Koreans React To Record High Youth Unemployment Rate [Street Interview] | ASIAN BOSS
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- Опубликовано: 8 сен 2024
- In June 2019, it was reported by “Statistics Korea” that in South Korea, 453,000 people from the ages of 15 to 29 were unemployed, resulting in a 10.4% youth unemployment rate. This is 65,000 more than the number last year, and is one of the highest youth unemployment rates in the country over the past two decades.
How do Korean citizens feel about this? Why do they think it’s become so hard to find a job in Korea? Let’s hit the streets of Seoul to find out.
The opinions expressed in this video are those of individual interviewees alone and do not reflect the views of ASIAN BOSS or the general Korean population.
Chang Hyun Yoo (Reporter)
Instagram ► / hyuntious
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yes daddy
Youth??? Ages 20-29 is NOT Youth. Please correct your title. Your title is misleading.
엑소 첸 결혼과 팬들의 퇴출 요구에 대해 발언 하고 싶어요. 어디서 만날 수 있을까요?
@@JJ-yu6og its still youth age for korean
Hi asian boss, Malaysia also in asia, but I never see any video related to Malaysia in asian boss.. please also address some issue in this country..
I agree with the well dressed 28 year old man. Think outside the box and change your mindset. It's statistically impossible for every young men and women to work for Samsung, LG, Hyundai...etc. When the Korean mindset accepts that there is nothing embarrassing to work for a smaller/mid-size company, or to work in a non-traditional workplace, the youth unemployment rate should go down. The biggest obstacle they're facing now is changing their mindset.
@A Korean guy passing by Agree with you but when the going gets tough, some money is better than no money.
That is a stupid reason. "Change their mindset"? That is the type of rhetoric that places the burden towards the victims. This isn't an "mindset" issue. These are a direct consequence of POLICIES. This is a policy issue, not a psychological issue.
@@Name-jw4sj It's both.
@@Name-jw4sj Ah so me striking out as an entrepreneur makes me a victim of policy?
Of course not! It means I would rather work hard and smart instead of just working hard for someone else!
Its called ambition and that is a mindset question! If your ambition is "Oh I want someone else to tell me what to do on a daily basis" that is fine but dont complain if nobody wants to pay you just for them to effectively babysit you through working life
@A Korean guy passing by How cold is it in Korea when its at its coldest? If you know anyone that can drive a 50cc Scooter/Moped then I can probably poke around my workplace and find a few job offers, its on the other end of the planet but eh, at least its only 3½ hours a day and the pay is just enough to make ends meet :P Pick up a second part time job and your going to have a fine life, not a rich one tho, our upper management is too incompetent and greedy for that to ever happen sadly
"Studying and graduating from a prestigious school isn't the only way to success. Our generation should show people that a truly successful life means following your dreams and values." Bravo! What a wise man!!! Thank you AsianBoss for such amazing and informative content.
People should not follow dreams, they should just shut up and get to work. Even menial work is better than nothing. Quit wasting time dreaming of being Lee Kun-hee as if that is everyone's destiny.
This is too naive. There simply aren't enough workplaces left for everyone. We have overproduction. Technology development, ratiolanlisation and digitalisation eats workplaces. All in all it is a global problem.
@@kidaria1333 I get what you're saying, but I guess the man in the video meant that it's also important for the Korean society, especially for young generation to change the well-established psychology that everyone must strive to be the best at everything, compete with each other all the time, go to the most prestigious universities & the biggest companies etc. All the points that you mentioned are also important, of course, but that way of thinking is a problem too.
@@user-xy9zj6gf4e weird pessimistic mentality. Or u can just work on your dreams and make it happen just like many entrepreneurs do? dream doesn't have to be to "become someone important", it can simply be finding ways to make money from what u like to do
What if they don't have dreams like me , thank god I have school otherwise I wouldn't know what to do with my life
Dude with the slick back hair looks and talks real smart
I love how open minded he is
Probably because he is the oldest person they interviewed. He is probably in his late 30s. As you get older, your ego is not as big and you are not being picky and understand the reality.
@@oinkpiggin that guy is 28, i think it is more to do with the experiences he had abroad; but true enough he is older than most of the interviewees around
this is not a problem for only korean youth. china, japan, the us, etc... all their youths are facing this problem
In the US though, there isn't a shortage of good paying blue collar skilled trade jobs now. Actually there are more jobs available than people to fill them. If projects get haulted, the labor is gone. Boeing is paying all of their factory workers while the 737 Max production line is shut down because they know their workers will be gone to other jobs when they start up again if they didn't keep them paid and employed still. There have been a shortage of electricians and entire resorts have been delayed being built because of the labor shortage because they didn't have enough people available to fill the demand.
japan and China’s employment rate incomparably higher
@@KBowWow75 those numbers are fudged by their respective unions. The blue collar labor unions know that eventually automation is going to decimate them so they're trying to beef up their numbers so they get more dues while they can.
rich90553 Yup, I tried going the trade school route with a union. They put you on a list to potentially start their program. You only get put on this list if you pass their interview and pass a test they make you pay for. It took them two years to actually call me to start the program. If they are desperate for workers, why did it take them two years to get back to me? And I went to a union that was supposedly in need of people.
Well, actually not in Japan. Due to the shrinking population, it's becoming increasingly difficult for the companies to hire people. Companies are literally going bankrupt because they can't hire enough people. And I'm pretty sure there are very few college students who are struggling to get a job. Shrinking population doesn't seem all that bad, right?
I started working at age 17.
Jobs I've had: ice cream shop, liquor store, grocery store, restaurants, army military, government job, property management, and teaching.
S. Korea is hard to find a job because some places in Korea discriminate against age, sex, and nationality.
Wow that's awesome! Discrimination is everywhere to be honest with you. Even in Indonesia.
But I do hope it'll get better soon.
Come to America. We have protections against discrimination, plenty of jobs now, and you seem to speak English fluently or enough for what 95% of people use daily.
you forgot discrimination of education
@@martinamartins9595 There are laws protecting education qualification.
