Slim Prospects, Harsh Realities: Asia’s Youth Employment Crisis | CNA Correspondent

Asia is the fastest growing economic region. But its youth are struggling with a jobs crisis. Unemployment rates are significantly higher for them, while those who have jobs are often unhappy and overworked.
In Malaysia, a lack of opportunities and a weakening currency are driving many of its bright young talents across the Causeway to neighbouring Singapore. The exodus is worsening its labour crunch, especially in the state of Johor. In highly educated and hyper-competitive South Korea, college graduates are fighting over a shrinking pool of well-paid positions, by taking more courses and exams. Many fail to secure a job after a year, even with a master’s degree and multiple internships under their belt. In Japan, long hours and a lack of work-life balance remain the norm. But a post-pandemic reset and shifting attitudes among the younger generation are slowly driving change.
We look at how the employment crisis is impacting Asia’s youth in this week’s episode of CNA Correspondent.
0:00 Introduction
00:37 Malaysia’s brain drain: '40-55% want to work overseas'
09:30 South Korea’s jobseekers: 'Everything needs to be top-notch'
14:02 Japan’s work culture: 'I am tired, this is how it is'
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About CNA Correspondent: Highlights of news stories and features by CNA's network of Correspondents based in major cities across the region.
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Пікірлер: 305

  • @Onion_Knights
    @Onion_Knights14 күн бұрын

    why difficult to look for a suitable job in Malaysia? 1) Age restriction, most companies dont want someone aged 35 or older. or younger ones without experience 2) salary vs what companies want you to do or ur qualifications 3) toxic managers or workers demand alot of things but never comes to work 4) incompetent Managers, expect someone just joined the company knows what need to do without giving them proper guidance. 5) require all sorts of qualifications even for minor/ easy work 6) managers sets absurd targets for sales team even when they barely achieving the previous target Ive worked in many places, i can survive overseas, but not Malaysia

  • @kingseiryu929

    @kingseiryu929

    14 күн бұрын

    Don't want 35 or older? Their CEOs all 28 years old ar lmao. Pre 30 I was still barely able to manage people. They expect to compete with international companies with this kind of calibre?

  • @Onion_Knights

    @Onion_Knights

    14 күн бұрын

    @@kingseiryu929 dont want new recruit of 35 years or older. thats the thing, they still have that kind of mentality

  • @kingseiryu929

    @kingseiryu929

    14 күн бұрын

    @@Onion_Knights as in even if the 35 years old is very experienced? Management level?

  • @Onion_Knights

    @Onion_Knights

    14 күн бұрын

    @@kingseiryu929 nope, any kind of jobs. they will be very specific, younger than 35, dont care experienced or not

  • @amanrush7722

    @amanrush7722

    14 күн бұрын

    Spot on.

  • @Gaming_Antics
    @Gaming_Antics14 күн бұрын

    Youth unemployment is a worldwide problem. Companies are hiring less and expecting workers to work like 2 people in a day with minimum pay.

  • @mktf5582

    @mktf5582

    13 күн бұрын

    Lowering retirement age would help/free up work spaces for multiple younger/generations.

  • @persada5913

    @persada5913

    13 күн бұрын

    Blame the greedy capitalists!

  • @AlanSmith88888
    @AlanSmith8888814 күн бұрын

    Its a global thing. Not just asia.

  • @waterbug1135

    @waterbug1135

    13 күн бұрын

    Global gender thing.

  • @kencarsula3307

    @kencarsula3307

    12 күн бұрын

    It didn't say unique to Asian youths.

  • @huhwhatjason

    @huhwhatjason

    6 күн бұрын

    Which is why the rallying cry that the US and its lackeys, including Singapore, are working so hard to extinguish from people's minds is "Workers of the world, unite!"

  • @sulatt21
    @sulatt2114 күн бұрын

    I am starting to think all school system should train our youth to be able to start their own businesses and become more practical instead of training them to be corporate employees. Especially we are in the era of uncertainties.

  • @damnnsupercalifragilistice3935

    @damnnsupercalifragilistice3935

    14 күн бұрын

    There are entrepreneur courses to replace FYP (choice) but the opportunity cost is too high where grades mean everything to students

  • @HanzBergman

    @HanzBergman

    12 күн бұрын

    I `think` american schools should shut their doors for the last time because american education is worthless!

  • @lleon1275

    @lleon1275

    11 күн бұрын

    I have to say that not everyone suit to start business.

