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Yaya
Joined: 25 Feb 2003
Location: Seoul
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 Posted: Fri Apr 27, 2012 8:46 pm Post subject: For those in Korea, this country isn't that bad |
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Half Of Recent US College Graduates Unemployed Or Underemployed
In a stark reminder of how the recession has damaged the employment prospects of young Americans, an Associated Press analysis found Monday that more than half of recent college graduates are out of work or toiling in unskilled jobs.
According to the AP's analysis of government data, about 53.6 percent of Americans who have bachelor's degrees and are 25 and under are unemployed or hold lower-wage jobs, like waiting tables or serving as office receptionists, that don't require a degree. That translates to about 1.5 million young people who have not, or not yet, gotten the payoff they expected from a college education.
http://www.ibtimes.com/articles/332153/20120423/unemployment-college-young-americans-under-25-student.htm |
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The Sultan of Seoul
Joined: 17 Apr 2012
Location: right... behind.. YOU
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| Posted: Fri Apr 27, 2012 9:00 pm Post subject: |
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| No joke. I have a rewarding job, live in a 5 room apt and have just paid my rent and still cleared over two thousand dollars. I teach 16 hrs a week. Life aint bad. |
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jeremydc808
Joined: 16 Apr 2012
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| Posted: Fri Apr 27, 2012 9:05 pm Post subject: |
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True, Hawaii has a horrible job market. I am trying my best to stay in the education field before I head to Korea in Dec.
Funny thing is, there are teaching jobs that want a Masters + 3 years of experience just for 12$ an hr. Not to mention the COL here.
I wish I could leave now !!!!!!!!!!!!! |
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fosterman
Joined: 16 Nov 2011
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| Posted: Fri Apr 27, 2012 9:16 pm Post subject: |
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| I use to clear 1000 bucks a week as a bartender, and I wasn't even working in a famous bar, some of the my friends working in clubs, or hotel lounges use to make 2K a week, you'd be surprised how quick the tips add up. |
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Yaya
Joined: 25 Feb 2003
Location: Seoul
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| Posted: Sat Apr 28, 2012 12:44 am Post subject: |
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| I also hear bartenders get a lot of chicks, too. |
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byrddogs
Joined: 19 Jun 2009
Location: Shanghai
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| Posted: Sat Apr 28, 2012 1:27 am Post subject: |
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| The Sultan of Seoul wrote: |
| No joke. I have a rewarding job, live in a 5 room apt and have just paid my rent and still cleared over two thousand dollars. I teach 16 hrs a week. Life aint bad. |
Sounds pretty nice. You got that 5 room apt. to yourself? 16 teaching hours seems good. How many hours are your required to be at work per week? |
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flakfizer
Joined: 12 Nov 2004
Location: scaling the Cliffs of Insanity with a frayed rope.
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| Posted: Sat Apr 28, 2012 1:31 am Post subject: |
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I would amend the title of the thread to say that this country isn't that bad if you're an English-speaking graduate from overseas. Korean grads are having their own troubles here. http://english.chosun.com/site/data/html_dir/2011/11/30/2011113000657.html
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One in seven people in their 20s earn less than W1 million a month, according to National Health Insurance data.
Out of 2.4 million employed people in their 20s, 15 percent or 360,000 people -- 150,000 men and 210,000 women -- earn less than W1 million (US$1=W1,154).
Most of them are employed part-time or on fixed-term contracts.
Only 220,000 people in the age group earn W2 million or more per month. Since there are 1.75 million four-year university graduates in the group, this means only one in eight 20-somethings with university degree has a job that pays a decent income. |
If these stats are to be believed, only one in eight college grads in their 20s makes 2 million a month or more, a salary nearly any NET can make in Korea. |
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soomin
Joined: 18 Jun 2009
Location: Daegu
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| Posted: Sat Apr 28, 2012 1:33 am Post subject: Re: For those in Korea, this country isn't that bad |
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| Yaya wrote: |
According to the AP's analysis of government data, about 53.6 percent of Americans who have bachelor's degrees and are 25 and under are unemployed or hold lower-wage jobs, like waiting tables or serving as office receptionists, that don't require a degree. |
I graduated 3 years ago and my friends back home are still working at clothing stores and such... one of my friends got a job with what she wanted, but it didn't hurt that the owner of the company was a family friend...