They also discriminate by sexual orientation
I think one of the biggest factors of youth unemployment is employer expectations of recent graduates. You can't expect a young person in their 20's to have 5-10 years of relevant experience when they just stepped foot into the labour market.
Literally. I see very low paid internships requesting at least 2 years experience like ....
lol I am in college right now and I know that with how our parents tanked the economy - that theres a high chance that I wont be able to get good employment. dont you guys get it?
It's all about who you know. It's not about just having qualifications, you need to network.
Yet they companies have no problem to find enough people. There simply aren't enough workplaces left for everyone. We have overproduction. Technology development, ratiolanlisation and digitalisation eats workplaces. All in all it is a global problem.
@Razear i see you on every amwf channel
Not just South Korea.....It is everywhere for the young millinieals.....Sad...
A lot of young people want to go to university where I live, and they completely ignore the possibilities of an apprenticeship. If there is too little demand for too many people wanting to work the same job, companies will of course only pick the best. I didn't go to university and earn money than most of the people I went to school with do, despite their degrees. Seeing how the demand for "manual labor" is still rising, the wages will probably go up even further.
Frost Nacht Agreed. I’m in university at the moment thinking it is the right choice for me, but I’m gonna dropout soon and will hopefully start an apprenticeship in September and if I finish it, they’ll guarantee me a job
For some countries going to university might be the only choice, but I’m glad I can live a “good” life with just an apprenticeship.
Not everywhere. Czechia has pretty much a full employment and is still hungry for more. It also brings the fact that people don’t value their jobs though.
Look up Germany's educational system. It allows young people to chose their career tracks and not throwing heavy weights and expectations that every single young people should attend universities or you are a failure.
It is just mad to think and assume that everyone has and should posses the aptitude or interest to study theories for years to work in a white collar job. I respect and admire people who do hard physical labors such as clean, cook, fix things and maintain things, etc., whom do not have a degree. We need to change our mindset and guide our young people differently......
@@blarfroer8066 True but all in all there simply aren't enough workplaces left for everyone. We have overproduction. Technology development, ratiolanlisation and digitalisation eats workplaces. All in all it is a global problem. Some fields maybe search one but evryone has the intelligence reiciving an IT exam or craftmansship even when a gun would be held to your head.
Why are they so obsessed with big companies? Money is money.
Because of high taxes i think
Big companies probably pay better , are more stable and unlikely to go bankrupt so it gives a sense of security , besides in Korea it's all about the big names , big universities , big companies , that's how they measure success .
Usually, giant companies such as Samsung pay better, treat better, and don't fire much.
I think the general belief among South Koreans is that a large company or chaebol (conglomerate) is more prestigious as an employer, offer more opportunities, better pay and benefits and is a more stable employer offering lifetime employment. It's a common notion among the job-ready college grads outside South Korea as well but it's an outdated one that proves to be more false than true. I suppose the equivalent would be an IT grad in the West wanting to work for Apple, Google, Facebook over the smaller or medium-sized web or software/hardware companies or the start-ups. Other than perhaps a certain narrow window of time during the 70s in North America, I think the employment market for college grads and youth in general have always been tough -- employers tend to have their pick as there are always more people looking for jobs at any point than are available jobs. While it's true that family and societal pressures of what constitutes a 'good' job makes a tough situation for the young job-seeker even tougher, I think schools, colleges and universities have done a terrible job preparing students for the world of work. And even though it's not popular at times to look to the government -- the national, regional and local governments also should step up their strategies and plans in making employment an integral part of managing the economy -- not just tax and monetary policy, work week and minimum wage regulations.
More opportunity to climb. Life is just climb climb climb, your family and your friends just want you to climb climb climb.
The problem with the korean people is they care more about their social status and what other people think about them. I noticed people with higher education and jobs stature won’t even socialize with people who they considered to be less educated and have blue collar jobs.
Exactly. That's the thing. If you're rich you're to hangout with riches. Just like that. How you look and where you work matter a lot in S.K
Not just Korea. Many people in developed countries have elitist attitudes.
That’s everywhere tho. If you were a CEO would you want to hang out with a friend working at a subway? 🤷🏻♀️
@@sendmemoneythanks Is Bill Gate one of those person? Just because many people in the society does it, doesn't you mean you have to be a sheep.
Tats most countries
the man at 2:53 was speaking FACTS like nobody else, its sad that people compare their life to others its better to have a job then nothing they so call "mid-size company" is something
It may be because the mid size companies and small industries don't play much. S. Korea is a expensive country and students spend alot of money on studies (they even attend cramp schools)
Damn right, Koreans care a lot about how they are perceived and landing a job in SME could be "shameful"
FromNoob2Pro it is so true. Koreans are different to the social face and they literally live with it. And they tend to kick the bucket to the system or govt. So many jobs available in Korea but they simply don’t work there cuz it is all dangerous, dirty, difficult for those who are all overqualified college graduates. Foreign workers are filling the space in Korea and very competitive to come Korea ironically.
@@harshitarawat61 It's all about status. My ex-bf worked for a medium-sized company and his salary was actually good considering he worked a regular 40 hour week. Other big companies require people to work long hours with essentially no overtime, if you really calculate it out their salary is less considering how many hours they work.
3:40 i agree, you can start from the bottom and slowly get better jobs in the future. If you want to get into big companies from the start, it will be difficult. That's the same in any country.
True!!!
@@ishbersue1352 Actually not so much. Most bigger companies prefer young and talented people, probably because they can adapt more easily. Jumping between companies doesn't come so positively.
@@tingelbub79 well that is true too. But there is nothing bad starting small jobs. Big companies like people with related experience, skills or good grades. Small jobs can be your foundations if you want to go to big companies. But it is not the case all the time..
@@ishbersue1352 Okay, I agree with you in the first part. However, I think that the bigger companies do not actually look for previous qualifications unless you come from another big company. Earning company-related experience is probably the easiest in the company itself. However, I must say that I am not familiar with the situation in Korea, as all I know about the country is from the internet. I might be Asian and living in Japan (which has very similar problems), but I've spent most of my life in Europe.
@@tingelbub79 Different situation for different country.