  • @sunrevolver

    @sunrevolver

    10 күн бұрын

    School by historical design is to "train" worker

  • @la4828

    @la4828

    10 күн бұрын

    Because they want less competition.. this is how they keep themselves in power. It is up to the individual how to get close to that top tier percent.. a lot of these people applies the 48 laws of power.. if they really want a lot of regular folks to be as successful as them- there wouldn’t be normal folks in the street.

  • @alexbr550
    @alexbr55014 күн бұрын

    Not just in Asia, Ive been struggling to find a job for months here in the US.

  • @kingseiryu929

    @kingseiryu929

    14 күн бұрын

    Sorry to hear that, I really hope things get better soon

  • @Azel247

    @Azel247

    14 күн бұрын

    But the government tells us that the labor market is tight and there are too many jobs and too few workers

  • @chaikagaz

    @chaikagaz

    14 күн бұрын

    Thats because increasing wage means you need a higher skillset to get hired and companies use AI to pick thru resumes that sound boring.

  • @___beyondhorizon4664

    @___beyondhorizon4664

    14 күн бұрын

    I'm feeling it's more about age discrimination lately

  • @dechenrabgyal7646

    @dechenrabgyal7646

    14 күн бұрын

    That's coz u r busy watching KZread, puts yours ass to work

  • @greenmarin3
    @greenmarin38 күн бұрын

    38 struggling to find work here in Aus too. It’s definitely global.

  • @onexoxtoo
    @onexoxtoo14 күн бұрын

    If employment prospect is bad, then dwindling population is the right direction.

  • @maxrebo8455

    @maxrebo8455

    12 күн бұрын

    You’d think so, but there’s lower domestic consumption so less business. People 18-45 or so are the big spenders.

  • @dirremoire

    @dirremoire

    9 күн бұрын

    ​@@maxrebo8455 Less consumption= fewer workers. Decline in population = fewer workers. I don't see the problem

  • @haridasification
    @haridasification14 күн бұрын

    Entrepreneurship is the way forward as all big companies have become too rigid in their expectations

  • @ongsengfook
    @ongsengfook15 күн бұрын

    Liew talked nonsense. Malaysians have been flocking to Singapore to work for decades. Even when the exchange rate was 1:1 in the 70s.

  • @Aggrofool

    @Aggrofool

    14 күн бұрын

    Nah not 70s. 80s yes.

  • @kengleetan63

    @kengleetan63

    14 күн бұрын

    And now at 3.5 to 1 and rising, the locals in Singapore are...finished in their own job market! Song boh?😆

  • @stevethea5250

    @stevethea5250

    14 күн бұрын

    timestamp

  • @dt3688

    @dt3688

    14 күн бұрын

    @@kengleetan63Malaysians can’t compete with Singaporeans

  • @Kash-is-King

    @Kash-is-King

    13 күн бұрын

    @@kengleetan63 CNA, the Singaporean state-owned media outlet, is at it again! Laying out the "troubles" in its neighbouring countries, implying that employment situation in Singapore locally is all well and good... Seriously us from your neighbouring countries are tired of these propaganda videos by CNA...

  • @Shaftalooooo
    @Shaftalooooo15 күн бұрын

    Same sh***t is on going here in UK as well. People are moving to AUS or NZ for better pay

  • @milesinnz

    @milesinnz

    14 күн бұрын

    as Kiwis leave for Australia...

  • @sowhat3430

    @sowhat3430

    14 күн бұрын

    No just UK and NZ, seems 1/3 Bhutan population working in AUS now, no mention that Indian has become the largest immigrant population recently

  • @mktf5582

    @mktf5582

    13 күн бұрын

    Australia is going through same cost of living crap as well though.

  • @milesinnz

    @milesinnz

    13 күн бұрын

    @@mktf5582 the effects of immigration on rental and property prices.. why does Japan not have this problem = no mass immigration

  • @kuanyee1624

    @kuanyee1624

    8 күн бұрын

    LCT & other politicians are still 😴😴😴😴

  • @Kunga-re8eg
    @Kunga-re8eg14 күн бұрын

    I’m German in my mid 30s. Took a career break for 3 years. Sent out many resumes, none came back. My grades were good. Wasted my time in school

  • @John_Smith_86

    @John_Smith_86

    14 күн бұрын

    I mean, you are blacklisted due to your extreme unemployment of 3 years. Your good grades is immaterial now.

  • @sobsag

    @sobsag

    13 күн бұрын

    @@John_Smith_86 Blacklisted for mere 3 years is just ridiculous.

