Youth unemployment in East Asia: What are the causes, and what can be done?
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- Опубликовано: 22 апр 2024
- Young jobseekers are facing tough times amid increasing global complexities and uncertainty.
CNA's investigates the challenges plaguing the job market in East Asia.
Youth unemployment is a big problem everywhere.
True, what is worse is older people say younger people "don't wanna work." Yet the average new grad has to drop hundreds of applications to even get an interview.
Except in the US. There is a labor shortage. This is mainly due to demographic change. In the US, COVID caused baby boomers, the largest population segment, to retire early, leaving a large number of vacant jobs that later smaller generations can't fill.
@@xiphoid2011is it really a shortage, or is it an oversupply of bullshit jobs that has no realistic requirements to have the position filled?
But employers like younger workers?
We need the Youth to be unemployed as they need to take care of the aging boomer population.
This is what you get when you allow job expectations to keep increasing infinitely without the workers getting a proportionate increase in wages. Someday one will need to have a doctorate degree to be qualified as a cashier.
not someday. today. I've met such persons
Meanwhile my friend had to hide her phd qualification so that she could get a job. Otherwise she will be viewed as overqualified. The employment market itself is a screwed myth..
why CNA always spotlight japan south korea and china? singapore youth unemployment is also high at 7%, why spotlight korea and japan that have 4% youth unemployment rate?
A neighbor told me, we must not say what's politically incorrect. I say, I dunno leh.
The key is to blame everyone except that someone. No job? Blame yourself. It's useful to show similar issues elsewhere so we may not feel as bad🤭🫣👀🏳️
It's a distraction 😅from domestic problem.
Just like U$ everyday China, China
Also, why quote Global Youth unemployment rates?? Trying to follow US narrative in spreading mis-information😂 to get a true picture for 15-24, you should remove youth that are still in school or in college or university. Unemployment rates in EU is much higher as EU is now in recession!!!!
They are always scared to say bad news about China. In China, youth unemployment is so high that China stopped reporting the numbers!
Give them a break, CNA is Singaporean public broadcast 😂. Singaporean youth unemployment problem should be reported by other news agency that Singaporean government can't touch.
It's essential for the Government to monitor local Chinese companies like BD, TT, Tencent, and others, as well as foreign companies, to prevent them from exploiting loopholes to bring in additional [talent] workers under false pretenses.
I get that there is a time constraint but can the reporter try not to interrupt the interviewees so much? They were providing really interesting testimonies.
Yeah i was so annoyed by her🤡
I know, right? I was interested in what Dr. Lim was saying then she just decided to cut him off
"while waiting they may accept a job for which they are overqualified potential trapping them in a cycle that involves low pay and doing informal work".
This is very evident in singapore if you go to job portals you will be able to see a vast difference in salary offers. An "analyst" role can go as low as 2k while another true analyst role is easily 4k onwards. A bad start for young graduates will be quite hurtful to their corporate climb unless he/she pulls themselves out of this trap.
One tough question is graduate asking higher price is because living in big city is expensive. With their graduation paper it is also meant for the big city instead of out of city. So what is the actual problem here? Selective on job or selective in salary?
Meanwhile I saw a video where being 35 in China was considered too old to work
UK even worst ...
2024-4-20 Working but poor: millions in work and in poverty.
The government says the best way out of poverty is to work. But for millions of employed people in the UK, it’s just not enough.
Inflation rates are slowly improving but real-term wages and benefits aren’t keeping up.
The number of working adults living in poverty has risen 56% in 25 years - and many of them think the government isn’t listening.
Workers 35 and older are not valued looked at as a liability.
Where have you been? This has been around a long time now. Too many university student in manufacturing centered economy, result in university graduates being paid less than factory workers for quite a while now.
It's more important than ever to support each other. Buying local helps all of us in Singapore thrive. Let’s do this together! 🌟
Supporting local is not just good for our economy, it’s good for our spirit. Let’s keep our local industries strong and vibrant!
Every time we choose a local product, we're making a small but mighty choice for Singapore. Proud to be part of this community!
I am a bit perplexed. If the world bought local only, where would Singapore be?