Seoul is so densely populated. The competition starts so young there. My heart is heavy thinking about those who are dedicated, educated, hard workers who want to work but can’t find a job. It makes me wonder what other “requirements” will they come up with to separate themselves from the pack. Will it ever get better? 😢🙏🏻🤞🏻
What is Tokyo's youth unemployment rate? What are they doing?
Very well said!!
@KBowWow75 youth unemployment in Tokyo is 3.6%. It’s much lower than Seoul but you can’t really compare the two, it’s a different country and facing different situation
First they have to fix the education system because looking at the exams especially the english part it's ridiculous
Yup, it doesn't actual prepare them for jobs that require English skills
For what if u have a good grade if u can't talk lel
They focus sooooo hard on the seuong exam instead of being employed
Even their standardized test English questions have grammatical errors lmao same with NCTUA (Japanese Admission test) not sure bout Gao Kao.
*Cries in Brazilian with +30% youth unemployment rate*
Same here in Greece
I graduated a few months back with a first class degree, however not too much experience which I regret. It's been extremely difficult finding anything, i'm applying to unpaid internships, paid internships, freelance positions and full time work. Even getting an interview is proving very difficult. Currently i'm volunteering and spend my days working very hard on a few online businesses (through which I make minimal income).
I believe this is my fault for the most part, I should have interned every chance I had throughout my time at university but I only interned once. I hope i'll be able to find something soon, even if its an internship or part time work. Its extremely demoralising, embarrassing and depressing, although giving up won't do me any good. Tomorrow i'll apply carefully to a few more and hope to hear back from at least one for once.
Good luck to anyone out there in a similar position.
edit: received an email for a phone interview this morning. My social anxiety is quaking but im happy to finally be considered for a position! Fingers crossed.
Good luck for you and I hope you'll find the path your heart is wishing. :)
@@otavianiluciano7397 Thank you
I hope you get a good job soon!
You're on the right path and working hard pays off. It'll come. When I look for positions, I sort it down to 3 areas.
1) What are my appliable skills?
-Of those skills, which are my quality & unique skills?
2) What industries are looking for these skills?
- Of those industries, which of those industries are quality industries?
3) What are the locations of those quality industries?
-Of those locations, which of them are quality locations?
Determine what quality means to you in all these areas, and then start there and work from quality to standard. Throw your resume out at all of them and some will stick. Then you can go to those interviews and pick and choose. Usually if it is a multiple interview process, you'll get a few more companies interested before you finish up the interview process of the initial companies who reached out. Then you can pit interviews against each other if you get multiple offers, and you can negotiate. If one company for example will pay more, but is farther away than a company that is closer to your desired location, you can usually use that baseline as a negotiation to get the company in the better location to increase their initial offer. Companies will usually give you time to finish up other interviews as well. The key is to be the one in control and make them understand you have multiple offers and don't want to rush before giving the others a fair opportunity at your skills as well.
I share your pain. Greetings and good luck from Brazil
I'm surprised the chemical engineering major has a hard time getting a job. 😲 She should try outside of Korea cause I'm sure she would be hired ASAP!!
problem is in language
@@Kimun888 won't be as easy to fix in Korea. Needs to be acclimated to the other language. Just learn the basics and then go. In America, I can guarantee she could get a job in a company with another person in the same role that speaks Korean.
As korean said no engrish..
I know people who have Master degrees in Chemistry who are jobless because companies dont want to pay more money. So they hire people with lower qualifications. They were told by several companies that they were over-qualified lol
Chemical engineering used to be synonymous with petroleum, though it is also heavily involved in other industries, even, for example, the pharmaceutical industries. Of course, there are different applications of the degree as well, but where I’m from, chemical and petroleum engineering job prospects suffered significantly in the collapse of the oil prices in 2013 or so.
At the very least, that is where the money was for the degree.
There is also the work involving nuclear systems - but both forms of energy are increasingly viewed as detrimental and regulatory bodies are not conducive to the growth of those industries.
Aside from that, you have product or energy prospects - imagine things like work on battery development and the like. However, theoretical material limits in regards to many, many properties are well known already so there is minimal research being done.
There were also many, during the oil boom, that took the Class 5 Power Engineering course and above to stay above the pack - this new boom of qualified workers allowed maintenance without more, highly educated staff. (Since the regions were the companies operate are often isolated, it is better to have competent people that are less likely to complain about working in temperatures ranging from plus thirty to minus thirty.) Some existing employees advanced further with help from the companies they worked for - and new graduates had struggled to find jobs once the expansion of the industry ceased.
There isn’t much money in development of new plants so having existing staff and enough people who are qualified to maintain operations is enough. The other nascent industries are largely unprofitable - if not outright impossible without government subsidies and competent owners know full-well that a simple change in policy can send them spiralling into colossal amounts of debt.
Research to prove existing research wrong is not high on their list of priorities.
Circumstances probably differ in Korea a bit, but fundamentally I think the same underlying processes happened - of course, I could be wrong.
The guy at 2:54 has a really good point. People have to realize that there is nothing wrong with working at a smaller company. If you want to work at a big company so bad, then you should also be willing to put in time at a smaller company to build experience and prove your worth.
I remember my first job was way different then my college major, i didnt really care as long as i got a job and earn money, i took every opportunities, worked in 3 startup company that later collapse. Didnt stop me there i continue applying and now 13 years later im working in one of a leading company in my major as head of division and my salary is 10x bigger...sometimes is not always about the destination but the journey.
The guy with glasses is really smart :)
That's why he have glasses coz he read alot. 😁
@my name is read by someone i trolled true :)
respect all jobs ❤️ all of the jobs serve an important purpose in society. Even if it’s as simple as garbage collector
but collecting garbage when you have a degree is kinda bad isn't it? U don't need a degree to collect garbage right?
