Re:South Korea: The only middle power of its kind
by bobthepanda on Wednesday August 04, 2021 @12:41PM
(#28063119)
The nice thing is that at least having started out on this path in the US, it is fairly easy to opt out and have good incomes.
I didn't get into any of my Ivy first choices and ended up going to a mid-tier state school and still wound up living well, except without the massive private debt burdens of my peers.
This is different from South Korea or most of East Asia. South Korea's unemployment rate among graduates is pretty high and underemployment even higher, because the system is producing too many university graduates. From Wikipedia:
> As of 2007, 80% of college graduates were job seekers while only 30% of jobs demand highly educated workers.[7] With the recent overabundance of high school and college graduates,[8] the requirements of the labor market mismatch the skills provided by the education system.
I didn't get into any of my Ivy first choices and ended up going to a mid-tier state school and still wound up living well, except without the massive private debt burdens of my peers.
This is different from South Korea or most of East Asia. South Korea's unemployment rate among graduates is pretty high and underemployment even higher, because the system is producing too many university graduates. From Wikipedia:
> As of 2007, 80% of college graduates were job seekers while only 30% of jobs demand highly educated workers.[7] With the recent overabundance of high school and college graduates,[8] the requirements of the labor market mismatch the skills provided by the education system.