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Texas_blu
Joined: 26 Oct 2008 Posts: 108 Location: HCMC, VN
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Posted: Tue Jul 14, 2009 12:18 am Post subject: Inflation and an influx of teachers |
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I've been here 4 years, I'm married and have a child so my situation might be different. But 4 years ago my budget for the basics was about 3.5 million VND - now that's more than tripled. This doesn't include any entertainment, etc. and my wife's VN.
Most jobs have leveled off pay-wise as the supply is slightly greater than the demand now. Now don't get me wrong, I'm still making money but I've got an established reputation and real time experience here. But as I'm meeting the newbies now they're telling stories about working for some of the doggiest schools where the salary has gone down and the demands have gone up.
Other expats that I know are complaining about how inflated values have increased SO MUCH. here's a link about that...
http://www.thanhniennews.com/business/?catid=2&newsid=50666
I'm not trying to scare anybody off but I think it's clear that teacher-wise the boom days are over and saving money will be be best done by the penny-pinchers. You party-animals types can still come here for a good time but you probably won't be leaving with anything in your pocket except memories! |
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Tanker

Joined: 15 Jun 2005 Posts: 72
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Posted: Tue Jul 14, 2009 12:28 am Post subject: Re: Inflation and an influx of teachers |
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Texas_blu wrote: |
I think it's clear that teacher-wise the boom days are over and saving money will be be best done by the penny-pinchers. You party-animals types can still come here for a good time but you probably won't be leaving with anything in your pocket except memories! |
I have to agree with the above statement.
The influx of new teachers is now noticeable in the schools and in the streets.
The tipping point has occurred.
Everybody knows it, so yes, there will be downward pressure on wages. This is no surprise and was bound to happen sometime.
People in their 20s out of Uni can enjoy the cultural experience.
Teachers that are older that want to save something would be better off in South Korea or the Middle East, if they can stomach it. Or, leaving EFL all together. |
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cvmurrieta

Joined: 10 Jul 2008 Posts: 209 Location: Sendai, Japan
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Posted: Tue Jul 14, 2009 4:31 am Post subject: Re: Inflation and an influx of teachers |
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Tanker wrote: |
Texas_blu wrote: |
I think it's clear that teacher-wise the boom days are over and saving money will be be best done by the penny-pinchers. You party-animals types can still come here for a good time but you probably won't be leaving with anything in your pocket except memories! |
Teachers that are older that want to save something would be better off in South Korea or the Middle East, if they can stomach it. Or, leaving EFL all together. |
Or we may stay in northern Japan where the cost of living is lower than Tokyo or Osaka. It also helps to have a penny-pinching Japanese girlfriend  |
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Mattingly

Joined: 03 Jul 2008 Posts: 249
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Posted: Sat Aug 01, 2009 9:31 am Post subject: Re: Inflation and an influx of teachers |
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Texas_blu wrote: |
Most jobs have leveled off pay-wise as the supply is slightly greater than the demand now. Now don't get me wrong, I'm still making money but I've got an established reputation and real time experience here. But as I'm meeting the newbies now they're telling stories about working for some of the doggiest schools where the salary has gone down and the demands have gone up.
Other expats that I know are complaining about how inflated values have increased SO MUCH. here's a link about that...
http://www.thanhniennews.com/business/?catid=2&newsid=50666
I'm not trying to scare anybody off but I think it's clear that teacher-wise the boom days are over and saving money will be be best done by the penny-pinchers. |
Wages have peaked, and are even declining. One school cut the wage by $1 per hour.
This is the worst Summer season so far. What will this year be like? |
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Green Acres
Joined: 06 May 2009 Posts: 260
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Posted: Sat Aug 01, 2009 12:26 pm Post subject: |
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I can deal with the loss in real wages, and even all the headaches of Vietnam compared with other cities that are just as expensive, however, I cannot put up with the empowerment this situation is giving managers and owners of institutions.
They're not all bad, but most are the scum of the earth. In the old days, the shortage of teachers drove wages up and bad management was often rewarded on the long term by school closures. Not anymore. Now these same lunatics are able to parry one teacher off another, and in many respects, it doesn't even matter if one is qualified or not. The system is in disarray and any chances of self-correction are fading.
I've said it before, and I will say it again. This place is perfect for the backpacker. I have no problems with that. It's too bad that the government is not as stringent upon the regulations of these schools as they are on every foreigner seeking employment here. Remember too, that as foreigners we are not allowed to form a union, join a union or establish a pension plan. We may not voice opinions in the press or criticize the status quo. It's really a mess, and for anyone who is serious about their profession in ESL, the headaches and heartaches are endless. |
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MisterLinguistix
Joined: 27 May 2009 Posts: 16
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Posted: Sun Aug 02, 2009 4:10 am Post subject: |
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I have been reading and hearing from various sources that the major impetus for these recent changes has been the economic meltdown in the major countries. That is, a lot of college graduates and unemployed are simply fleeing in search of ANY job at this point.
Therefore, could it be that this current reversal of fortune (for us non-newbies) will reverse again if the major economies pull out of the current mess?
Then, of course, the only damage that will have been done would be the exposure of the Asian ELT industry leaders for being the vultures that they (often) are? |
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Texas_blu
Joined: 26 Oct 2008 Posts: 108 Location: HCMC, VN
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Posted: Sun Aug 02, 2009 6:46 am Post subject: |
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This is a quote from that other website written by a Sir Charles:
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OK, this thread was started on March 15 and almost 5 months later this is the slowest Summer I've ever experienced.
Just about everyone I know is slow. Particularly at VUS, where the M-F nightime hours have shrunk and people are loaded up for weekend kids classes, with almost nothing during the week.
Enrollments are down, and there are more teachers here.
Yes, you can work part-time at 3 schools and drive all over town to outer districts for the hours, but....
If Summer has always been the busiest time of year, what will happen in September.
Will things get even slower? |
I think it's entirely possible that some of you "newbies" will not be able to even break even. DEMAND is way down and SUPPLY is way up!
I'm not trying to scare anybody off as I'm predicting a passing grade for my wife's interview this month and we'll be heading to the USA after that. So, this clearly isn't about protecting my jobs.
Good Luck to those whom are just now coming and Happy Hunting. |
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BenE

Joined: 11 Oct 2008 Posts: 321
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Posted: Sun Aug 02, 2009 8:22 am Post subject: |
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I came here 6 months ago and back then things were quiet and there was a lot of talk of people being laid off. I've been very fortunate and got a stable job with a set number of hours that seems to be picking up what a lot of the smaller institutions are losing out on due to them having higher costs.
I netted $2000 last month and I am saving so it is still possible though you have to work hard to get to that stage. |
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