Should South Korea Increase and Retain More Foreign Workers?
That is what this Bloomberg article is calling for:
Back in Seoul, officials appear more focused on addressing a cyclical slowdown than the broader shift in economic and social life. The Bank of Korea is on its way to zero interest rates and fiscal taps are being opened to buttress slowing activity. Yet only policies that create more people have a prayer.
That’s why immigration has to be part of the solution. Foreigners make up about 3.7% of South Korea’s population, according to an OECD report in January. While that’s low by global standards, the good news is that this proportion is growing fast. During a recent cross-country trip, I noticed that few of the servers at restaurants were local. Vietnamese, Chinese and South Asians took orders and whisked food to tables. “Without foreigners, work won’t get done,” Lee, the shop owner, explained. “Korean young people won’t do it; the few that are left here don’t want to do physical work.”
Many immigrants work in manufacturing, construction and retail, filling gaps left by aging locals. The risk is that foreigners get hemmed into low-paying jobs. Korea has attracted a lot of students from abroad in the past decade, but only 15% of graduates remain. More needs to be done to retain this talent.
Bloomberg
You can read more at the link.
Young Koreans struggle to find work but let’s bring more foreign workers. Great plan.
Flyingsword, it’s the same Cloward-Pivens plan leftists all over the world use to destroy strongbeconomies and enslave the people.
Koreans voted for Mooncup. They need to wake up and smell their own blood about to be sacrificed.
Prayer is the only /hibg that might work. Prayer for Divine Intervention to save them from what’s just around the next corner…
We know Koreans prefer vending machines and robots anyway.
J6; but how many prefer having a job?
They might have 100% employment in the Confederacy.