Other policymakers should closely watch a program Hong Kong has come up with to aid its working poor
Hong Kong is a city of extremes. One of the world’s richest, its streets are lined with Louis Vuitton and Prada shops, the roads with Jaguars and BMWs, and its heights dotted with luxurious homes boasting spectacular views of its famed harbor. But China‘s special administrative zone is also famous for one of the ugliest income gaps in the world. Those less fortunate cram themselves into closet-sized apartments and can barely afford put food on the table in the high-cost city. The government estimates that more than 1.3 million Hong Kongers, or nearly 20% of the population, live below the poverty line.