Why are fewer young Koreans working?

[@esbi1972]

The average workers got poorer while the corporations and their shareholders got richer.

[@guilhermevianabarbosa803]

Depends on which companies you're talking about. For instance, given that inflation rates and interest rates are persistently high across the globe, a lot of smallsized and midsized companies have been dealing with lower profits and higher levels of debt. In fact, most countries (if not all of them) are still registering record levels of bankruptcy among these companies compared to the last decade. And even some of the larger companies are having to apply massive layoff policies to stay afloat in today's economy. We can see some winners in the stocks market which are linked to high demand products and services nowadays like AI, processor chips, etc., such as Nvidia, but the thing is that those companies are vastly outperforming their smaller peers and the rest of the other sectors in the global market. If you only look at those specific companies, then yeah, you'd probably get the sense all is swell for every private company on the planet right now, but the reality is that most of them are seriously struggling to stand on their feet. Meanwhile, governments around the world keep pouring money into the economy with the excuse of fighting off inflation when that only makes it worse. Then, instead of stopping or slowing down their fiscal expansionism and admitting their mistake, they just say prices are going up because "evil capitalist corporates" want their profits to go up and calmly walk away, because they know the average person is gonna buy that nonsense lol.

[@charzemc]

​@@guilhermevianabarbosa803 After all that waffle, you just ended up confirming what the original commenter said. What a waste of time writing your comment.

[@guilhermevianabarbosa803]

@@charzemc How was it a waste of time? Dude literally said "average workers get poorer while corporations and their shareholders get richer", which implies that every company and stockholder out there are getting richer with this situation, which is COMPLETELY FALSE. If you can't read, please refrain from commenting.

[@tron6198]

Should I just invest in stocks then?

[@KBowWow75]

Nobody wants to spend their entire childhood working hard in school, just to work 9-6 for awful pay. You guys need to work less. You need freedom. I have worked 9-6 and 9-5 in Korea. That difference equates to 10.5 days of your life per year. I've saved 32 days in my life by not working that extra hour from 5-6 the past 3 years. It has done wonders. I've been able to focus on my health, goals, giving back to others, and hobbies. I ran 1,800km in 2024 and it only took me 162 hours. When I was 9-6 I only ran ~450km and I weighed about 12-15kg more than I do now. That extra hour at work equates to about ~250 hours per year. I could have run 3,000km in that time and still had time left over to do other things.. People would rather not work than to work their lives away feeling it doesn't give them much of a chance to achieve a good lifestyle anyway.

[@joanjose9051]

u need to understand differences exist in countries. nobody wants to work that much in korea but there are many factors. dont be so ignorant

And wat u gon get money for retirement Genius??

[@kamiloo86]

Don't speak for everyone. I work in Europe and work over 300 hours a month. It doesn't stop me from achieving my goals outside of work. I don't intend to work like that all my life, but now I see a deep meaning and effect in it. Hard work gives you different opportunities.

[@WhippedForJeonJungkook]

Work to live not live to work

[@manudauphin175]

I have been traveling around Seoul in South Korea for two weeks and have seen many youth and elderly people in the streets, buses, trains, and dining area. I can't imagine seeing less youth around the streets of Korea in the future.

[@BigHeadAvenger]

The unfotrunate effect of improper governance. It's much worse for the smaller cities, in Korea, as everyone migrates to Seoul.

[@masato-lee]

I''m in my 20s and I live in the countryside. The average age here is 60 lmao.

[@containedhurricane]

There are too many ghost job vacancies and very-low-paying ones in the whole world. The plunging birth rates are required to reset the economy and wealth

[@masato-lee]

Colleges pumping out degrees that are worthless in the real world is one contributing factor too.

[@containedhurricane]

@@masato-lee Yes. Universities shouldn't have promoted their tuitions as job trainings, because they're academic and more focused on researches

[@masato-lee]

Feels very dystopian out there

[@shinichikudoz]

that why we see so many female streamer in korea that doing 19+ rated content since they got paid more when doing that

[@OCV102]

do you have any names? For research purposes

[@edilee5909]

Same as me, they only work when they are running out of money, and save every last penny while working.

[@masato-lee]

Yup. Korea has the highest personal savings rate of 35% in OECD countries. US is 5%.

[@andrewmccoll1582]

Korea really is just the rest of the Western world but 5-10 years ahead of the curve.