Kinda weird when you mention that Singapore don't produce anything locally
There should be a rule for local content in public tenders above 1 million sgd
Most of the Singaporeans are unemployed 😢 especially the youth generation facing, the unemployability crisis. The work force SINGAPORE 🇸🇬 must take the necessary measures to boost the employability for Singaporeans, to be honest the foreigners 😂 Taking over the jobs, it’s really a sad thing 😢.
Youth unemployment in China is a major problem. A lot of recent graduates are unable to find worthwhile jobs despite increasing levels of education.
We just increased the minimum wage to $20 in California and now fast food restaurants are not only laying off ppl but some are even closing.
maybe corporate profit can be reduced for a bit you know..😂😂..if you cant afford to run a franchise then dont...you basically slaving some desperate people all in the name of minimum wages
Big Mac meal was $20+ in Pasadena, CA.
Nothing wrong with the likes of McDonald's and KFC going under. Just means less saturated fats, refined sugar and a whole list of ghastly additives being consumed.
Eat fruit and vegetables instead of that reconstitute garbage.
@@rickyayy there’s also the worlds first Robot burger in Pasadena. If they increase the minimum wage again sooner or later every fast food will be replaced by robots
Except for those that are hiring illegal aliens and paying them a lower wage in cash.
And, this is the downside of promoting college education. And, parents having these ideals. Needs to be balance and make sure there are avenues for “skilled” non-college workers.
Not everyone can work in an office.
Why did she interrupt this guy? So disrespectful and unprofessional!!
They are also competing with older people who are looking for work who have work experience.
CNA interviewed two clowns. Lots said, mostly speculation but nothing.
what's wrong with clowns interviewing clowns? they're a circus
UK even worst ...
2024-4-20 Working but poor: millions in work and in poverty.
The government says the best way out of poverty is to work. But for millions of employed people in the UK, it’s just not enough.
Inflation rates are slowly improving but real-term wages and benefits aren’t keeping up.
The number of working adults living in poverty has risen 56% in 25 years - and many of them think the government isn’t listening.
Try Spain and Portugal both have 20% + Youth Unemployment !
no english translation subtitles when Korean was spoken?
they got lazy no wonder lah 😂😂😂
maybe CNA could do a bit more on researching how many percent of those youth unemployment are from ? rich family ? poor family ? arrogant family ?
Wait a second. A young English literature grad (28 yrs old - no way this is a "young" graduate) wants to apply for "overseas sales jobs/strategic planning/purchasing sales management" already? But isn't the mismatch so apparent right here?
The rise of 'life flat' in China is both fascinating and concerning. It's a symptom of disillusionment with the traditional path. Maybe it's time for society to rethink success and fulfillment.
Pornhub model partner program participates earing good success
Property prices increase 3x or 4x. Our salaries for most industries only increase by at most 1k if u compared to 30 years. There is nth to look forward to in the future. That explain why half of the youth r not willing to work for long.
East asia is the factory for the world. With high oil prices and high inflation in US/EU, purchasing power from US/EU have reduced.
Dependence on Export Oriented Economy doesn't generate the much needed well paid Jobs.
It's the Import Oriented Economy that generates Well Paid Jobs that suits for their Qualifications.
4:09 You literally said the issue out loud yourself. She did go as far as to do a Master's degree thus she probably expects an adequate salary since she's also graduated from a prestigious university. The issue is that out of all subjects, she chose English literature? Who will employ thousands of English literature graduates every year? In South Korea? If she at least did an English teacher programme... I'm sorry but subjects like literature and art are regarded as hobbies these days since there's so many uni graduates that you need to choose sth more challenging and relevant to stand out. I also wanted to study art or history but went with physics, business and information science to have better job opportunities. And guess what? I indeed have plenty of job opportunities. Unis should severely limit the number of students for such "humanities-based" subjects, otherwise it's dooming those students by default.
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This young lady has a master's degree and she’s hoping to land a job that pays at least $30,000 a year. also, the number of employees using AI as well as other tactics to discriminate against potential candidates. I can only imagine someone could feel it. That is eye-opening.. also the amount of employees using AI as well as other tactics to discriminate against potential candidates. I can only imagine someone could feel going up against the hose conditions.