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    @@sobsag I think maybe you are unfamiliar with the corporate world, or come from Europe? 6 months is the typical guideline for a soft blacklist. 3 years is so extreme that he probably cannot find normal employment anymore at a decent rank. It is roughly similar to a mid-tier non-violent crime

  • @sobsag

    @sobsag

    13 күн бұрын

    @@John_Smith_86 No it's not. Your information is outdated. I mean just listen what you are saying. It's absolutely ridiculous.

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    @@sobsag Well, not sure how to convince someone who sure he is right. Lolz. Shrug So you are a young fellow then?

  • @cbtan7348
    @cbtan734813 күн бұрын

    worked in japan for two years, in a factory. if not back before 5.30pm , boss would ask why you are not back? by around 6pm, office almost empty. whereas in Malaysia, 6pm the office still very lively. and went for a business trip in sister plant in China before, by 5pm, office almost empty also. they needed to catch bus or train. so different from what media portrayed.

  • @khor1992

    @khor1992

    12 күн бұрын

    quite interesting to see that there are chill places in other countries it seems

  • @maxrebo8455

    @maxrebo8455

    12 күн бұрын

    Back before 5:30pm doing what? Grabbing a coffee, going to the bathroom? Our place in Melbourne is dead by 4:30pm - they’re on the train home or at the pub or whatever it is that they do after work. If my hours are 9 to 5 I’m not going to hang around all night because there won’t be anyone there anyway, that would be weird.

  • @forlandut9353
    @forlandut935314 күн бұрын

    Internship is a legalized underpaid full time worker

  • @kalliskivike

    @kalliskivike

    13 күн бұрын

    Internships in my country is mainly unpaid aka legalized modern slavery :)

  • @sumukhshankarhegde2853

    @sumukhshankarhegde2853

    6 күн бұрын

    Unpaid bro

  • @user-mz6iy5ip9o
    @user-mz6iy5ip9o15 күн бұрын

    Coming soon / is ongoing to the USA & Europe as well

  • @jerryn9690

    @jerryn9690

    15 күн бұрын

    Asia is always two steps ahead. Look at South Korea and Japan for the future

  • @travellerswill

    @travellerswill

    14 күн бұрын

    Well said exactly correct. The fake media just wants to point the issue to somewhere else. The only difference is in Asia, its more of a cultural perception. The only thing is that in the US, youth unemployment could be lower because lots of people are on Only Fans and making money there, whereas in Asia, girls are less incline to do such a thing (not saying there is none, but the number would be smaller than say in the US). Only Fans solves youth unemployment hahaha

  • @lexus3983

    @lexus3983

    14 күн бұрын

    ​@@jerryn9690I don't think those two countries are the best place to migrate if you're coming from Malaysia since most of the openings are factory workers 😂

  • @user-bw3vu4yc9w

    @user-bw3vu4yc9w

    14 күн бұрын

    usa and europe? thats ur father and grandfather era

  • @wojtulacehoe5089

    @wojtulacehoe5089

    14 күн бұрын

    More like it has already happened in europe 20 years ago. Eastern europe's young people migrated to the western europe.

  • @joe-vl3nd
    @joe-vl3nd14 күн бұрын

    Same in South America expat 🇬🇧 lives in Colombia 🇨🇴 wages low high Unemployment

  • @pokeypickle3
    @pokeypickle313 күн бұрын

    Due to over population in the entire world, the rules of society just keeps getting worst. It’s a downward spiral for each new generation. (Imagine how climate change makes things worse due to human over population greed). These beliefs have failed me economically in life and now I have paid a big penalty for these decisions I made more than 26 years ago. 1): Health is first. Exercise takes priority over “over-time” or “dedication” 2): Don’t have children. Having no steady relationship is even better. It saved me lots of money during my early twenties 3): Companies don’t respect your boundaries. Make sure at least you respect them and enforce them, regardless of consequences 4): Lower expectations, live a simple life and say *#$#$& you to society’s expectations If I didn’t follow the above rules, I might have a “secure” life but I probably be dead with diabetes, heart attack or something bad

  • @patriciavandevelde5469

    @patriciavandevelde5469

    5 күн бұрын

    I travelled the world and you are so rite! Overpopulation everywhere! Look at China,Nigeria, India pffffffffffffffft why don t the governments start sterilisation sterilisation?????