Honestly, those are the kind of jobs that keep a society running. Imagine if you had no garbage collectors, cleaners, janitors, etc. D:
Yes I agree that
Hey you're not alone, me either even right now don't have a job yet still looking for it. . Keep applying on some companies even though they're looking for the professional only. . I hope a miracle comes to people like us lol
Look into how to apply for a US working Visa. It's an option as we have plenty of people from Asia here. Record low unemployment currently for Asians, other minorities, and as a country as a whole. You speak English, so it should be a little easier. Maybe come for a year or two. I've worked with people and trained them who came from Asia and worked temporarily with aspirations of returning to their countries and working in international business. While we're young and without children or married, we can afford to take time to go abroad and learn new skills that will improve our resumes when we return back to our countries.
@@KBowWow75 Hello! & Thank you so much for your information!! I'll go browsing it asap after I'm done typing this comment XD
Thank you ～!!
Good luck on that because I know that if your degree wasnt earned in a US-accredited college - your chances are slim.
I'll be honest
This is the first I've heard how people are picky with not getting into a big company
I mean as long as you earn you can always climb yourself higher to that top if that's how you float your boat
In my country as long as you have secured a job,even if it's from a small company or a local one,no one really cares because we all just focus on actually having money to earn.
1000 % 👍👍👍
I understand why they are doing it, and most likely it is their parents and society that is influencing them into pursuing the safe route for stability. In the US, we're all taught tbat going to college is the safe route. The problem though is if everyone runs for the safe route, there is no more room left, so they should also be encouraged into reaching stability in other routes. I followed that path and am living at home with my parents. I had a classmate who hot terrible grades in the easy courses, but he was good at welding. He got a job in the trades, and bought the house across the alley from my parent's house. Talk about awkward.
Yeah, instead of spending years applying for jobs at big companies for the "prestige", they could be earning money for themselves right out the gate at smaller or mid-sized companies. Once they've gained work experience and built up some savings, then they can go ahead and apply to those larger companies.
100%👍👍
Kosuke Namekawa so true. So many people overseas those jobs in Korea cuz Korean youngsters don’t work there. They are simply overqualified for working in the midsized companies. Most Koreans are college graduates and don’t work in the assembly lines.
Honestly this was an eye opener, I've never realized how hard it was to get a job in South Korea. I started working last year and I'm 15 rn
It seems that the mid-size and small companies are still looking for work. It's just everyone who are going the same path trying to fit into the same doors that create the illusion. Once you realize that and decide you won't fight with the surge of people, it'll be easier. It's better to be over qualified, but not better to be over optimistic at the same time.
Lol I’m 17 and I still never had a job. You goin far kid.
@@abigailrubio4212 I dont think im doing to much, almost all my friends have jobs and its nice to have money
And sometimes when you are already in a big company. Everythings is harder and makes you depressed. Then, you regret and tried to find another happines. This will never ends.
Everyone wants to go to a prestigious University in order to land a job in mega-corporations, but since everyone is doing that, the demands of those positions in the company are too low. Either those students/unemployed people go back to Uni to get a degree in jobs that aren't really contested, or they will have to settle for a job in small companies/ start-ups with a lower-paying job. Personally, smaller companies are way more relax and they can actually help you with getting a good job in mega-corps later on in your life since you have the work experience already. I wish them the best of luck !
Edit: For the clown below saying that I'm an idiot, I am currently studying for my master's for Business Technology Management (BComm).
@Makavelli Thinking inside the box and doing what everyone else does does not make you stand out though. Where is the adaptability when literally there are a dime-a-dozen of you out there. Spend a lot of money to most likely get put on a waiting list. Either you shoot your shot and take a less desired job if you miss, or go a completely different route from the beginning and maybe a lot of money won't have been spent on your education and you can take that time to learn another language during that time which would be valuable. If you wanted to go study international business then, you already have a baseline in another language, or you can come to America and get a job right away and then go into consulting where you can go back to Korea and consult internationally or in the US from abroad.
@MakavelliDid you even watch the video ? Let me tell you something, life goals don't mean anything when the degree you are studying won't give you a stable job because too many people have the same degree as you do. Instead of commenting on something useful, you just start insulting me ? I'm pretty sure you're still in high school with the way you are talking, or you never went past that buddy.
@@LeonCharmeleon Just ignore him. With the way he is talking, I don't think he is that educated on this subject anyways
You are such an idiot.
Is Asian Boss hiring ?
Because I need a job !!!
Try VICE in the United States or the area you live in, they are usually in most bigger cities like LA, NY, Vegas etc.,they are diverse in their reporting and it seems they cover all kinds of issues around the world, so you might find something with them.
@my name is read by someone i trolled Asian boss is a multicultural company. Don't need to be Asian necessarily. They are more open minded and international than you think.
@@branden76 they have a sister channel. USA BOSS
Asian boss should have a corresponded in Mongolia too, there are many young people who are fluent in English and would be interested in this kind of job.
@@branden76 you still have to be fluent in korean/chinese/japanese/indonesian/filipino
Thank you Asian Boss for always bringing us sm content from different countries in Asia. It helps broaden my knowledge on issues and I learn a lot ❤️
Jungkookie 💓- “Different countries” While asian boss has more than half their content on Korea. 😂
The girl is on point, I'm in my 30s living with my parents and unemployed due to my studies. fml 😭
Oh don't worry, it's becoming pretty standard with today job opportunities.. You're not alone. :)
Good luck! There are others (like me right now) in a similar position. Just gotta keep pushing on
Relax,
I just turned 29 in the US and moved back in with my parents at 28. I could have still been "making it" on my own, but where I was living, the cost of living was increasing greater than my financial gains. Combined with that and the increase in crime, I made a calculation to do a reset before deciding what's next. At least you know another language that's valuable.
If you live with more people at one residence that means you save the planet by using less space.
10:40 He's very wise and knowledgeable
Capitalism mixed with East Asian cultural values sounds like a dystopian nightmare
It is
actually its working really well
the unemployment rate is currently 3.8% in South Korea
its just the youth unemployment rate that is higher but that's because from 15 to 29 a lot of people are trying to get a good education, there are more people today getting a master degree and above so its to be expected for the number to go up.
you say that this doesn't work in east asian cultures but it is partly like this because culturally parents will take care of their children until they finish their education or until they get married, that's why many of them don't even consider working in smaller companies, because of the culture they are able to survive without a job.
