Asia doesn't have the strict maximum work hours as in Europe. People in Asia voluntarily or involuntarily work long hours.
Quote:
Originally Posted by veg8 View Post
Let's not forget that Hong Kong pretty much has a flat tax of 15% of gross income which excludes, interest, dividends and no capital gains, also things like sales taxes, state tax, local taxes or FICA. Housing for sure is going to be largest cost if living there.

Last edited by AKT22; 07-07-2018 at 05:28 AM..
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Old 06-12-2019, 12:29 PM
 
131 posts, read 8,876 times
Reputation: 18
The salary of female domestic workers from Southeast Asia is typically about hkd 4500 with workers eating the same food and living with their employers' families. They don't have to pay salary tax.

It was reported their salary in HK was among the top 2 or 3 in Asia.
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