  • @jameshowardwilliamson5043
    @jameshowardwilliamson504314 күн бұрын

    At the same time they said we faced the low birth rate that burden on our economy and growing in older aging population

  • @Sakazuki_Bepu
    @Sakazuki_Bepu14 күн бұрын

    1 year after graduating, i'm contemplating life and why do i even alive

  • @hiatusinc

    @hiatusinc

    4 күн бұрын

    I make seven figures and I tried to hang myself last year. The grass is not greener on the other side

  • @meryllamistoso
    @meryllamistoso13 күн бұрын

    japanese girl isn't representative of jp workers, shes quite "tatemae" because she needs to carry her company's brand. in local news, people are apprehensive, prices has been skyrocketing, japanese salaries are among the slowest in the developing countries, weak yen. it's almost a universal consensus here that working abroad is better! i cannot disagree tho that japan is a great place for leisure and safe travel

  • @georgelan9985
    @georgelan998515 күн бұрын

    Sry, I think that sh*t happens all over the world.

  • @msJjbluematrix

    @msJjbluematrix

    15 күн бұрын

    When i watch these vids I'm like 'This sounds familiar.' Same here at home. A whole bunch of college grads and no jobs for quite a few

  • @hoppro1

    @hoppro1

    12 сағат бұрын

    Here in Germany we have this problem soon:(

  • @KE-xj9vm
    @KE-xj9vm13 күн бұрын

    I’m teach at a university in Melbourne Australia and also consult to small businesses, and see so many students struggle to find work, especially international students looking to stay. And at the same time I see small businesses constantly struggle to find suitable and reliable staff. There definitely seems to be a flaw in the system

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    Maybe work visas?

  • @esense9602

    @esense9602

    12 күн бұрын

    looking for experience while wants a minimum wage, I believe.

  • @maxrebo8455
    @maxrebo845512 күн бұрын

    This may have been answered, but in South Korea isn’t it better for grads to work at a lower salaried SME for a few years and then try for one of the Chaebols? Or is it like Japan where job hopping is still frowned upon? I couldn’t get a job, any job when I was a teenager who was struggling with undiagnosed ADHD and mild autism - different reasons for unemployment but I do sympathise with kids now.

  • @roro4787
    @roro478714 күн бұрын

    Its not just Asia, its so hard to find a job in Germany too 😢

  • @marianne7356

    @marianne7356

    14 күн бұрын

    In what industry ?

  • @Ayquehambre
    @Ayquehambre15 күн бұрын

    Rise in blue collar job demand?

  • @Pasador528
    @Pasador52812 күн бұрын

    it is a simple supply and demand problem. So many people with degrees, it means there is an oversupply of labor in relation to the demand for workers in the market, so not many jobs and not well paid.... However, there are many vacancies in the "trades", no electricians, no plumbers, no gardeners... so those professions' wages are going up due to the scarce supply. The problem is the excess college graduates

  • @yunfeng2205
    @yunfeng220515 күн бұрын

    Not specifically intended to praise the government, but SG indeed has more job opportunities. This is due to multiple factors which other countries cannot replicate easily. However, with AI and more intense work global challenges, I don't take for granted that this will last forever. Just be prepared for the worst-case scenario.

  • @gmshadowtraders
    @gmshadowtraders9 күн бұрын

    Respect to Malaysia! Respect to Singapore!

  • @TESkyrimizer
    @TESkyrimizer15 күн бұрын

    Wealth hoarding by billionaires is a money addiction that is literally crippling our world.

  • @blazingfire_0712

    @blazingfire_0712

    15 күн бұрын

    Merchants have come to own much of the world’s wealth. It used to be that the kings own the wealth of their land, then the state, but now the merchants (aka corporates).

  • @camgere

    @camgere

    15 күн бұрын

    Become a billionaire and unhoard your wealth.

  • @user-ec8uy3qp8m

    @user-ec8uy3qp8m

    14 күн бұрын

    When you are unable to earn billions, the best solution is to blame the billionaires eh. 😝

  • @KS0102

    @KS0102

    11 күн бұрын

    ​@@user-ec8uy3qp8mthe greed mindset will send humans spiraling into societal decay. Oh wait it already has.... I'm sorry past generations brainwashed you with the billionaire mindset. They didn't understand what they were doing or understand the repercussions.