But, at least they have a degree... when I was in college, the future seemed bright... but I can't imagine people in college now looking at the news and seeing stats like these, and jobs that still want a degree... smh |
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Lazio
Joined: 15 Dec 2010
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| Posted: Sat Apr 28, 2012 1:48 am Post subject: |
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| Quote: |
One in seven people in their 20s earn less than W1 million a month, according to National Health Insurance data.
Out of 2.4 million employed people in their 20s, 15 percent or 360,000 people -- 150,000 men and 210,000 women -- earn less than W1 million (US$1=W1,154).
Most of them are employed part-time or on fixed-term contracts.
Only 220,000 people in the age group earn W2 million or more per month. Since there are 1.75 million four-year university graduates in the group, this means only one in eight 20-somethings with university degree has a job that pays a decent income. |
It also must be stated that most people here start to work at a regular salary job when they are 25-27 years old. So that means about 3-4 years in their �twenties� which makes that a starter salary.
And let�s not forget about the facts that a large portion of graduates are holding a completely useless degree and/or are completely clueless about what they studied. |
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The Cosmic Hum
Joined: 09 May 2003
Location: Sonic Space
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| Posted: Sat Apr 28, 2012 2:35 am Post subject: |
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| Lazio wrote: |
| And let�s not forget about the facts that a large portion of graduates are holding a completely useless degree and/or are completely clueless about what they studied. |
...hasn't that always been the case for just about everywhere?  |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Sat Apr 28, 2012 3:06 am Post subject: |
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| The Cosmic Hum wrote: |
| Lazio wrote: |
| And let�s not forget about the facts that a large portion of graduates are holding a completely useless degree and/or are completely clueless about what they studied. |
...hasn't that always been the case for just about everywhere? |
Indeed!
Veritable legions of social science graduates are churned out by Universities each year. It is not like the market needs a thousand Historians per year.... |
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The Sultan of Seoul
Joined: 17 Apr 2012
Location: right... behind.. YOU
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| Posted: Sat Apr 28, 2012 3:16 am Post subject: |
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| PatrickGHBusan wrote: |
| The Cosmic Hum wrote: |
| Lazio wrote: |
| And let�s not forget about the facts that a large portion of graduates are holding a completely useless degree and/or are completely clueless about what they studied. |
...hasn't that always been the case for just about everywhere? |
Indeed!
Veritable legions of social science graduates are churned out by Universities each year. It is not like the market needs a thousand Historians per year.... |
Surely a history or Sociology degree would impart upon the graduate transferable skills...
@bryddogs - yes to myself. Be at work 30 hrs a week and only 16 of teaching. Hakwan. Won't name it.
Last edited by The Sultan of Seoul on Sat Apr 28, 2012 3:18 am; edited 1 time in total |
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byrddogs
Joined: 19 Jun 2009
Location: Shanghai
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| Posted: Sat Apr 28, 2012 3:16 am Post subject: |
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| The Cosmic Hum wrote: |
| Lazio wrote: |
| And let�s not forget about the facts that a large portion of graduates are holding a completely useless degree and/or are completely clueless about what they studied. |
...hasn't that always been the case for just about everywhere? |
So true. Or, in my case got a specialized degree (interned in the field) and had no desire whatsoever to be in that field. What a waste of time. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Sat Apr 28, 2012 3:32 am Post subject: |
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| Quote: |
| Veritable legions of social science graduates are churned out by Universities each year. It is not like the market needs a thousand Historians per year.... |
Because of course the only point of a university degree is to train someone to do a future job. People who study history at university do so because they all want to be historians.  |
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northway
Joined: 05 Jul 2010
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| Posted: Sat Apr 28, 2012 5:25 am Post subject: |
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| I know plenty of social science majors who are doing just fine. The key is to not study social sciences at a crappy school. |
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