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1.Korean News & Trends/Social Issues

Revealed Salaries: The Struggles and Imbalances in the Job Market

by buzadaeja 2024. 7. 10.

 

Revealed Salaries: The Struggles and Imbalances in the Job Market

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Shockwaves from a YouTuber's Salary Reveal

Recently, a YouTuber garnered significant attention by revealing his annual salary. This individual, a production worker at a small company for 35 years, disclosed that his salary is a mere 30 million KRW. Despite frequently working overtime and special shifts, his low salary stunned many and sparked widespread discussion online.

The Youth's Preference for Large Corporations

Facing such harsh realities, young people naturally gravitate towards large corporations that offer higher salaries and better benefits. This preference results in small companies struggling to attract talent while large corporations face fierce competition among job seekers, leaving many young people unemployed. This employment market imbalance is becoming a severe societal issue.

The Great Divide in the Job Market

Small companies are desperate for employees, while job seekers aiming for large corporations struggle with high competition and unemployment. This situation exacerbates social stratification and economic inequality.

The Harsh Reality for Small Companies

Small companies are shunned by young people due to low wages and poor working conditions, which not only diminishes their competitiveness but also negatively impacts the overall economy.

The Tough Reality for Large Corporations

Large corporations, though offering dream jobs with high salaries and good working conditions, present an equally tough reality with their high competition, leaving many young job seekers unemployed and facing economic hardship and lowered self-esteem.

What Do Young People Want to Change?

So, what do young people in their 20s and 30s want to see changed?

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1. Fair Wage Systems

Young people desire fair and transparent wage systems. If reasonable salaries and working conditions are provided even in small companies, perceptions could shift positively.

2. Career Development Opportunities

They also want ample career development opportunities within small companies. Environments that offer education and training programs to enhance personal capabilities and build better careers are essential.

3. Balanced Work Environment

Work-life balance is crucial for the younger generation. Small companies that ensure such a balance will likely see an increase in young applicants.

4. Improved Social Perception

Efforts to improve the social perception of small companies are also necessary. Highlighting the various benefits and potentials these companies offer and building a positive image is important.

5. Policy Support

Government-level policy support is needed to improve the management environment of small companies and create various support policies to help young people find employment in these firms.

Conclusion

The employment imbalance between small and large companies is not just about wage gaps but also involves working conditions, career development opportunities, and social perception. Solving this issue requires efforts from both small and large companies, along with active support and interest from the government and society. Creating a healthy employment environment where young people can achieve their dreams and companies can grow is vital.