  • @Riu-bw4bl
    @Riu-bw4bl9 күн бұрын

    Its weird how almost every country is having similar problems right now. From housing, schooling costs, cost of living, jobs, you could mention these as a problem and you would not know which country you are talking about. Either we all are in a global depression or the way we run our system has led us here and is not working

  • @Paul-H-Wolfram6608
    @Paul-H-Wolfram660814 күн бұрын

    Singapore youth employment crisis will be worse in a couple of years from now because Singapore open its gate wide open for many foreign talent to come take up the local jobs. And moreover many different country's talent would want to come to Singapore to work due to the strong Singapore dollar. Its going to be bad for Singapore youth, we'll see.

  • @alyahamzah1952

    @alyahamzah1952

    13 күн бұрын

    Why wont they employ their own citizens first? Or is it because those jobs are not the ones locals want anyways? Im sure there is a constant demand for house maids. Do Singaporeans want to work as a live in maid?

  • @fresred

    @fresred

    12 күн бұрын

    @@alyahamzah1952 It is simple. When you do project work in school, do you team up with your friends or do you team up with other people you never work with before, if you had the choice? Same concept applies at work. Why are you talking about maids? Everyone in Singapore wants to have career progression, find a better job and upgrade. Yet people like you like to use sweeping statements and examples.

  • @Paul-H-Wolfram6608

    @Paul-H-Wolfram6608

    8 күн бұрын

    @@alyahamzah1952 Most Singapore youths have good education and they want a job that suit them according to their education level, how can you expect them to work as a domestic maid with their education level. You cannot compare them as those foreign domestic maids.

  • @sr3821
    @sr38214 күн бұрын

    There are 2 things that governments all over the world need to do to help world economy: 1. Education system revolution 2. Land ownership system revolution

  • @TerryJulianLive
    @TerryJulianLive9 күн бұрын

    Malaysaia has a backward mentality to work. I lived in the country for 94 days as I traveled the world. The country is outdated in technology and mindset and needs to do more for its young people. The youth are bored, have little to keep them occupied and will always ask you questions about how to get to america or europe.

  • @wumao6797
    @wumao679714 күн бұрын

    What to do govt make everything so expansive. Old people that are supposed to retire now money not enough lanlan have to work. Hence that space that is open to the younger generation is taken up by older gen that is still working and cannot afford to retire.

  • @ivantan7654
    @ivantan765413 күн бұрын

    Envious of malaysians having us as a neighbor....how i wish i can simply cross the causeway for a ez 3.5x on my salary without providing any additional value. Global arbitrage at its finest.

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    You can go live in Malaysia for your retirement

  • @ecs1e

    @ecs1e

    12 күн бұрын

    You were born into the 3.5x for free, other people have to work for it, crazy how you try to paint privilige as victimhood.

  • @Kunga-re8eg

    @Kunga-re8eg

    11 күн бұрын

    Many msians come sg look down on sgps, thinking once they r newly minted as citizens, get their hdb, retire comfortably as winners back in 3.5 bolehland.

  • @ecs1e

    @ecs1e

    11 күн бұрын

    @@Kunga-re8eg Look down in what way?

  • @chrisredd214
    @chrisredd21414 күн бұрын

    Frankly this all makes sense. In the US it is not as bad but it is also more or less the same. This is what happens when you have two things. Resources are held nearly captive by small groups of people. You don't have policy that focuses on empowering youth outside of education.

  • @wshyangify
    @wshyangify14 күн бұрын

    Support local businesses who hire Singaporean. Boycott greedy businesses that profit from cheap foreign imports.

  • @Cysecsg

    @Cysecsg

    14 күн бұрын

    Give you pay raise you want or not? Who don’t want more money? Instead figure out what you can bring to the company that others can’t. Government has done their job in screening foreign workers and increasing levy. What have you done?

  • @kengleetan63

    @kengleetan63

    14 күн бұрын

    ​....local Sinkie are not competitive in the job market. Want high pay, work short hours, want flexi, WFH. Foreigners are replacing them to 94.5% in 2023 alone!😆

  • @Miguel-ly4bm

    @Miguel-ly4bm

    14 күн бұрын

    Are you cool with paying higher prices for services and goods?

  • @wshyangify

    @wshyangify

    14 күн бұрын

    @@Miguel-ly4bm I'm cool with the minute portions of what I'm paying for going towards salaries of my fellow countrymen than towards high rentals from global conglomerates

  • @Cysecsg

    @Cysecsg

    14 күн бұрын

    @@kengleetan63 exactly. I’m singaporean and totally agree with you.

