Below you will find pages that utilize the taxonomy term “K-Shaped Recovery”
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Youth Employment Crisis in South Korea: The K-Shaped Recovery
The stark contrast between youth and elderly employment rates in South Korea highlights a growing crisis that could have lasting implications for the economy. As the youth struggle to find jobs, often relying on their parents, the older generation is increasingly occupying roles in the workforce, leading to a record employment gap. This phenomenon, referred to as ‘K-shaped growth,’ raises concerns about intergenerational conflict and economic stability.
The pandemic has exacerbated this issue, with companies favoring experienced hires over fresh graduates, leaving many young people without opportunities.
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