STW must be smoking some good stuff, he is probaly right on some counts, HK tax remaining low ( as a result of slow reform) , higher inflation in EU/US as compared to Asia.I agree that it will still be more lucrative to work in Asia than Europe/US .
HK will not be the HK that we all once knew, fortunately I can reman in HK and will do so as there are some bright spots to be had for those can tough it out , sadly most of my Expat friends are moving to Singapore with a more open environment .