The OECD of the Organization for Economic Cooperation and Development pointed out the situation in Korea, which is all-in-one for prestigious universities and regular jobs, as an expression of “golden ticket syndrome.” The obsession with prestigious universities distorted the education system, and the labor market, divided into regular and non-regular workers, reduced youth employment, marriage and fertility rates
The OECD released the 2022 Korea Economic Report on the 19th The OECD publishes a report containing policy recommendations by analyzing economic trends and policies of each member country every two years
In the report, the OECD pointed out that the “golden ticket syndrome” is prevalent in Korean society Individuals are making every effort to get their hands on low-probability golden tickets, such as conglomerates entering prestigious universities or government employment The OECD diagnosed that the golden ticket syndrome distorted Korea’s overall education and vocational training, leading to a drop in the employment rate of young people and a decrease in marriage and childbirth
“Jobs in youth have a lifelong impact in terms of income, pension, and social security,” the OECD said. “The benefits of succeeding in getting a job at a large company or government are very great, but otherwise the benefits are too small.”
The solution was to ease protection of regular workers and strengthen social insurance coverage for non-regular workers, and to reduce the influence of tests such as the College Scholastic Ability Test to increase youth employment He said that creating many other success paths, including start-up education, will reduce the preference for regular workers and prestigious universities, reducing their obsession with golden tickets
The OECD called for a modest increase in the minimum wage in the future, saying the sharp increase in the minimum wage exacerbates the situation of small and medium-sized companies responsible for 90 percent of youth employment The OECD said, “The minimum wage increased by about 30 from 2017 to 2019 and reached about 63 of the median wage in 2019,” adding, “This is relatively high among OECD member countries that apply the minimum wage, and this rapid increase would have been a burden on SME employment.”
Meanwhile, the OECD predicted that the government’s debt-to-GDP ratio, which is around 50 this year, will exceed 140 by 2060, but if structural reforms such as pension reform raise the starting age of the national pension to 68 by 2034, the debt-to-GDP ratio could fall to about 60 by 2060
Summary
1 Golden ticket syndrome expansion prestigious university lion job
2 If you can enter a large company, you can be compensated, but if you fail, it acts as a very large social instability factor
We need to stop building specs It is necessary to increase start-up education, reduce college admissions, and increase vocational education
4 We need to break down the gap between regular and non-regular workers
5 The golden ticket syndrome also reduces the capacity of SMEs and leads to job insecurity
6 Avoiding marriage and increasing non-marriage suggests a future that is unlikely even if the country makes efforts, not a trend of young people
7 The National Pension Service should walk more and give more
8 I don’t have time to praise myself while watching guppongtube like Japan is doomed Korea is really going to fail
