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Kim Hye Min boasts a 4.0 grade- point average at one of South Korea’s top colleges, a perfect score in English proficiency and internships at Samsung Card Co. (029780) and AT Kearney Inc. All of her 20 job applications were rejected.
“A degree from a good university used to guarantee a spot at least at a top 10 company, but that was when a college degree actually meant something,” Kim, 25, said on Aug. 28, as she walked to a Chinese lesson she’s taking to boost her chance of joining one of the nation’s most prestigious employers. “I studied hard and did everything right, but there are too many of us who did.”
With almost three out of four high school students going to college in an effort to get a top-paying job in one of the leading industrial groups, known as chaebols, South Korea is being flooded with more college graduates than it needs. Its 30 biggest companies hired 260,000 of them last year, leaving another 60,000 to swell the youth unemployment rate to 6.4 percent in August, more than twice the national average.
Location: In a Galaxy far, far away called Germany
4,301 posts, read 4,411,375 times
Reputation: 2395
Quote:
Originally Posted by clb10
Actually the opposite is happening in America.
That is why we need more "Korean-style" people to immigrate to the U.S.
I don't think so. I think the same has been happening here for quite a while. We get all educated so we can get better jobs (and in some cases, not have to work so hard - labor wise), and we wanted better for our kids so they wouldn't have to do those kinds of jobs. For those who don't want to go to college, they still demand to be paid as if they did. Now, we wonder why we end up having to outsource or have an illegal immigration problem. We need those illegals just to pick our crops (Alabama clearly shows this) and we need cheap labor to make things that we can afford. I love the Korean work ethic, but it will back fire on them as it has on us in due time. There must be a balance found.
Youth unemployment of 6.4% unemployment is not high. Youth unemployment in the US is 15%, in European countries it is 20-30% and in Greece and Spain it is over 50%.
I don't think so. I think the same has been happening here for quite a while. We get all educated so we can get better jobs (and in some cases, not have to work so hard - labor wise), and we wanted better for our kids so they wouldn't have to do those kinds of jobs. For those who don't want to go to college, they still demand to be paid as if they did. Now, we wonder why we end up having to outsource or have an illegal immigration problem. We need those illegals just to pick our crops (Alabama clearly shows this) and we need cheap labor to make things that we can afford. I love the Korean work ethic, but it will back fire on them as it has on us in due time. There must be a balance found.
Actually in America we have the opposite problem. Too few people are taking courses in medicine and engineering. Hence they earn a lot more.
Yes a lot of people take college, but they are studying the liberal arts. However liberal arts give you no skills, its all about status. When too many take liberal arts, then it will be hard to find work for liberal art graduates.
Location: In a Galaxy far, far away called Germany
4,301 posts, read 4,411,375 times
Reputation: 2395
Quote:
Originally Posted by Camlon
Actually in America we have the opposite problem. Too few people are taking courses in medicine and engineering. Hence they earn a lot more.
Yes a lot of people take college, but they are studying the liberal arts. However liberal arts give you no skills, its all about status. When too many take liberal arts, then it will be hard to find work for liberal art graduates.
Good point. You are right - not enough in certain areas and those areas end up being filled by doctors from other countries and they become citizens.
I don't think so. I think the same has been happening here for quite a while. We get all educated so we can get better jobs (and in some cases, not have to work so hard - labor wise), and we wanted better for our kids so they wouldn't have to do those kinds of jobs. For those who don't want to go to college, they still demand to be paid as if they did. Now, we wonder why we end up having to outsource or have an illegal immigration problem. We need those illegals just to pick our crops (Alabama clearly shows this) and we need cheap labor to make things that we can afford. I love the Korean work ethic, but it will back fire on them as it has on us in due time. There must be a balance found.
I agree with this.
Even in regards to liberal arts degrees I think you have a point because in most places in this city they want you to have at least a BA to even be a receptionist making $10 an hour.
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