  • @enterthenameyo
    @enterthenameyo13 күн бұрын

    Also idk why there are so many comments going "uhh actually it sucks for our countries too!" as if the video is saying it's only happening in Asia

  • @___beyondhorizon4664
    @___beyondhorizon466414 күн бұрын

    Employees flock to higher paying jobs, is nothing new. Businesses just have to compete by paying more to attract talent. We all have bills to pay! My first job was many decades ago, the boss said, if you pay peanuts, you'll get monkeys 🙈

  • @milesinnz
    @milesinnz14 күн бұрын

    Malaysia, 8 million in 1960 now 34 million.. Imagine what will happen if Singapore's economy has a set back...

  • @billc6762

    @billc6762

    14 күн бұрын

    It is not likely in the near future. Billions are pumped into Singapore each day. You just have to be in the right industries.

  • @milesinnz

    @milesinnz

    14 күн бұрын

    @@billc6762 I was not suggesting any time soon...part will depend if Thailand builds a canal to make a shipping short cut avoiding Singapore .. and just as western nations are aging.. average age in Singapore is 43. In the US is 38

  • @billc6762

    @billc6762

    14 күн бұрын

    @@milesinnz Both EU and US will cut China from the supply chain. What is that canal for? If that canal really happen, Thailand will be off the supply chain too.

  • @Adrian-np8vl

    @Adrian-np8vl

    14 күн бұрын

    With more companies relocating for lower business cost, you don’t have to wait for near future. It’s already happening…

  • @milesinnz

    @milesinnz

    14 күн бұрын

    @@Adrian-np8vl you mean you are happy to be part of the race to the bottom...who will work for the cheapest with the worst working conditions and environmental impact

  • @billc6762
    @billc676214 күн бұрын

    I had worked a job that was over 100 hours a week. That was the happiest job of my life.

  • @theanalyst2018
    @theanalyst20182 күн бұрын

    Because everyone only focus with formal sector jobs while in informal sector there are a lot of opportunities

  • @Kash-is-King
    @Kash-is-King13 күн бұрын

    CNA, the Singaporean state-owned media outlet, is at it again! Laying out the "troubles" in its neighbouring countries, implying that employment situation in Singapore locally is all well and good... 😆

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    And is it not? I have enjoyed a very good life here, despite my parents coming from a very humble background

  • @apolomasu

    @apolomasu

    10 күн бұрын

    umm SG is quite good for youngsters indeed. so basically they are earning at least double of wt in malaysia bt affording similar cost of living. Otherwise how can u explain those over million workers? So they are all bribed by SG gov for “propaganda” on SG good living right😂

  • @computer-training-for-seniors
    @computer-training-for-seniors14 күн бұрын

    More people = more problems.

  • @tushardoshi9777
    @tushardoshi977715 күн бұрын

    Population is major factor, too much competition.

  • @KS0102

    @KS0102

    11 күн бұрын

    Yes, everyone wants to pass on their DNA but don't understand the repercussions down the road.

  • @sr3821

    @sr3821

    4 күн бұрын

    The current world population growth is slowing down. Even population growth rate in some first world countries is negative.

  • @charleskurniawan2950
    @charleskurniawan295014 күн бұрын

    Can someone explain why it's considered a problem when youth unemployment is high, even though overall unemployment rates are low? Typically, low unemployment suggests a healthy economy, so the job opportunities are clearly there. In the past, while youth unemployment might have been low, the overall job market was tough, and unemployment was high, with many people struggling to find work. Some even had to resort to child labor just to make ends meet. Was that really a better situation? High youth unemployment while the overall unemployment rate is low could also mean that some young people are in the job market but aren't actively seeking jobs because their families provide financial support. So, they can afford to be picky about the jobs they choose. Also, because of high minimum wages, expecting companies to pay high wages to inexperienced young workers who might not contribute much seems unrealistic, doesn't it? If this is really a problem, then the government should lower the barrier to entry for the youth. Give incentives to companies to hire young workers instead of experienced ones. Either lower the minimum wages or share the wages by subsidizing the first-year salary or offering tax cuts. Personally, I see this as a good indicator rather than a bad one. I think it's positive that young people have the luxury of being selective about their job choices, thanks to a healthy economy. With sufficient time and resources, they can explore different opportunities, perhaps even starting their own ventures

  • @hakims777
    @hakims77713 күн бұрын

    Due to high interest rates, High inflation , We need a recession to reset everything

  • @ECOSAM_
    @ECOSAM_15 күн бұрын

    It's more important than ever to support each other. Buying local helps all of us in Singapore thrive. Let’s do this together! 🌟

  • @admin6552

    @admin6552

    15 күн бұрын

    Investing in local products means investing in Singapore. Let’s all lend our support and watch our community flourish.