Korea :- we've very high unemployment rate
India :- 😁😆😂🤣
😞😖😩😭
It's the same problem everywhere for the youths.
But India is densely populated we atleast have business options which Korean don't have
*Laughs in Spanish youth unemployment*
And Brazil too. Many people are jobless here.
Hahahah true 😭
Greetings from Indonesia wkwk
Trumps economy has led us to the lowest unemployment rates since the 1940's. I wish you the all the best!
Jajajaja
High youth unemployment rate seems to be international - I agree with all the statements about having high education and still struggling for work
Not a Problem in Germany at all,
Me watching as an unemployed person
I just turned 24 and I'm currently an unemployed citizen lol I'm current taking meds for anxiety and stress.. my last job made me experience a serious burnout. Let's just say I experience the fastest diet routine 😅
I know the feeling of wanting a perfect career or working in a big company. Time pressure. It's a pressure of a High standard world.
I mean this generation for me is really competitive. People want to go straight to huge opportunities without knowing the pressure it has. It's not bad if you know yourself that you can.. but if you're not sure it's better to make it lowkey.
Same problem in China. But people want to join big companies not just for the social status, cuz small companies disobey the labor laws more often and offer less salaries. And it’s not stable to work in small companies, people are afraid of being fired when lack of social welfare protection.
Glasses tie dude was speaking so much truth! People here need to stop following the crowd so much and go against the societal and cultural grain
This seems like a joke for us in Spain to be honest, if we ever reach that 10% youth unemployment rate we will be considering it a huhe success.
@Beyond Tribalism Huge generalization mate
It's crazy how overtime hours are through the roof, but companies are not doing anything to compensate for this by hiring more people.
The english thing is pretty interesting. When I was living in Korea, I remember many youngsters were learning english hard like in academies or through private teaching. Even though they won't actually need any english in their jobs, companies use it as a leverage to hire high profiles by having it be a deciding factor between profiles who have the same skill sets in their area of expertise, that and for women how pretty they are of course. Because it's also all about the looks in Korea.
Recruiters in Korea look at which university you graduated from. If it's one of prestige universities like SKY(Seoul National, Korea, Yonsei), then you will have higher possibility of getting hired. Otherwise it would be more difficult if University ranking is low.
Yeah getting a job is one hard thing and it's even more difficult to hold your position at work when you're in 40's, it's just because you're now considered as an "old".
How would you rate hanyang?
@@waldemarrrrr I'm going to Hanyang as an exchange student this spring and a Korean exchange student who was in my school here in Finland from Hongik University (Hongdae) said that Hanyang is a good university with a good reputation
I have been living in Korea for 13 years now. There is a huge difference in thinking between younger and previous generations. These days young adults have been globalised and simply no longer want to tolerate and endure through hardships of everyday troubles in companies. So they simply quit stating poor conditions, low salary, poor benefits, etc. But they don't understand that their grandfathers have built Korea from nothing, without complaining, without having access to modern technology. There are lots and lots and lots and lots of opportunities in Korea to find all kinds of jobs. Younger people just don't want to settle for little. They want it all and now.
not only Korean..it's Applied to Japanese Singaporean Malaysian Indonesian Philiphines and all new younger youth doesn't want to work in hard labor employment
Lol. I live near Chicago. I saw another Asian boss video about a deep dish pizza place in Korea. I'm going to go to Korea and open a deep dish pizza restaurant someday and compete with that guy and just be like lol to those who don't want to work less than what you think your worth is.
@k Humor no..shitty pop culture and bunch of entertainment and smartphone makes today's youth lazy and worthless..and rising feminism and globalist culture destroy what is hard work and understand prosperity need to earn from below
Asian boss, thanks for all the awareness!
That 28 yo guy looks like in mid 30s. I thought he was way older.
Imagine if he had a beard.
yeah he looks old af..i thought he was psy..
He does look 28 but his hair style ages him especially combined with the blades. He's cute.
@J H I thought he was in his 40's too. Sharing his wisdom to the younger generation LOL
Also agreed with the young lady near the end of the video! VERY GOOD SUBJECT..LOVE THIS CHANNEL..KEEP UP.THE GOOD WORK AND VIDEOS ASIAN BOSS.. WE THANK YOU!!!
Yankee go home
0:37 "Gimme the mic"
"In your dreams, son"
It's sad to know that there's still so many young Korean people choose to be unemployed rather than work for small/medium companies.
Aren't they can think to work at small and medium companies first to gain experiences and then use it as a leverage to get job easier on a big company later because you have advantage over other candidates?
Beside that, if your contribution can make the small /medium company expand. You can be promoted and well known, even headhunted by the big companies, don't you?
Also, what's wrong with working at a small company if the pay and conditions are good?
This made me realize how BPO Industry in the Philippines helped a lot of young people to get a job with high salary packages . Good thing many Filipinos can speak decent English.
Tingin ko madami nman trabaho sa korea, maarte lng tlga sila,
The youth is the future, they need to really cultivate ways in which if they want their birthrate and economy to rise, they need to bolster their youth not to leave the country, and feel encouraged to work in korea and be confident that they can afford to have stability and start families.
wow never expected i'd be this early
Same
same
I started working at a grocery store 2 weeks after I turned 14. I applied the day I turned 14 and went back 3 days later then asked to speak to a hiring manager. The were a bit confused but I insisted I wanted a job. Waiting until you're in your 20's to start working is too long. Also, a degree really doesn't mean much. Work experience is what stands out on a resume more than anything else.
Not if you're doing research.
This is very different culturally than in America. Many American youth get jobs as young as 15 or 16, some 18 and still go to college. They also do paid internships. They don’t just earn their degree. So when the American students come out of college, they already have job experience. Job experience is very important to American prospective employers and companies, not just the school you attended and your degree.
Silver SunTree Yeah you could have a degree from an Ivy League, but if you did no paid internships you’re in a worse position. Than someone who went to a mid tier school but had three internships.
