unemployment

Hopeful Wishing

 

I work four hours a day in Korea. It’s great. In the States I’d be working more than twice that to maintain the same income. Even more hours would be needed to realize the same lifestyle I enjoy here (nothing outlandish, I assure you). The Koreans with whom I work are not paid as much as I am for the same work. They work more hours than I do as well.


Deficit Hawks Miss the Point

Those who want to target the housing market or take a scalpel to military spending and subsidies can take heart from a real argument about how the budget deficit affects jobs.


Korea’s Captain Planet and other jobs.

The world is still reeling from the economic crisis. Unemployment in the US is just under 10%, England and France  are not far behind with almost 8% (April 2010). Greece’s economy has been in turmoil with a rescue package drawn up to save them. And what of Korea? Their unemployment is almost half of England at 3.8% (April 2010), so what are they doing different? With electronic giants Samsung and LG, car manufacturers KIA and Hyundai, they are contributing to Korea’s expanding workforce with their desire for a bigger global share in their respective markets.

One way to keep unemployment low in a country is to remove all bins in populated areas, that way people are either forced to carry their rubbish further, therefore increasing their journey or they can drop it.


The Week We View - Mar 8th

>Economy got you down? Money a little tight? Worry not dear readers. The trip to hell in a hand basket is free --but seating is tight.>Unemployment rose to 8.1% this week, a 25-year high, with 651,000 jobs being lost in February alone. Experts expect the economy to shed a total of 2.4 million jobs this year exceeding 9% in overall unemployment. The good news? Spring is here --enjoy the time off.>

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