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Half of College Graduates Likely to Become Jobless
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Troll_Bait



Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)

PostPosted: Sun Jan 18, 2009 2:46 am    Post subject: Half of College Graduates Likely to Become Jobless Reply with quote

http://www.koreatimes.co.kr/www/news/nation/2009/01/113_38044.html
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Sun Jan 18, 2009 3:31 am    Post subject: Reply with quote

Yep, that's how it's been at home for quite some time. While most college grads are employable, it usually means a low paying job to make ends meet with keeping hope in positive light or it means boomeranging back home still with high hopes of an exciting professional career full of exciting opportunities. Companies are looking to hire experienced candidates; not newbies. For at least 7 or 8 years, they're not interested in investing in and developing newbies, because there's a huge pool of experienced talent in the market in most career fields. Nursing is about all that's demanding newbies except the ESL in Asia. The ESL one is quite a good one for those who like to travel, but still not sure what sort of career track we're embarking on. I have high hopes this experience can develop into bigger and greater things later in life. You really learn a lot out this experience more than you would of the McJob or non-rewarding job at home.


What we've been seeing go on in America since about 2000 is becoming a global phenomenon and it downright blows. Job market blows.

Korea is only a micro sized demonstration of what's going on in America and many other places. Their isn't enough wealth being passed along to the newbies for the older selfish stingy greedy hands are holding onto it. The less young to middle aged adults produce, the lower the economy goes. The less activity, the less new opportunities and wealth being produced. This, unfortunately is the sign of the times we live in. It's not the robust 20th century any more.
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RACETRAITOR



Joined: 24 Oct 2005
Location: Seoul, South Korea

PostPosted: Sun Jan 18, 2009 5:03 am    Post subject: Reply with quote

Yep, I should've saved all that tuition money and learnt how to drive a forklift. I'd be way richer right now.
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Rusty Shackleford



Joined: 08 May 2008

PostPosted: Sun Jan 18, 2009 5:17 am    Post subject: Reply with quote

sojourner1 wrote:
Yep, that's how it's been at home for quite some time. While most college grads are employable, it usually means a low paying job to make ends meet with keeping hope in positive light or it means boomeranging back home still with high hopes of an exciting professional career full of exciting opportunities. Companies are looking to hire experienced candidates; not newbies. For at least 7 or 8 years, they're not interested in investing in and developing newbies, because there's a huge pool of experienced talent in the market in most career fields. Nursing is about all that's demanding newbies except the ESL in Asia. The ESL one is quite a good one for those who like to travel, but still not sure what sort of career track we're embarking on. I have high hopes this experience can develop into bigger and greater things later in life. You really learn a lot out this experience more than you would of the McJob or non-rewarding job at home.


What we've been seeing go on in America since about 2000 is becoming a global phenomenon and it downright blows. Job market blows.

Korea is only a micro sized demonstration of what's going on in America and many other places. Their isn't enough wealth being passed along to the newbies for the older selfish stingy greedy hands are holding onto it. The less young to middle aged adults produce, the lower the economy goes. The less activity, the less new opportunities and wealth being produced. This, unfortunately is the sign of the times we live in. It's not the robust 20th century any more.


Dude, the general theme of so many of your posts, is how much better life was back in some mythical time 40 or so years ago. I think your general attitude about life feeds into your perceptions of the world. Try and be a little more positive man.

The fact of the matter is, I would rather be alive now, than at any other time in history. You complain about the older generation not passing on the wealth to the younger, but I guarantee they complained about the same thing. And besides, why should they? They earned it.

The total amount of wealth in the world is not finite. If you want something and have the right attitude, you can have what ever you want. Complaining about perceived barriers isn't going to help you get what you want out of life.
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Sun Jan 18, 2009 6:24 am    Post subject: Reply with quote

Well, Rusty man, it's plausible to be positive, but I must say everything is finite. It will take new endeavors, new investments, new ventures, and new projects to put more out there for us and the kids as they come along. The old got what they got and they're taking it to the grave with them, if not spending it all on their quest for immortality. The health care industry is the only thing booming now days back home. While the old people worked, the opportunity was there for them; not all employers telling them they're no good, becuase they lacked experienced.

