2023-06-11 16:11:39
Average annual growth rate of 2.5% over 10 years
Lack of quality jobs for young people
Reasons for seniors’ business closure and recommended resignation
It was found that the number of ‘involuntary part-time workers’ who unwillingly sought part-time jobs such as part-time jobs increased by nearly 230,000 over the past 10 years. The average annual growth rate of involuntary part-time workers (2.5%) is regarding twice the growth rate of all wage workers (1.4%), indicating that the quality of employment has deteriorated.
The Korea Economic Research Institute under the Federation of Korean Industries announced on the 11th that the number of involuntary part-time workers increased by 227,000 between 2012 and 2010 from 1.02 million last year as a result of analyzing microdata from the National Statistical Office. An involuntary part-time worker is a worker who is willing to work more hours, such as a full-time job, but has no choice but to choose part-time work because he cannot find a suitable job.
While the total number of wage workers increased by 15.1% from 17.185 million in 2012 to 19.776 million last year, the number of involuntary part-time workers increased by 28.6% (793,000 → 1.02 million).
Looking at the rate of increase in the number of involuntary part-time workers by age group, those in their 50s and older increased from 287,000 to 470,000, an annual average of 5%. During the same period, the number of young people (15 to 29 years old) increased by an average of 2.5% annually from 227,000 to 290,000, and by 0.7% annually from 97,000 to 104,000 in their 30s.
In particular, over the past 10 years, the number of livelihood part-time workers who have chosen part-time jobs for the reason of ‘immediate income such as living expenses’ has increased rapidly among young people. From 71,000 in 2012 to 134,000 last year, an annual average increase of 6.6%. The number of people in their 50s and older increased from 234,000 to 361,000, an annual average of 4.4%. For those in their 30s and 40s, the average annual decline was 1.7% and 4.4%, respectively. Last year alone, 6 out of 10 (60.8%) were ‘part-time workers for livelihood’.
The Hankyung-yeon announced that the proportion of involuntary part-time workers out of all part-time workers in Korea reached 43.1%, ranking 7th among member countries of the Organization for Economic Cooperation and Development (OECD), following Italy, Spain and Portugal.
Choo Gwang-ho, head of economic policy at KERI, said, “In order to create many high-quality jobs, it is necessary to improve the vitality of the private sector through regulatory reform and to alleviate the rigidity of the labor market.”
Reporter Lee Je-hoon
1686503256
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