Korean Job Discussion Forums

[travelingfool]

Folks, all I can is that if you have a job in Korea right now, for the love of God, STAY PUT!!!!! There are no jobs, at least in the states. Things are in fact that bad. Many economists think that the unemployment rate will be in the double digits for years to come. State and local governments are going broke. California is toast. A lot of people are going to lose their pensions. I also think as things get worse tensions will increase along racial lines and economic lines. It's already happening in the once great state of California.

That nattering nabob of negativity, harbinger of doom and gloom, Mr. Asmith, is right. We are in deep doo doo.

Finally, you guys better get it out of your head that you will return from your teaching experience in Korea and impress your employers with your international experience. Employers don't care. In fact, it might even work against you because companies just love to hire people that they can exploit, such as people with mortgages, kids, two car payments, etc. Your lavish international lifestyle could be a red flag in the mind of a hiring manager in that you might be too independent. I worked in corporate America for a long, long time and have seen HR people talk about these very things.

Asmith..........I hope we are wrong, I really do.

[Joe666]

If this forecast is indeed true, people get ready!! A revolution in the U.S. could be coming. Due to the nature of the country, this would be a revolution of enormous magnitutes. Multiple sub-cultures, political party lines, religious lines, class structures. I am American, I would not want to be around if this happens.

I hope you are both wrong.

[talltony4]

Heh, asmith is pretty famous these days huh? I wonder if he discusses his online fame with his wife while he drinks his toad juice

Anyway, I think he is right too, but I think his timeline is a little short.

The US has been declining since about 1973 so it has been a long, slow decline. I don't see why it will suddenly become a catastrophic implosion this christmas.

Anyway, I'm more concerned about Korea. When Britain was knocked off it's perch post WWII, the US stepped in and we had the long boom. Could we see the same thing happen again?

[nathanrutledge]

Except that the unemployment rate has stabilized, durable goods orders are up for the last 5 of 6 months, consumers cut their outstanding debt by 21.6 billion in July alone (forecasts were for a cut of 3-4 billion), inventories are down for the 11th straight month, and shipments of goods are up for the second month in a row. I could go on and on and on, but why bother.

Consumers cut their debt by paying it off and not buying new goods or services, so that hurts the economy in the short run, but helps consumers in the long run. Inventories are low which means that companies will be forced to resupply, buying more goods and services. Durable orders are up, shipments of said goods are up. The recession has reached its apex and we are beginning the long climb out of it.

There is no doom and gloom. You are wrong.

[travelingfool]

[AgentM]

[Draz]

[typo]

[oldtactics]

[misher]

Even though Asmith is a bit extreme, I actually agree with him on a lot of things.

You can't deny that way too many people on this planet are living beyond their means. With the rise of the BRIC countries, SOMETHING has to give whether it be hyperinflation, WATER SHORTAGE (big one) or an all out war.

I don't think the credit problems that surfaced 2 years ago can just simply go away by printing trillions of intrinsically worthless paper. It can't be that simple.

[talltony4]

[yingwenlaoshi]

Talk about stating the obvious...

[xingyiman]

This has been happening for a long time. At the turn of the century I saw nearly everyone who graduated with me bartending because they couldn't find any jobs in what they had trained in. I was sounding the alarm back then but everyone thought I was nuts. No job growth and a supposedly booming economy - the handwriting was on the wall.

[Fishead soup]

I see mass Freeganism in the future. Hourds of recent Liberal Arts Graduates will resort to dumpster diving as Welfare states become broke.
With most available housing too expensive I see mass Squatting and homelessness. As more people start living off the grid The World economy will go down. This is the downfall of Capitalism and the Rise of Utopian Anarchism.

[Joe666]