Date
25 March 2017
The number of employed new graduates rose by 700,000 in the 20 years to 2013, about 130,000 of whom are in jobs that don't match their education. Photo: Reuters
The number of employed new graduates rose by 700,000 in the 20 years to 2013, about 130,000 of whom are in jobs that don't match their education. Photo: Reuters

University graduates earning less now than 20 years ago

New university graduates are earning significantly less than they did 20 years ago because of oversupply and rising inflation, a recent study shows.

They received a median salary of HK$10,860 (US$1,400) in 2013, the latest year for which data is available, down HK$2,300 from 1993.

Meanwhile, inflation has soared 51.4 percent during the past 20 years.

The joint study by New Youth Forum and New Century Forum shows that salary growth has been slowing, SkyPost reports.

The figure was 45 percent in a five-year period 20 years ago against 25 percent for the same amount of time from 2008.

Armstrong Lee, director of Worldwide Consulting Group, said the supply of university graduates has been increasing while demand is stagnant, suppressing compensation levels.

The number of employed new graduates rose by 700,000 in the 20 years to 2013, about 130,000 of whom are in jobs that don’t match their education, the study shows.

Tang Wing-chun, convenor of New Youth Forum, said young graduates have been seeking employment outside Hong Kong or going farther afield to explore potential business opportunities.

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