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young_clinton
Joined: 09 Sep 2009
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Julius
Joined: 27 Jul 2006
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 Posted: Fri May 03, 2013 5:58 am Post subject: Re: Unemployment drops to 7.5 |
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| young_clinton wrote: |
Hopefully soon Koreans will be desperately recruiting for ESL instructors for the public schools.
Soon the return of "the ugly American" and the empire. |
It was 5% in the heydey of 2006.
However I don't believe those days will return even if it dropped to 1%.
Korea has been DISCOVERED.
Its now firmly on the backpacker trail, the map of every young couple, indebted grad and traveller person from western Europe to alaska. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Fri May 03, 2013 6:08 am Post subject: Re: Unemployment drops to 7.5 |
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| Julius wrote: |
| young_clinton wrote: |
Hopefully soon Koreans will be desperately recruiting for ESL instructors for the public schools.
Soon the return of "the ugly American" and the empire. |
It was 5% in the heydey of 2006.
However I don't believe those days will return even if it dropped to 1%.
Korea has been DISCOVERED.
Its now firmly on the backpacker trail, the map of every young couple, indebted grad and traveller person from western Europe to alaska. |
Definitely some truth to that. When I went to Korea back in 2001, I was a rare breed. None of my friends or family knew anyone else who had done such a thing. Now? The common response is, "Oh yeah, my _____ taught there too."
And even though unemployment is slowly dropping here, wages are flat and lots of people are underemployed (either overqualified or working fewer hours than they'd like). |
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World Traveler
Joined: 29 May 2009
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| Posted: Fri May 03, 2013 6:00 pm Post subject: Re: Unemployment drops to 7.5 |
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| Julius wrote: |
| young_clinton wrote: |
Hopefully soon Koreans will be desperately recruiting for ESL instructors for the public schools.
Soon the return of "the ugly American" and the empire. |
It was 5% in the heydey of 2006.
However I don't believe those days will return even if it dropped to 1%.
Korea has been DISCOVERED.
Its now firmly on the backpacker trail, the map of every young couple, indebted grad and traveller person from western Europe to alaska. |
I completely agree with you EXCEPT on one point: Korea isn't FULLY discovered...yet. Do WAY more people know about it than before? Definately. Does EVERYONE know about it? Not yet. But as time goes by, more and more do. (So...expect things to decline even more in the future.) |
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Titus
Joined: 19 May 2012
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| Posted: Sat May 04, 2013 7:49 am Post subject: |
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If unemployment were measured using the metrics used during the Great Depression, unemployment right now would rate higher than at any point during the Great Depression. There are economists out there who do the work. Look them up. The government is feeding you BS.
Anyway, yeah, the economy is fine for me.
http://isteve.blogspot.com/2013/05/success-america-makes-life-harder-for.html
Pity the stupid. Their nation is screwing them.
http://www.nytimes.com/2013/05/05/sunday-review/the-idled-young-americans.html?_r=0
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THE idle young European, stranded without work by the Continent�s dysfunction, is one of the global economy�s stock characters. Yet it might be time to add another, even more common protagonist: the idle young American.
For all of Europe�s troubles � a left-right combination of sclerotic labor markets and austerity � the United States has quietly surpassed much of Europe in the percentage of young adults without jobs. It�s not just Europe, either. Over the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest. |
What's the solution? Well, we're reading the NYT so...
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| Many business executives and economists also point to immigration policy. Done right, an overhaul could make a difference, many say, by allowing more highly skilled immigrants to enter the country and by making life easier for those immigrants already here. |
The solution to everything is immigration. Stub your toe? Immigration. |
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akcrono
Joined: 11 Mar 2010
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| Posted: Tue May 07, 2013 12:37 am Post subject: |
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| What might help? Easing the parts of the regulatory thicket without societal benefits. Providing public financing for the sorts of early-stage scientific research and physical infrastructure that the private sector often finds unprofitable. Long term, nothing is likely to matter more than improving educational attainment, from preschool through college (which may have started already). |
That's the sentence before the one you posted. Of course, since you have some problem with the NYT, no need for context. Just misrepresent to prove your point! |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun May 19, 2013 5:51 pm Post subject: |
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Well I got here in 2006, though I didn't register here until 2009. Just a casual reader I guess. I can tell you that pre 2009 and post 2009 Korea are in fact two different things. March 2008, my rural area took months to find three new teachers during EPIK's expansion. One didn't arrive until June 1st. Two more came on July 1st of that year. They were all in their 50's. March 2009, a few new teachers arrived on March 1st. March 1st, 2010, I moved to a larger regional city. But, my old country town not only had foriegners arrive on time again, but they were all in their 20's, every single one of them. No racial discrimination, but age discrimination big time.
Korea changed overnight because of what happened at the end of 2008. Pre 2009, there was internet, Daves ESL Cafe, and even (gasp) facebook. There was no flood of teachers into Korea pre 2009. It's the economy stupid. When US unemployment goes back to 4 to 5 per cent and things are made in America again like they were during the Clinton and Reagan era's, maybe things will get good here and the exchange will go back up.
I don't think things will go back to pre 2009, entirely. But will let up from now. Korea has been discovered, but if a grad has the prospect of a good career waiting for them, like pre 2009, that doesn't involve being a Starbucks barrista, numbers will go down. I'm guessing somewhere's between todays numbers and pre 2009's numbers. But, add in rising competition from China and the possibility of JET maybe expanding in Japan from 4500 teachers to 10,000 teachers over the next few years.
Pre-2009, less foreigners meant less competition and more power for us. Less foriegners and way more xenophobia, too. Post 2009, worse working conditions but more foriegners maybe making the public get use to us and less xenophobic. The bad news stories seem to oop up but maybe less paying attention? I've noticed a huge difference in the reactions from people in Korea over the last couple of years. |
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