Don't forget several $ thousand of debt to keep them away from forming or joining work unions. 😎
Before anything, Id like to mention that I love this new reporter! 멋있음!
The dapper guy with the small, round glasses was so reflective. I'd even call him wise. He had such a pleasant energy.
Oh the heck I was ready to scroll and read comments and jus noticed it was posted 1 min ago. I'll be back later then
There are reasons that young South Koreans want to work at big companies. The wage of smaller&medium sized companies is only 60% of big companies which is ridiculously low considering living costs in South Korea. This gap increases even more as you gain experience. In small&medium sized companies, a lot of employees are mistreated by employers who think of them as slaves. You basically overwork while getting underpaid.
Here you can't even climb up the ladder to get into bigger companies if your first full-time job is at small&medium sized companies because that is the way it is here. What's worse is that you are likely to get fired before you reach 50 years old unless you are working in the public sector. Not many companies re-hire those people because most of their jobs lack expertise and therefore always replaceable by young people who are willing to get paid less for the same job.
They have to live their lives for at least 30 years more with no income and no house. This is the biggest reason why 30% of workers are self-employed which is the highest number among OECD countries. Most retired people go bankrupt and become poor. The highest suicide and poverty rates of Korean over 65 years old prove my point. Young people are desperately trying not to follow in their footsteps.
Atleast they are trying to find a job than just sitting around doing nothing.
but not trying to get a job..they want big companies
They are literally forced to get higher education to fill a position that can be learnt by high school graduate.
Ask what the undergraduate workforce forced to do? Supervise the high school workforce.
We are running in a system which I call as "1 brain many hands"
Ironicly, we have too many brain but less hand.
Read: many can supervise but few to do the actuan grunt work
Work in a smaller company first to build up experience, network, build up a reputation and then transfer to another company of your liking. It is not that easy to find a job that suits with your study & getting a degree doesn't always result into a job. You either got to be lucky or you have a proven record. It's the same situation in Europe, I had to travel across countries to find a job that suited me and I have to say I was pretty lucky.
people say South Korea is a worst example of 'capitalism'
and North Korea is a worst example of 'socialism'.
Korean Min South Korea is corrupted...but I won’t ever dare say North Korea is better in any way
I think the main problem are HR depratments. Every time I got a job, this department wasn't in the company. They have strange requirements, they are looking for people who will fit their "team" or "company culture". If you don't have the "key words" in your CV, then they will throw it away. During job interviews they ask strange questions, they are interested in what you do in your free time. To sum up your career depends on human resources employees. Therefore they educate future employees about interview process already during their education. A set of specific values were forced into people's heads, "right" life goals and "right" attitudes were shown. There are other independent people that are unable to reach the general public and are now struggling with the job market. People who have successfully passed through the corporate education process are conformists. Give them a comfortable job so they think they're "somebody", and they'll sit quietly.
This isn't just in South Korea.
The US is also in a similar situation.
People even with lots of great educational & work background find it very difficult.
Even with a Bachelor's degree, Master's degree, or even a PhD it is very difficult.
Even if you apply for your "ideal" or "dream" job at a company you really want that is very very unlikely these days.
It's even difficult to get the job at your second, third, or even fourth choice.
The problem really stems from decades of the economy and job sector being very stale and not changing much.
There's also the societal perspective of wanting certain jobs, and also the problem of certain jobs being paid excessively more than other jobs.
I think it's great that South Korea recently raised the minimum wage, but like the US, the minimum wage is not even close to a bare *minimum* living wage.
But because minimum wage is increased at a federal/national level, companies are now responding to this by hiring less people and making other cuts to offset profit loss.
I think that is great that the maximum work week is 52 hours a week.
Personally I work 7 days a week for 70+ hours a week so you can imagine how little free time I have.
A problem I have (being Korean-American, born & raised in the US) is the old Korean way of thinking.
What I mean specifically is the notion that working more equates to success.
While at face value it is nice, what's the point of working more and spending more time at work when you're sacrificing your free time, health, and happiness?
What's the point of making all of this money if you're not going to spend it?
What's the point of making all of this money if you don't spend it and not encourage the economy?
I also dislike the notion that men have to do certain things and women have to do certain things.
That mentality doesn't work.
In some couples, both work. In some couples, the woman work. In some couples, the man works. etc.
I feel like overall, the world is transition into a new industrial revolution.
I feel like we're right at the cusp of AI, robotics, etc being introduced to the work environment, and I think for a while, people are going to have a more difficult time finding a source of stable income.
9:41
I totally agree with this guy's perspective here.
I like how forward thinking this guy is.
I like his comment about how we shouldn't depend on established kinds of jobs & fields.
The comment about RUclips as a full time career is a great point.
10:28
This is also a great point.
While I will say that not going to college is not the best idea for many, you don't necessarily have to go to college, spend 4+ years getting a degree, coming out with lots of debt, and only hoping to get some sort of a job.
Personally, I was in a situation like that where I graduated from college and couldn't find a job at all.
I ended up working at retail stores for about a year instead of just sitting around at home.
I got paid minimum wage and the place did not give me a 'full time' 40 hours a week. I think I got like 20 ~ 30 hrs a week which sucked that I got paid so little, but I took it as a sign that it was better than me just sitting around and not doing anything at all.
Anyway, I got lucky and found the job that I'm still doing today.
Even though my work week is 70+ hrs and I work most of the time 7 days a week, I get paid salary so I'm okay.
The thing I want to say is that college is not the only way.
It's a huge financial and time investment to go through the struggles of 4 years living on your own, going to classes, studying, etc.
If I were to go back in time, there's certainly things I would've done differently while I was in college.
But what's done is done, and I'm just trying my best to make the best of my current work & life situation.
The unemployment situation in South Korea didn't really surprise me.
I have cousins that are born and living in South Korea, and I keep in occasional contact with them through FaceBook, and other means.
Some got married and have kids now and have an okay job. Others are struggling to get a steady source of income.
Even though they graduated from college, applied to a bunch of places, etc... they're still struggling to this day.
Given how unemployment and job security is no where near as stable as it was even like 20 years ago, it's a clear sign that there has to be some major changes applied ASAP.