  • @loveneutrality3057

    @loveneutrality3057

    15 күн бұрын

    Supporting local is not just good for our economy, it’s good for our spirit. Let’s keep our local industries strong and vibrant

  • @henrytep8884

    @henrytep8884

    15 күн бұрын

    You’re a small little city state, Singapore literally does not have the resources to support its current population. Singapore has at best enough resources to support 1/10th of its population, its very survival depends on export.

  • @manoj1350

    @manoj1350

    14 күн бұрын

    Haha you are dependent and global on global ponzi dollar system 😂😂😂

  • @user-ec8uy3qp8m

    @user-ec8uy3qp8m

    14 күн бұрын

    The last thing I will do is to support local businesses. Local businesses should be open to fierce competition with the rest of the world. If they need support from locals to stay afloat. Best to shut down the business now.

  • @user-cx5wn9nj9j
    @user-cx5wn9nj9j11 күн бұрын

    People hate each other. That's the truth of the world

  • @KS0102

    @KS0102

    11 күн бұрын

    When there are too many people, it is not surprising.

  • @vincenttan6303
    @vincenttan630314 күн бұрын

    a mnc's hiring manager accidentally forwarded me an email of his exchanges with headhunter. He mentioned he's interested in hiring me in Msia despite 40+% bump because my salary was cheap. It felt a bit of an insult, but that's the reality. 8 years later, I am amongst top single digit earners in Singapore. Thanks LKY, SG.

  • @petewilliam4295
    @petewilliam429513 күн бұрын

    no brainer for young malaysians who bothers with epf when exchange rates are in multiples saving 5 % sgd is like saving 15-20% myr

  • @Vicked.
    @Vicked.12 күн бұрын

    there's probably a shortage of physical labours as well around the world as youths are becoming more and more educated. I think blue collars now are the way to go to earn money instead of white collars because we have too many white collars around and not enough blue collars. If I were a student now again I would pick being a blue collar for sure.

  • @Siss01101
    @Siss0110112 күн бұрын

    We all need to be Mizato

  • @user-cx5wn9nj9j
    @user-cx5wn9nj9j11 күн бұрын

    In the early years I warned mankind, and mankind ignored my words, and now all the things I predicted have happened, and people say: What the hell is going on . this is human .

  • @KS0102

    @KS0102

    11 күн бұрын

    Yep they need to get their head out of their arses.

  • @user-ne8yi1io4h
    @user-ne8yi1io4h4 күн бұрын

    Make Malaysia and Singapore a single market like the European Union. Free movement of people, capital and goods. Nationality remains unchanged.

  • @edwardchua1248
    @edwardchua124814 күн бұрын

    One thing I noticed when hiring for contractors now, for those 21 to 25, they want money but they don’t want to do face to face interviews and they rather do avatars based online interviews. Many companies doesn’t allow avatars based online interviews but rather to see the face of the interviewee.

  • @enterthenameyo
    @enterthenameyo13 күн бұрын

    Seeing just how much South Koreans don't want to give hiring managers any reason to bin their application really puts into perspective how other countries' youths haven't done all they could yet

  • @John_Smith_86

    @John_Smith_86

    13 күн бұрын

    South Koreans really love money, as is the norm for Asians. Not everybody love money. Some people don't mind poverty

  • @nugi00_
    @nugi00_7 күн бұрын

    Indonesia jobs market: - Diploma must below 25 years old with 1-2 years working experience (minimum) - All-in-one roles (they wanted you like Aang from the Avatar, can master everything) - Paid below national standard wages (you're the Avatar but they wanted to paid you less, even free in the name of "experience") - minimum 50 hours/week - The boomer want you to solved their problem (i'm not kidding) ps: This is the qualification for Junior or Entry level for 80% (or even more) Indonesia jobs market. pps: Thats why almost all of my friends are working overseas. And the one working here are either as State Civil Service (ASN) or BUMN. Only 1 -3 people that change their life to small business owner. ppps: Indonesia jobs market are like they wanted you to be The Avatar and paid you less in the name of "gaining experience".

  • @Vachalen
    @Vachalen14 күн бұрын

    If I am a Malaysian, I would come to Singapore to work as well. Sure the money is great (exchange rate of 1:3.5), but culturally, there is no difference between a Malaysian and Singaporean. We pretty much are the same. Malaysians also have CPF in Singapore so the JB Labour minster's comment is pretty moot, I think.

