Article pairing: The Economist on hyper-education in South Korea, and a NYT op-ed on its human costs - econ.st/1tAezGY - nyti.ms/1xm633J “South Korea’s education arms race poses a puzzle. Students spend vast amounts of time and money to move up in the queue for good jobs. But queues are needed only for things that are in short supply. Why should good jobs be rationed? The number of good employers should, in principle, expand in line with the scale and skill of the available workforce. [However,] as South Koreans see it, good jobs are indeed rationed. The university-educated aspire to work in the government and its allied enterprises, the banks or the chaebol, South Korea’s family-owned conglomerates. These employers provide the kind of secure, well-paid and prestigious jobs with which the rest of the labour market cannot compete.”
Posted on: Sun, 04 Jan 2015 01:44:14 +0000
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