The world can't keep going as it has been.
For the human race to keep going, we need to make big changes in the way we think & do things.
We need to pay "blue collar" and also "normal" hourly jobs a basic living wage.
The cost of living can't keep going up at the rate it's going while the wage rate barely increases.
If people don't have jobs and make money, they will not spend money. If money is not spent, then the economy doesn't grow. If the economy doesn't grow a country will collapse.
People need to be better educated and also be educated in a more global scale.
You can't keep telling people that school is the only way to get a "good job". School can actually cause you to be in a worse financial situation than you're in now.
College (again) is a huge financial and time risk you're taking as it's not a guarantee you'll get a "good job" even if you apply to like 1000 different places after graduating.
Even from a "good school", perfect GPA, lots of volunteer work, lots of internships, etc you're still not guaranteed. It's more like you have another thing to put on the résumé. That's about it.
Young gentleman with slick back hair and sharp clother is really inspiring. More people like him.
well they have to changed their mindset, they need faster job experiences either big or small company, if they wait to long theres even younger people waiting in the line to find a jobs. i waste my time after graduates to wait santaclaus to come lol. be enterprenaur the options
I wonder why unemployment rate is high in sk while here in the Philippines, there’s alot of job offers goin to south korea..
Korean government: let's raise the minimum wage
Korean businesses: we have to fire people
Korean government: surprised Pikachu face
In real life, there doesn't exist any kind of example of massive lay offs or closure of businesess, following generalized wage increases, and of course minimum wage increases, this including countries where this was done pretty consistently, in some of them doubling in 3 years. It literally does not exist in real life any example to confirm this theory of yours. But in all these countries the exact reverse happened: the share of entrepreneurship doubled, unemployment collapsed, savings of population increased.
And keep in mind there exist a number of different countries, not just one, with this experience, different cultures even, and the result in practice was always the same, and never in the mass banktrupcy waves and layoffs people like you talk about. This theory people like you keep on talking about literally doesn't exist in real life.
@@lalluqa6036 ok boomer
@@wunder1385 That"s not a counterargument to my argument, or whatever form of argumentation :).
I'm millenial, since you asked.
Being unemployed for around 6 months, i can feel them. It's more like "what's wrong with me?" and you begin questioning yourself, compare with others, and it will slowly destroy your self esteem. It is worse if you have a girlfriend, because you dont know how to support her financially to move into long term commitment ex:marriage. You need to stay positive even it is hard, keep improving yourself. Select company and position which have same value as you, it can be big, midsize, or even startup. The chance you will be hired there is much higher.
I don't think like that, I'm just waiting for my time to take revenge on our incompetent politicians. 😎
Aaah good old extremified capitalism. Korea dug themselves into this hole of a mentality, of always having to "take advantage" and "be the best", whatever that may. Soon enough, we will hit a ceiling. A frsutrating one. One where, no matter how hard you work, you won't climb any higher. Lotta people say that under capitalism, if you just work hard, you can do anything.
It's a hard load of laughs.
If anything is to change, there needs to be a BIG shake up, to really startle the collective country's mindset for a lot of things.
Like... maybe, let people relax a bit in school? Prioritize genuine learning in topics they personally both enjoy and have a talent in. More welfare would help... Reduce the stigma against "lower" occupations, etc.
4:17 also this dude be WOKE af you go dude
Yes it’s so messed up here...
Those suggestions are nonsensical. Raising corporate and income taxes to support a welfare program would only exacerbate the problem of everyone clamoring for corporate jobs. Anarchy is the answer. If that isn't possible, lower taxes at least one point below that of competing nations ie Japan, Singapore. Lowering the cost of living is what will "incentivise" the creation of new industries.
If you want "a BIG shake up" for the its own sake, sure, increase the cost of living, and dilute the quality of education, thereby eroding the human capital of the nation.
@@ComeOnPelican91 Time and time again we've seen that any moderately sized society falls into a pyramid. Even in a family of four, there's always some leader.
Any one extreme answer is not the solution. Communism isn't, extreme capitalism of which we've seen the likes of here, isn't. Neither is anarchy. Unless you could elaborate more on how that'd work for me??
What I meant was more support for government aided jobs, less money going into things like military, education modeled for genuine learning/preparation, etc.
We need to find a BALANCE (though it'll be difficult to strike). Living costs are already so high in Korea too.
In places where there's high medical welfare, many complain that it takes years for them to get it anyway. In places like America where EVERYTHING (even an ambulance) is capitalized for money, people say things are way too expensive to even afford. People die in both scenarios.
The only real model I've seen that SORT OF strikes the middle ground is democratic socialism (or whatever they call it) like in the Scandinavian countries. Finland, Sweden, and I think Estonia has also shown really good progress. Not without its flaws, but it seems better than what I see here.
jesus christ, those answers were very thoughtful
I think it's bc they always looking for a job in a big company, and some of them being a full time youtuber. In Indonesia, no matter if it's big or small company, it's still hard to find a job
I guess Parasite did reflect some parts of reality. It's funny in the last video, Korean people were saying that it was exaggerated, but in this video you can see the current situation is projected in the movie. Everyone is fighting for a good job.
High youth unemployment is a norm *everywhere* now 👍🏼, people under-thought the overpopulation problem.
Not in USA.
Trump 2020.
@@williamh.gatesiii8183 lol. Yeah Bill. I heard you know a thing or two about creating jobs. 😉
Small and medium-sized companies are hiring in South Korea though?
There's no such thing as overpopulation. We simply live in an unfair system that benefits the elites and has the lower 99% struggle to survive. The problem is unfair distribution.
@@ConstantinKlose-sj4mb 100% true..crony capitalist is the real problem
Bigger is not necessarily better. Big company doesn't equate w better job security. Working for a smaller companies can work for a young person looking to acquire a larger range of experience instead of being slotted to do one job. In the end the person who grows the most will be able to survive in an ever changing economy. Step out and keep learning. Don't let societal pressure get you down.
Here comes people talking about how socialism and communism is the reason for this when South Korea runs literally on a free market system and is straight up capitalism 😂.
