Will you tell the same speech for someone just wanting to work in HK? Say someone wanting to work for the bank and had to start low. They make very little as well.
In addition to Titan's reply, I would suggest that if a qualified expat banker had his salary and very existence threatened by cheap inexperienced prostitute labour, he and his peers would fight to keep their profession the way it is. Unfortunately, I know it is not a very nice comparison, but until you all see that you are all applying for an inadequate package, that's the way it is.
We are only stating facts about the cost of living etc........... Make up your own mind, but the conditions will only get better if none of you take the jobs offered at this particular time.