I hear you bro, but you're not talking sense.
Originally posted by twiceAweek at 23-4-2008 14:53
No mars, you're missing the point ... It was a select few but that 'few' are a lot more then you think ... a lot lot more ...
I can't say exactly mow many but definately more then 10% of the white collar male working population.
A few minutes with Google provided the following stats:
In 1997, HK's GNP (that is, the total of all economic activity in HK) was 164 billion US dollars
HK's population in 1997 was 6.6 million (so HK's 1997 GDP was about US$ 25,000)
I can't find the figures for HK, but in 1998, 60% of all workers in the USA were white collar employees; about 60% of those white-collar workers were men, and lets say approx half of all men were employed (leaving out children and the old). That means that 18% of the total 1998 US population were white-collar working men; but let's say just 15% because in HK's case, it gives an easier figure to work with. 15% of the 1997 HK population was 1 million.
You say 10% of HK's white-collar male workers, or 100,000 guys, were spending those huge sums of money in HK's clubs. Let's do the math:
if each of those 100K guys spent that US$ 50K/mth in clubs, that would equal US$ 5 billion each month or US$ 60 billion per year. So according to you, in 1997,
36% of HK's total GNP would have derived from guys sipping brandy and playing grab ass with teenage girls in night clubs!
I would be surprised if the club scene formed even 1% of HK's total GNP, which means that your assumptions are off by a factor of 36.
(The above supposes that HK and the US have a similar percentage of their workers in white-collar jobs, which seems reasonable seeing that HK is a service economy without the larger farming and manufacturing industries that form an important part of the US economy.)