If you want to see unemployment, just scroll down comment section.
If Asia now is suffering of unemployment then all the fault is of Europe and especially Italy😬😬
Summary: The available Jobs are mismatched with the applicants' skills.. I don't really believe there is a lack of available jobs.
The generation right now is very intelligent and all want jobs in the city.
I think one way is to legislate non-disclosure of past salary so that companies cannot use that to suppress wages
Yes mannnmnnnn but public sector is always pegging to your last drawn salary. ALWAYS
So they won't legislate otherwise it affects public sector as well
If jetsprayer leave at blocks like "salary one day" thing, but true matter like spiking floor with bad gas scent, if glue it still exist or not? Maybe right. About just "helper of neighbourhood matters". If a piping that can move by angles but spray(1 gap pipe) speed as quick cleaning?
On top of each block to collect rainwater to use for this as priority?
Learn a trade, I am always looking for electricians, plumbers, landscapers. Stop trying to make money from "doing nothing", aka sitting in an air conditioned office 9-5. I know plenty of landscapers with zero degree making 10k a month. There are plenty of jobs out there, young people just choose to not do them.
China 🇨🇳 reported youth unemployment of 21%, the real number is at least 50%.
How do you prove the statistics?🫣👀🤭🏳️😱
I think more like 94.87%
There are videos on weibo from some university graduate follow up results, showing half of the students are unemployed. Of course, those universities can't represent all universities. The real problem is probably worse mainly because the government considering having worked even 1 hour a week as employees. So those who did DiDi or delivered food for an hour are not considered unemployed.
@@xiphoid2011 China is also Based on Believing
@@LonganLeelike North America East Asia is just a cleaner techno dystopian clone North America just doesn’t give a damn
In Korea, Japan, Taiwan, Hong Kong, Thailand, Malaya, Singapore; knowing a foreign language or understanding niche local dialect, such children as advantage in employment in trading.
Others has advantage in looking for apprenticeship with capable master. This route is difficult for 1L youth.
In tough times, like at present EU-CIS war & Red China-USA rivalry; employment by those youth with poor parental upbringing.
We do see terrible life choices by parents on their offsprings.
😅
Not unemployment,but of the problem lay with employers with higher demands. Qualifications and experience play a part.
And another part was with youths, unwilling to accept lower pay to gain experience and seeking higher pay without a proper qualifications or prior experience. Youths also demand work life balance, who in the right mind would hire?
I think one correct thing Singapore is doing compared to East Asia is the strong support for SMEs. It incentives a positive feedback loop of employment and wealth creation.
Very simple solution if youth unemployment is high in East Asia, just move to South Asia to seek employment with high pay. Afterall India has the highest growth rate.
👎👎👎The Interviewer is very rude to keep interrupting the Guest Speaker
"Full Time Children". FML.. what a term
Asian youth should spread our expertise and knowledge to other countries many foreign nations do not have the skill of asian people. the government should support these youth as they expand into new territories. secruring the future for asian people across the globe.
Beware going to Africa.
Uganda, Kenya & South Africa kicked out the Indians who established businesses there.
Look into the Japanese immigrant experience in Brazil and Peru, a lot went back to Japan.
Why use a 15-24 yr old category??? Most in this age group are either still in school or university !!! Also why say East Asian youth when you are citing Global Unemployment rates??? When you try and spread mis-information, be more careful 😂😂😂
these western journalists and experts coined young chinese as lying flat when in fact unemployment for young people are so high and many people couldnt find employment or underemployment. same happens in india where young people are disapportionateky affected, its young unemployment rate in 2024 is about 40% . in conclusion, more people less job opportunity, you dont need an expert to tell you that.
having a large population is a reason
Now im rest 🐴🤵🔑🏇🌊🗝C4,
At times, the Youth should be realistic... It's not about Instagram and the Dream Job as young people think and expect, BUT just having a Job.... I work in a Supermarket, we are craving for workers, but young people don't like to start from the bottom, let alone as a packer, not even bother to work their way up, and that's the problem!! I had one applicant stating he wanting to apply for the position of Store Manager, but only wanted to work 20hrs per week 🙄 Well, the current store manager has 40 years experience in the supermarket industry 💯 I started as a packer, nowadays I'm Head of Hiring. The Youth needs a Reality Check ✅
Take a moment to think. Record low total unemployment is a great indicator of the economy, and that's it! So, if youth unemployment is very high while the overall unemployment rate is low, that is NOT a bad indicator of the economy. It is just that our youth are victims of the "pursue your passion" Western ideology crap or are simply lazy and picky.
