Hong Kong Government has launched an employment support scheme which provides wage subsidies to eligible employers to retain employees. The subsidy is for a period of 6 months from June to November 2020. The subsidy is calculated based on 50% of wages paid to employees in a month, capped at HK$18,000 per month (capped at HK$9,000 per employee per month). Some people do not agree with this scheme as there is a growing awareness of corporate social responsibility in the corporate sector and in the society. Companies actively implementing corporate social responsibility are rewarded in the stock markets and in business revenues. Keeping employees with corporate retained earnings may be a viable way to show corporate social responsibility and keep the employees happy.

Do you agree or disagree that providing employment subsidy in an environment such as Hong Kong may not be efficiently utilizing public resources? Give an analysis to support your reasonings.