A capitalism problem = lack of jobs & saturation of the market
A communism/socialism problem = lack of food to put on the table & no freedom of speech
Choose which problem you wanna have.
@@jorgeluis2247 Eh I think I will pick communism and you sure about? when Thomas Sankara, a Marxist and the president of Burkina Faso from 1983 to 1987 was in power, there was no famine or starvation of whatsoever but hey nice try tho.
My theory after living in Seattle, is that the development of technology will be a cause for unemployment rates to rise in the future. I think it was explained here that people have too high standards and if smaller and mid-size companies are looking for workers, people need to start there and build up those companies and work their way up the ladder. Those companies can't grow if they are looking for work and can't fill the positions. Technology will develop and wipe out jobs. In Seattle there is AmazonGo which is a completely autonomous grocery store. Blue collar jobs have been getting replaced by computers and robots. Welders used to get paid very well for their work because it was very skilled and necessary. Now many welders in places like Kia and Hyundai in Korea, and Boeing are using robots to make those welds. That reduces the number of welders needed for work. The population is increasing at a rapid rate. Technology is rapidly reducing jobs. Government intervention is also leading to companies' expedition in converting to automation. Unless people start new businesses and create new jobs, this will become a problem. Schools and Universities should have courses and degrees tailored to important aspects of entrepreneurship for aspiring entrepreneurs. If you can't find a job, the solution may be to create one. Fear of failure is the biggest thing holding people back. If they could get some guidance through schooling and financial reassurance through grants by the government or investment apprenticeship grants from these large corporations into assisting startups in their communities, more people would create jobs for themselves and others.
Bro anyone would choose communism over capitalism except it's not possible for true communism to actually exist because of human irrationality. Saying that one country with a Marxist leader didn't have famine isn't really a valid argument either. Look at the mess of the early soviet union with Stalin, Lenin etc.
Here in the Philippines its also hard to get a job, some also forget their passion and work in the call center industry.
I see a lot of korean youtubers that's maybe one of the reason. That's kind of the same in some other countries.
it is interesting that most young Koreans consider a job in a big company as safer tan mid-sized or smaller companies. I'm self-employed meanwhile but what I learned from people in my surroundings, especially the very big corporations don't give a darn about a single, individual working for them, and even if you do very good work you are just a tiny wheel in this big machine and from one day to the other you can get outsorced and are jobless.
If I would not work self-employd, I meanwhile would look for very small firms to work for instead of bigger ones. The relations are more personal normally and you at least will be warned if they have to let you go at some point.
Watched some videos about south Korea and I feel sorry for them. It's seems so hard to live there.
What's wrong with working at small to medium sized companies? I've worked at small & big companies and each have their pros and cons. You can view small companies as a stepping stone or a chance to grow the business. All big companies started out small - think outside the box and don't worry about what others think.
It is all about who you know not what you know these days. I've had 3 long term full time jobs, every single one of them I only got because I had a contact in the company.
Really?...
Here UK started working 18 year old ....why Korea ppl are so late ???
It's so true and sad to see... My friends are in this situation now. The ones who did accept jobs from smaller companies aren't happy about it. But they should see it as experience and a step in the right direction. Maybe that start up will become one of the 100 companies companies
52 hour weeks are almost unheard of in Sweden except if you working on a tight deadline or like investment banking. I would say almost all Swedes work about 40 hours/week or less and yet out economy is great and thriving. Work more efficient not much harder.
$1,000 usd a day as a truck driver no education required just be safe and polite to everyone. 16hrs work day efficient have to be good at time management.
@ 3:58 Why are they both holding the mic? HAHAHAHA!!!!! So awkward and creepy. I bet both of them are saying to themselves at the same time: "He's gonna let go of the mic first..." LOL.
Here in philippines the problem is many youth are not really looking a good job but they are married already..😁😁
These people have such interesting and varied takes, great video! 👍
The dude who said he's 28 looks about 48
i thought i was the only one. Im 26 and Korean and he looks like he could be my uncle or something
I was surprised as well
@J H lol saw you in a previous comment. I'm going round commenting the same thing too lol
@@jacobl.743 even so, he speaks with wisdom.
This trend will continue for years to come considering the size of the population in 20~30s age groups and Korea's receding economy. Harsh reality but no clear-cut solutions.
Class warfare
The 28-year-old gentleman (at @0:36 timestamp) really sums everything so perfectly and so clearly!
2:43 thats why English is a must
Korea needs to lower interest rates. This will get more people applying for a bank loan to start their own business. Personally I'd love to work in Korea but I don't see that happening
Handsome reporter, like if you agree
Not everyone can get the first row seat in the bus, same for jobs.
Most universities/college including "prestigious" give importance to academic excellence than encouraging students for innovation (which creates jobs).
Maybe schools should encourage their students that when they want to start working they start at least in a medium sized company and help make that company big. If everyone do this then there will be more bigger companies other than Samsung, LG or Hyundai. These huge companies often are very picky with their applicants since they know everybody wants to be employed in their company. I have a lot of students that become hopeless and depressed because they failed to get into a huge company like Samsung.
Can you do a street interview about how Koreans view Muslims and Islam in general?
Let's accept the fact that we are in a competitive generation.
0:35 im 28,,
mannn at first glance i thought he was 46 or somewhere around that...
Kyoshuko20 ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ
For real tho
same
maybe he's lying, he looks at least 38..
Yes,,that's what I am regreting ever since I have been in Korea....I am a student and I thought it's easier to get part time job so that I can pay my fees...but look I have to spend my 3 and half hours in train just to do 4 hour part time jobs...and again I have to come back at around 4 am....and attend my 9am class..life is like a hell in Korea....it's really difficult to find a job....the unfortable regret of my life ...ok now I have to catch my train....otherwise they will hire another worker bye....
There is nothing embarrassing to work for a small company, if they pay the same then there is really no differences. Working in a small company you may make some new friends. There's a guy I know who works at a small local company and he's been very happy. The company including him only has 20 people in general so he gets to know everyone and hanging out with them. You can't find things like that as easily in big companies.