Improper Garbage Disposal

With often college graduates than pipelines, the g everyplacenment wrestles with what to do with themSouth Korea is beginning to wrestle with the unappetizing occurrence that too many of its young ar in college. Despite the very real success of its economy, the earth cant manufacture tolerable jobs for its graduates of which it produces a lot. Singapore, Taiwan and other Asian countries to some extent face the same glut. However, South Korea seems in a class by itself.Some 86 percent of all noble teach graduates go on to college, and most expect to graduate with a degree. About 3. 3 one thousand million students be enrolled in 347 universities by one calculation one of every 14 South Koreans is a university student. A teeming 80 percent of p bents fully expect their children to graduate with a degree. According to a try out by the Samsung scotch Research Institute, the number of students in college is actually lowering gain domestic product by a full percentage hea dland.The country is regularly faced with the odd phenomenon of newspaper stories about many of its b pay offest graduates who are forced to enroll in vocational schools in order to get a job after(prenominal) graduation including a recent story in the Korea Herald about a young fair sex with a degree in French who enrolled in a course to become a Starbucks barista. early(a) tales ca-ca philosophy graduates learning to become bakers. Fewer than half of those who graduated in 2010 had found full time jobs by the end of 2011.That has pushed the South Korean authorities to promote vocational skills as an secondary to college, with President Lee Myung-bak turning up to disseminate the Sudo Electric Technical High School in 20. Sudo is one of 21 so-called Meister Schools modeled on German vocational schools, that are creation funded by the government and which guarantee graduates jobs. However, critics say lots more essential be done and that in fact the entire education system must be redesigned. The 21 Meister schools are hardly enough, and the practical reading aspects of their curricula mean funding must be increased substantially over that of academic high schools.Certification systems for the students must also be introduced. According to the SERI study published last week, it is estimated that 42 percent of the nations college graduates are over-educated. Had those 42 percent bypassed college and started working immediately after highs school, according to the study, South Koreas gross domestic product would have been as much as a full percentage point higher. In addition, according to the study, maximum opportunity costs tuition plus forgone income from attending college total an estimated W19 trillion per year (US$16. 8 billion). That is W14. 77 trillion for four-year university graduates and W4. 24 trillion for two-year graduates. The average university graduate spends W119. 6 million (US$102,000) on his or her education and W53. 6 million for two-year college graduates.A college degree defines success, however, marginalizing high school graduates despite the fact that during the era of Koreas double-digit growth era, skilled technicians and craftsmen with high school degrees were credited with building the nations fundament and lifted manufacturing up to global standards. But today, even those better suited for technical skilled jobs right after high school feel compelled to pursue a university degree, according to the report. Over the past 10 years, corporate executives with only a high school degree have plunged to 2. 6 percent from 7. 2 percent. It is relatively easy to see why the young opt for college despite the crowded campuses. If half the graduates are on the street, the odds are about the same for those with a high school diploma, and after being postulated they are often headed for low-skill jobs.In 2011, according to SERI, the employment rate of young people with a high school degree only was 59. 1 per cent and those who were working were employed in low value-added industries and apprehend sales, services, technical and other such positions. Mechanical jobs and sales account for 38 percent and 32. 8 percent of working high school graduates, respectively. Consequently, high school graduates in 2011 had average monthly incomes of W1. 46 million (US$1250) 77 percent of that of university graduates and 90 percent of two-year graduates.Job security among high school graduates also is considerably lower compared to young college graduates, according to SERI. In 2011, 72. 4 percent of all employees with a university degree or higher were in permanent jobs while only 47. 3 percent of high school graduates had them. The job of righting the situation basically almost means turning South Korean society, if not the education system, crown down, according to the SERI report. One of the big problems, according to a study by Clark W.Sorenson for the Comparative Education Review, vocational sc hools, whether public or private, are generally considered less desirable than academic high schools by the public. At one point during the 1960s and 1970s, according to Sorenson, the government hoped to educate up to 70 percent of students in vocational schools to provide technically trained factory workers only to have parents rebel. Thus, changing both maternal and student attitudes will require comprehensive measures, including developing jobs in the base industries that are the cornerstones of Korean manufacturing engagement .SERI recommends that a specialized organization be established to connect high school graduates to the companies that would seek to hire them. The high school curriculum also needs to be redesigned to equip high school students with what the study calls ready-to-use skill sets, teaching problem-solving skills and a sense of responsibility. The SERI study recommends borrowing an idea from the United Kingdom, which in in 2008 introduced a diploma system t hat requires work experience for students 14-19 years in age to strengthen their race and job education.Companies must also be brought into the equation to identify jobs graduates can fill and to expand open recruitment of high school graduates. It will also be necessary to address discrimination against applicants who have not yet fulfilled the nations compulsory troops service requirement, the study notes. Businesses tend to avoid these applicants because of concerns over lost productivity. However, recent policy reforms should assuage their worries. For example, high school graduates now may defer their military service for four years.The point that needs to be made, however, is that Korean society has astonished the world with its world power to pivot and go in entirely new ways. It is not out of the realm of possibility that the country will go ahead and institute the reforms with the alacrity that got it this far, this fast. Set as favorite Bookmark telecommunicate This Hi ts 5741Comments (2)Subscribe to this comments feed Re Graduate Unemployment written by Rob Schackne, June 11, 2012 We are seeing a quasi(prenominal) situation in urban China today, where the masses of graduates face an increasingly alarming dearth of jobs.Where vocationalization, or else than education, has also got a bad smell. University graduates are waiting tables though poorly. But I wonder what government initiative was it that beckoned forth all those young people into a dream of white-collar office work. Was it prosperity, the tiger miracle? Dont get me wrong, education is a beautiful thing. Id prefer to ride in a taxi compulsive by a well-educated French major than a taxed cretin. The conversation will be much better, and all that resentment is a good story that passes the time.