Of course it was better 40 years ago, where you didn't have to worry so much about not being employed and being outpriced. In these changing times we live in today, our money does not go as far and pay is stagnating and even decreasing. It's a crap system while the rich get richer. It's true. Easy to not feel it if you're living in some kind of protective bubble like having wealthy or decently successful relatives who help you out.

When it comes to that, I only wish someone would send me some damned new Fruit of the loom or a care package, shit. They'se all too poor and busy......... Go figure.....
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Rusty Shackleford



Joined: 08 May 2008

PostPosted: Sun Jan 18, 2009 6:39 am    Post subject: Reply with quote

[quote="sojourner1

Of course it was better 40 years ago, where you didn't have to worry so much about not being employed and being outpriced. .
[/quote]

How old are you? What information are you basing the assumption that life was better 40 years ago on?

I don't have any fear of being unemployed, because I know that the skills I have are inherently useful. I know that I don't have to rely on others for a job because I will be able to get by on the skills I have.
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Rusty Shackleford



Joined: 08 May 2008

PostPosted: Sun Jan 18, 2009 6:45 am    Post subject: Reply with quote

sojourner1 wrote:
I must say everything is finite. It will take new endeavors, new investments, new ventures, and new projects to put more out there for us and the kids as they come along.


I read a figure once that if you divided all the assets in by the number of people, there would be enough wealth for each person on Earth to have 3million U.S each.

That gives me a pretty fair indication that there is a lot of wealth out there, and that even a small share of it would be enough to leade a happy life.
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Paji eh Wong



Joined: 03 Jun 2003

PostPosted: Sun Jan 18, 2009 6:54 am    Post subject: Reply with quote

Quote:
Half of College Graduates Likely to Become Jobless

Given how many graduates Korea churns out, I'd say that's about right.
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kcs0001



Joined: 24 Jul 2005

PostPosted: Sun Jan 18, 2009 11:55 am    Post subject: Reply with quote

I never aspired to be a grease monkey, but my younger brother in AZ is still making pretty good money as an ASE certified auto tech for Toyota.
He only did 1 year trade school after high school but Toyota paid for Toyota Professional Automotive Technician (TPAT) cert. He can work as much overtime as he wants, but only works 6 days. Lots of side work.
Pre tax he makes about $100K, but 45-50% goes to Fed,State, county, city tax so he makes it up on side work.
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madoka



Joined: 27 Mar 2008

PostPosted: Sun Jan 18, 2009 12:12 pm    Post subject: Reply with quote

Rusty Shackleford wrote:
I read a figure once that if you divided all the assets in by the number of people, there would be enough wealth for each person on Earth to have 3million U.S each.

That gives me a pretty fair indication that there is a lot of wealth out there, and that even a small share of it would be enough to leade a happy life.


Not even close. More like $6,700.

http://ask.yahoo.com/20060717.html
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Bigfeet



Joined: 29 May 2008
Location: Grrrrr.....

PostPosted: Sun Jan 18, 2009 12:15 pm    Post subject: Reply with quote

kcs0001 wrote:
I never aspired to be a grease monkey, but my younger brother in AZ is still making pretty good money as an ASE certified auto tech for Toyota.
He only did 1 year trade school after high school but Toyota paid for Toyota Professional Automotive Technician (TPAT) cert. He can work as much overtime as he wants, but only works 6 days. Lots of side work.
Pre tax he makes about $100K, but 45-50% goes to Fed,State, county, city tax so he makes it up on side work.


