<Anchor>
500,000 youth jobs disappeared in the past month alone due to the coronavirus.
The economy is so bad that there is no place to hire people, so the time it takes to find a job is inevitably longer.
However, when we investigated the generations that had suffered from the foreign exchange crisis in the past, it was found that even if the job search period increased by just one year, the wage gap widened as time passed.
It is not a problem that will end this year.
Reporters Ahn Seo-hyun and Choi Jae-young deliver the stories of these Corona generations in turn.
<Reporter Ahn Seo-hyun>
[Ryu Na-young/26 years old: When I was an unemployed person, I looked for a job search site and didn't sleep. I did it again in a few months.
Honestly, it's too hard, but I have to endure well, right?
I think I applied for 30 places...
] After a
long unemployed life, I got a job, but I came back in just 7 months.
It wasn't that it was cut off by mistake, but because of the corona, the company was completely closed.
[Ryu Na-young/26 years old: (CEO)] He said,'I think I have endured enough, I think I will have to find another job.'
] The
Corona generation calmly leaves the record of the unemployed life as a vlog video that they might not be embarrassed about.
This resignation vlog is in vogue in the same generation, gaining sympathy.
[Ryu Na-young/26 years old: When I saw'Are you thinking the same thing as me?' and'There are so many people who are not different from me', I thought,'When it's so hard, you'll need empathy after all.'] As
far as
I'm
honest, this V. The logs represent the economic face of the Corona generation.
[Choi Woo-Hyun/30 years old: I was an infant physical education instructor who teaches physical education classes, but because of the corona, I haven't been able to attend classes since April as my children (kindergarten) haven't been able to attend classes.] I have
to earn living expenses by working part-time
, but I have
to make a delivery service in the morning The seeds are dry.
[Jang Soo-bin/26 years old: When it comes to 6 o'clock, more people take the elevator, so I have to finish it before 6 o'clock.
Well…
(Courier delivery) There are many.]
There is no income at all now as the confirmed person and the traffic line overlap and self-isolate.
[Jang Soo-bin/26 years old (self-price ratio): I don't have any money saved, and I'm worried about living right now.
The most frustrating feeling of anxiety is that there is no promise.]
Young people, who must take a strong first step toward society, are sitting in front of the frozen job market.
[Seon Hye-ryeong/22 years old: In the past, I felt a little like'If I graduated well and just started looking for a job, something will naturally open up', but now I'm thinking about'Is there a place for me?'
] Although the
employment season has come, the'corona generation', who does not have the opportunity to fill in an application or fall out, is likely to fall into the so-called'lost generation', which means that they are alienated from the job market and become poorer than their parents' generation.
Why?
Let's go back to the IMF economic crisis and the 2008 financial crisis.
<Reporter Choi Jae-young>
[Jean
Jae-
cheol/KB Securities Chief Researcher (2008): Foreign investors' recovery of investment funds and a sharp decline due to psychological factors...
]
[Jae-cheol Jang/Senior Researcher at KB Securities (2020): Back then, I came from the financial sector, this time the shock was lockdown, economic blockade] A
young man who was looking for a job during the 1997 financial crisis, the 2008 global financial crisis, and such recession There is a long-term analysis of how economically difficult they will become in the future.
During the recession, people are not hired, so the period of job search is increased.
However, even if the job search period was extended by just one year, the wage gap grew larger and larger over time compared to the same age group employed when there was no economic downturn.
In terms of college graduates, wages were lowered by 7.3% for 10 years after entering society.
It was 4.2% based on college graduates.
In particular, even if companies cut their wages, there are many cases where urgent workers find a job despite low wages.If the first job wage is about 10% lower than those who were employed before the recession, they will not be able to work in full-time jobs after 10 years. The probability has increased by 25%.
This situation has negatively affected the entire life, such as marriage and childbirth.
[Han Joseph/KDI Research Fellow: It's not just a matter of 1-2 years.
Even if the economy recovers, it will have a very long-term effect for more than 10 years…
]
Even now.
420,000 youth jobs were lost in April alone, when the corona spread, and 500,000 youth jobs in September, when the aftermath of re-proliferation hit.
[Lee Geun-Tae/LG Economic Research Institute Research Fellow: I am somewhat frustrated and gave up on the future as the corona shock overlaps, and I am very concerned that these trends will spread...
]
As the workable population for economic activity decreases, the role of younger generations is becoming more important, so it is urgent to come up with measures to improve their economic situation.
(Video coverage: Lee Byeong-ju, video editing: Park Ji-in, CG: Hong Seong-yong, Choi Jae-young, Lee Ye-jeong, Seong Jae-eun, Jung Si-won, VJ: Jeong Young-sam, Jeong Han-wook, Kim Cho-a)