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the rate of growth of productivity should increase over the years to come, and this will be a major factor in bringing about an even faster rate of growth of real incomes for all. As a result the opportunities, for better working conditions and more leisure will increase (and, incidentally, Government's land zoning policy is all the time making provision for more amenity areas, higher environmental and housing space standards and so on to take account of the fact that rising real incomes will tend to reduce the length of the working week).
Higher
educational and training standards will, of course, in themselves bring about a desire for a wider range and more demanding types of employment, but this will be met by a further diffusion of technology and a higher rate of growth of capital investment creating an increasing demand for highly skilled and academically well-qualified
personnel.
30.
Finally, because the economy has not been beset
with balance of payments problems, with internally generated inflation, with the need for sudden and dramatic changes in public expenditure and taxation policy, with sharp recessions and unemployment, and so on, there has not been a build-up of social tensions that uncertainty about the economic future can bring. The rapid growth, and yet the stability, of the Hong Kong economy means that a better life for everyone in Hong Kong is assured, and that makes the future worth working for. In all these circumstances,
I do not believe that militancy in employer-employee
relations and cost-push inflation will in the future, any
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