This recession will definitely benefit people like him that repair used stuff. People are putting off buying new things and repairing their old stuff if they can.
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jennzy



Joined: 12 Jan 2009

PostPosted: Sun Jan 18, 2009 12:18 pm    Post subject: Reply with quote

its really sad Sad
because ive seen jobs decline so fast in the past year with the economic recession.

unless one is to become a family doctor, there is no hope in getting a job in korea as well...

teacher's colleges in ontario are telling the students that for the next 5 years they will not be getting a stable job. hence, i plan on taking my sweet time travelling, working abroad before applying for teacher's college. (my current plan, teach in korea for 1 year, then come home and get a full time retail job and volunteer lots then apply to teacher's college)
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semi-fly



Joined: 07 Apr 2008

PostPosted: Sun Jan 18, 2009 1:26 pm    Post subject: Reply with quote

jennzy wrote:
its really sad Sad
because ive seen jobs decline so fast in the past year with the economic recession.

unless one is to become a family doctor, there is no hope in getting a job in korea as well...

teacher's colleges in ontario are telling the students that for the next 5 years they will not be getting a stable job. hence, i plan on taking my sweet time travelling, working abroad before applying for teacher's college. (my current plan, teach in korea for 1 year, then come home and get a full time retail job and volunteer lots then apply to teacher's college)


How would becoming a teacher outside of Korea not be considered a stable job?
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kotakji



Joined: 23 Oct 2006

PostPosted: Sun Jan 18, 2009 1:35 pm    Post subject: Reply with quote

sojourner1 wrote:
Yep, that's how it's been at home for quite some time. While most college grads are employable, it usually means a low paying job to make ends meet with keeping hope in positive light or it means boomeranging back home still with high hopes of an exciting professional career full of exciting opportunities...


Honestly I think you are painting an overly bleak picture. Honestly any college graduate can get a decent paying enjoyable job as long as they took advantage of the opportunities available during their time at their university.

I am amazed at how many students believed that as long as they showed up to class and got good grades that they should expect to have good jobs available to them on graduation. Rather its the classroom time that puts you in contact with out of classroom opportunities. Doing internships, asking to do real useful research (not glorified term-papers) with professors without pay, getting involved in professional societies, networking, and in general being outgoing and proactive towards the multitude of possibilities placed before you is how you get a good job out of college.

Most of all though, you need to believe that success is inevitable. You know yourself better then anyone- all the knowledge you gained from your classes, the experiences learned working with professionals, those self-marketing skills you learned when you had to play politics with your peers. All of these things should give you the confidence to be the one guy among thirty interviewees who raises his hand and starts asking the questions that intrigue you.


Last edited by kotakji on Sun Jan 18, 2009 1:36 pm; edited 1 time in total
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michaelambling



Joined: 31 Dec 2008
Location: Paradise

PostPosted: Sun Jan 18, 2009 1:36 pm    Post subject: Reply with quote

My story:

I got my B.A. in English in 1999 and, bright-eyed and full of stories of graduate jobs making 40k a year, I moved to my home town to look for work. Everyone told me I was either overqualified or lacked experience, so I spent a year going from temp job to temp job, then doing commission-based sales jobs. That really sucked, because I hate trying to sell people stuff they don't need/want (and if they need/want it, they don't need a salesman).

So then I went back to school, got a scholarship to do an M.A., then another scholarship to do a Ph.D. Now I was set for a life in academia, which was fine--few working hours, easy work mostly full of trying to impress not-too-clever people with rather low standards. No prob. I get my Ph.D., publish a few things, and get ready to get a job in a university.

Then the economic crisis hit. I applied to about 35 universities; of those, 7 replied back and told me they had a hiring freeze, and I heard that another 5 had hiring freezes put in place. Rumors and analysts agree that the job market will be even tighter next year.

Then I look into TEFL, which isn't that far removed from what I wanted to teach anyway, and all of a sudden there is this HUGE market of well-paying jobs. Most people in Korea don't realize how good they have it. With the low taxes, severance bonuses, and free apartment, someone earning 3 million KRW a month is making about the same as a starting assistant professor in NYC is making ($64,000), if one assumes the exchange rate improves sometime soon. I'm comparing a university job in Korea with one in America--it seems that the hagwon/public school teaching jobs aren't quite as good.

So, in short: things are bad in America, and native speakers are blessed that they can get such good, easy jobs in Asia, as long as they don't mind living in a foreign country.
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