<Anchor>
Reporter Kwon Ae-ri's friendly economic time.
Reporter Kwon said that the job problem is getting more and more serious due to the prolonged Corona 19, especially in the sectors that seemed relatively stable in the beginning.
<Reporter>
Yes.
Data from the Korea Development Institute KDI have been published that have extensively analyzed the topography of our jobs after the coronavirus.
The first thing that stands out is that after March this year, when Corona 19 spread markedly, and after August when the re-proliferation appeared, jobs are clearly being cut right away.
At first, the shock is immediate in the service industry, where the less people wander around and the less they meet each other, the sooner they are affected. Even in the phase when the first corona spread has subsided to some extent, the extent to which jobs that have been hit show signs of recovery is as seen now. As it was, it was insignificant, and after re-proliferation, it collapsed back to the first shock level, as you were familiar with.
KDI estimates that there are 1.08 million jobs in April and 830,000 in September.
On top of that, as you can see from this table, besides the service industry, which is not recovering after a dramatic decline, the manufacturing jobs, which have been relatively stable, are clearly showing continued sluggishness.
<anchor>
Manufacturing jobs seemed to be relatively stable, but even those manufacturing jobs seem to be affected a little. This is a situation like that, in this situation, the sluggish domestic demand, so the tendency of people to spend less money is probably affecting.
<Reporter>
Yes.
It can also be said that the recession is in a more structured way.
People who would have been able to change TVs or buy cars on installments became difficult to spend, and from then on, everything from automakers to hundreds of related parts companies would be affected.
The world in general now can't spend money the way it used to be.
Therefore, the damage to our manufacturing sector, which has a high proportion of exports, is accumulating and jobs are steadily disappearing.
This is where the structural problem begins.
If Corona 19 ends tomorrow, then the service industry may be prepared to return relatively quickly.
For example, the number of customers was so small that one salon was closed. Even if it is difficult to open the salon right away, the hairdresser will be able to earn income by reopening even on a business trip.
But it's a factory, once production scale down, machines down, or shut down, it's hard to recover so quickly.
Not only the traditional manufacturing industry, but also industries such as advanced manufacturing, information and communication, and technology services, which require skilled technicians collectively referred to as the knowledge industry, show the same characteristics.
And there is something that workers in this high-income industry create service jobs again. When these people try to eat out, get some massages, and spend more children's academies, jobs can be created.
Researcher Lee Jong-kwon of KDI, who published this report, said that if there is one job in the traditional manufacturing industry, it has the effect of creating 0.9 local service jobs, and knowledge industries such as high-tech manufacturing have a greater effect, so if one job increases there, service jobs will be I saw that there was an increase of 3.2.
It is estimated that 160,000 jobs have disappeared from the manufacturing industry by September since the coronavirus.
If this trend is prolonged, fewer people will be able to spend a lot of money even if the corona is over, and it will be difficult for those people to come back quickly, which could further slow the overall economic recovery.
[Jong-Kwan Lee/KDI Research Fellow: In the case of the trade industry (manufacturing industry, knowledge industry, etc.), the number of jobs by itself is not large, but it plays an important role in job creation in the overall economy because it has an employment multiplier effect that creates additional jobs in the local service industry.
<Anchor> In
fact
, it must be a
very frustrating situation for the government as well, but in this case, what kind of countermeasures will we have to come up with?
<Reporter>
This report presented a kind of two-track approach.
The first priority should be to focus on supporting industries and businesses so that jobs in the manufacturing and knowledge industries do not shrink, so that workers in these industries can retain jobs so that they can contribute to the creation of additional jobs in the future.
For example, he said that it would be better to continuously pay the employment maintenance subsidy.
However, I thought that it was correct to treat companies differently by distinguishing between companies that would have been healthy except for Corona and companies that were originally insolvent but said to be due to Corona.
On the other hand, in the service industry, I thought it would be more efficient to focus more on people directly supporting the vulnerable.
Cash aid, such as disaster aid, can be considered to belong here.