The fact that they can afford to be in the job market and not seriously consider any opportunities, or even lie flat, means their families have enough wealth to put food on the table.
Looking at the past, there have been moments when everyone was poor and there was not enough food. Many families had to stop education and have their children work to earn money. That time, no one choose they just take whatever available like it or not.
Seriously, we need to stop following western crap, there were moments in the past, when the youth studied for a field that was needed, being aware of the supply and demand! not just because what they felt like it!
And The Government needs to stop raising minimum wages to lower barrier to entry for companies to pay inexperienced worker with certificate in their hand.
why the anchor girl, cutting in between when the Japanese representative is still speaking lol
Too many graduates too few jobs for them.Too many vacancies for vocational jobs.
The Italian guy working for the Chinese University is clueless. The youth in Japan and S Korea would rather struggle in big cities rather than get by in a town or village. This is an old problem in these countries. China is just the newest kid in the block. If the chap has a solution for the problem, he might save East Asia. Not holding my breath though.
As the PRC continues to lead the world in transitioning through the fourth industrial revolution, as the PRC continues to provide almost as many lighthouse factories as the entire world combined, these issues are the primitive issues of the past. Indeed, these problems are nowhere near as exaggerated as those problems that had existed in Europe and the UK once upon a time in the 19th century, where, during a certain period, it was even estimated that approximately 25% of Germany's population were homeless, beggars, or prostitutes - however, the Industrial Revolution had rescued the European counterparts and provided them tremendous growths in their means of production.
Whether in areas of renewables, rare earths, artificial intelligence as in areas of computer vision, the PRC is increasingly dominant, and so those issues are issues of the past. Elsewhere in East-Asia, the lower cognitive tail-ends will suffer unfortunately, but in the PRC, they will be looked after by the communists.
There is a near perfect employment rate for s'poreans. Many thanks to PAP which is the only competent and responsible party in s'pore.❤❤
So now we call lack of jobs, competitive?😂
His trousers is too long…
i have 9acrdos with roommates 65 accords with mom three accrods with the hoa and four chores!!!!!!!!!!!!!!!
日本の若者の失業率は中国とは大きく異なる…😢
Is big generations...and will be more... with big numbers that will have incenyives that feelings😅
The main problem is that a lot of youth of today are extremely choosy about their jobs especially in Singapore. There are a lot of openings for F&B, cleaning industries..etc. But they would rather laze at home then do something with their life first before securing the jobs they want.
the time you waste is not wasted while lying flat. write a song about water melon and call it viva la vida.
Youth unemployment :It's just propaganda against the Chinese regime:
youth employment in China is improving, young Chinese are full of energy and hope.
+20 social credits!
@@0226roger Thank you, I love your humor, yes the toxic ones are Singaporean and the Swiss not the Chinese .
mexico have a lot jobs
that's not east asia, that's CHINA WHICH IS HAVNG UNEMPLOYMENT ISSUE.
You clearly didn't watch the report
You are totally uneducated
@@albback8176 I did, but most of the ones that are having the highest unemployment is in China for a long time now.
Youth should join the military duty during economic slump..Great experience for self defense and strategic thinking as starters
UK even worst ...
2024-4-20 Working but poor: millions in work and in poverty.
The government says the best way out of poverty is to work. But for millions of employed people in the UK, it’s just not enough.
Inflation rates are slowly improving but real-term wages and benefits aren’t keeping up.
The number of working adults living in poverty has risen 56% in 25 years - and many of them think the government isn’t listening.
Make your own job?
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Pants too long, shoes to big is bugging me.
1. health and safety come first then freedom!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! no child porn no sex with minors no illegal drugs and no illegal firearms in nay nation or violence agasint women or childreen