Real estate prices are also rising and apartments are becoming more out of reach of regular people as mainlanders come to Hong Kong, suitcases in hand full of cash and snap up properties.
Meanwhile staff are being squeezed to do more with less (sound familiar?) and some companies are doing yet another round of layoffs.
That said, there are still opportunities to be found. A friend of mine got a job during a hiring freeze, and another who was made redundant is starting up his own company, which with his good connections, should help him succeed.
This is what I love about Hong Kong -- despite numerous setbacks, there are still opportunities around if you look and are in the right place at the right time. People need to find a way to survive so they do -- one way or another.