[@DRPL766]

The economy everywhere is tough but doing nothing or working quarter heartedly is not the answer

[@Mechinwisdom]

Meanwhile Korean Government allows 230,000 foreigners to be imported to work in factories. Maybe, the companies who want to import foreigners could actually pay young people a living wage. Maybe giving a salary of 4 million/month would make Korean young people take those factory jobs. Maybe paying an actual livable salary would get young people comfortable to get married and have kids.... because right now they are not. I am a foreigner in Korea for 20 years.... my salary has not been raised in 10 years. Due to inflation, I am making less money than 10 years ago.

[@greedyreader15]

Why would it when it can exploit and abuse and overwork foreign workers? The government is obviously in bed with all the biggest companies, is not that hard to understand

[@simonloo2168]

This is global trend ….importing cheaper labour costs and marginalised the local youngsters to increase the survival ability of corporations or sme for their owners

[@TrinhNguyen-sh4fj]

It is not just that but factory jobs or whatever jobs are not what young Koreans want to do. They are selective and the wages are low which demotivates them to want to work.

[@sagepirotess6312]

Well you are a little off base. Koreans wont take those jobs, farming, building pianos and such in factories, nannycare. And well English teachers. So yea they dont want the pay or aren't qualified.

[@solitaireblue]

Well damn, 2 million which these foreigners earn per month is not livable? 😅 the working conditions in these factories are rough & it’s full of condescending “ahjussis” & older people. I don’t think young Koreans would like to work with them, hence the need for foreigners who can toughen it out!

[@Natashadavid91]

Because younger generation nowday realize that their over workhard sacrifice just wasting their time for make it rich people more rich.meanwhile they suffer mentally n physically with low salary

[@BigSister_CertifiedMaestra2024]

Those who don't want to work would choose content creating.

[@kristinef.petersen1728]

They give up, like young people in Japan. It's very hard to get a jop, all the competion is hard for them.

[@TrinhNguyen-sh4fj]

I think it is hard to get a high paying job but just getting a regular job should not be too hard. However, the pay is low and the hours are high which is a big turn off everyone.

[@Commander96145]

@@TrinhNguyen-sh4fj I disagree that getting a regular job isn't hard too. Competition is fierce at every level in most industries. At least in Asia, biggest problem is that many young people moved from the countryside into the city for work, which creates a surplus of candidates for practically any job in the city.

[@RosyLiuxx66]

Japanese young people don't have much ambition but they have a job... some may not be a full time and just a part-time job, or others might just be a contract worker, but they have a job... Korean young people have big ambition but if they don't succeed on famous successful professions or get into the country's top companies, they either become entrepreneurs or influencers, and the rest have low-paying jobs or part-time jobs... contrary to what people think, Japan and Korea actually have much lower unemployment rate compared to other developed nations like the US, Germany, UK, Australia and others...

[@arunbenny808]

Because no countries seem to know how to properly tax the rich except for the Netherland ones apparently.

[@oceanwave4502]

I see that both South Korea and Japan are increasingly unable to compete with China, even in niche markets, such as computer memory, or cars, or robotics, given the situation mentioned in the video.

[@puSOKORea]

it’s a opportunity for the foreigners to work in South Korea for a bigger salary..

[@rentlesssuv]

Less worker, less taxes, no pension for retirees, truth is not everybody needs to work 😂

[@Umii_7636]

Huh 😥

[@dankofdaday]

this is what league does to you

[@boris8787]

Depression - they need to know the meaning of life ➡➡➡➡➡➡ *John 14:6.*

[@معرفهمعرفه-ن8ع]

من المستغرب اعتماد اختفاء التعليقات المعتمدة المرسلة بصدد الموضوع التجهيز والتهيىة لمحطات وساىل النقل العمومية المختلفة والمتنوعة والتجهيز والتهيئة للمنافذ الحدودية الداخلية والخارجية ،،، البحرية البرية والجوية بحسب الخطة الاستكمالية وغيرها عربية مسلمة متابعة الأخبار شيرين عمر عبد الغني اجتهاد شخصي انديفيديوالي فردي لحالي مين مراقب التلفون وبسجل للتضليل والتشويش وبغلث ليه التغليث انا ضد الدولة المعادية الاسراىيلية المحتلة ومازالت