  • @accountantasia125
    @accountantasia12514 күн бұрын

    You want higher salary, can you do more, more quality work that warrant higher salary ? Do you want to pay more for same quality of goods or services ?

  • @user-hv4ke5kh7xiuh

    @user-hv4ke5kh7xiuh

    12 күн бұрын

    you can compare with USD. only work 8 hour for rm10000++ a month compare rm2800 for 12 hour 6 day a week.

  • @gmshadowtraders
    @gmshadowtraders9 күн бұрын

    Free markets work!

  • @MehulPatel-py1hg
    @MehulPatel-py1hg12 күн бұрын

    India has the worst unemployment situation from past 10 years.

  • @zion9860
    @zion986014 күн бұрын

    Well definitely in Asia there is a youth employment crisis. This is some of the reason why young Chinese another ethnicity are desperately trying to enter the US from the southern border. The US still is offering better opportunities for anyone who make it. Young Asians are making these sacrifice in hoping to find prosperity in America.

  • @HanzBergman

    @HanzBergman

    12 күн бұрын

    That`s a lie the US have nothing to offer Europeans don`t give me that crap. Instead the US is much frowned on here!

  • @Nerinav1985
    @Nerinav198514 күн бұрын

    What is Singapores is secret of success?

  • @John_Smith_86

    @John_Smith_86

    14 күн бұрын

    Good governance. Economists enjoy writing many many textbooks on how to become rich. Just follow the textbooks and it is easy. But of course, your own citizens will probably overthrow you if you tried that

  • @bladeqmaster
    @bladeqmaster13 күн бұрын

    Youngsters too picky. My first job start Nov 2011 only pay rm1500 monthly. The company struggles and frequently missed salary. but I stayed for experience. After two years I began job hunting. 5 years there until i got new job. Now my salary is almost rm5k. I married at age 36.

  • @silver-box2450
    @silver-box24509 күн бұрын

    Low Salary , Boss / Manager want us to do 3 worker job , Boss doing greedy thing like don't want give Over-Time Payment or any other benefit. Malaysia Ringgit falling

  • @whitefang924
    @whitefang92414 күн бұрын

    It’s tough everywhere.Get over it.Magic trick is doing the best with what you got and keep moving forward.Better than giving up

  • @shabbirmanji4190
    @shabbirmanji419012 күн бұрын

    9:30 Not only SOUTH KOREA, INDIA TOO HAS high number of educated youth with high number of unemployment. Well most 90% of Indians are proud😅

  • @moonstarsun633
    @moonstarsun63314 күн бұрын

    Depressed our pay.

  • @tankman20064

    @tankman20064

    14 күн бұрын

    It over

  • @martinbrock713
    @martinbrock71315 күн бұрын

    There is no future for the youth anymore

  • @mack-uv6gn

    @mack-uv6gn

    15 күн бұрын

    There is the rich need to step aside and stop hogging everything.

  • @tjahjadi659

    @tjahjadi659

    15 күн бұрын

    i literally applied for a research and data analyst internship 2 days ago and got a response today

  • @jer2911.L

    @jer2911.L

    14 күн бұрын

    @martinbrock713 Everyone in this world, including you was once a youth. So according to you, the world should have died. Where are your brains? In your rear?

  • @nannon2934

    @nannon2934

    14 күн бұрын

    no doubt 😊

  • @martinbrock713
    @martinbrock71315 күн бұрын

    Sounds completely wrong for the leader of the PAP to be more concerned about a seemingly inappropriate candidate being called out than relieved that a bad candidate was exposed before he had a chance to get into Parliament

  • @quaherway2941
    @quaherway294114 күн бұрын

    On Malaysia, are we ignoring the elephant in the room?

  • @george.l2593
    @george.l259314 күн бұрын

    interesting =.= no one said that AI made things simpler.

  • @A3142
    @A314214 күн бұрын

    20:50 ngl i thought that the old guy is Satoshi Nakamoto which allegedly is the creator of Bitcoin

  • @eva31s
    @eva31s14 күн бұрын

    MYR current issues Malaysian are struggling in spending power... Facts most are going Overseas.

  • @tobyc8668

    @tobyc8668

    14 күн бұрын

    Aha nice joke. How can they be struggling with spending power when they are earning SGD and consuming in Ringgits back home.

  • @shahrulamar5358
    @shahrulamar535811 күн бұрын

    More Malaysians are married after 30 years old. After 25 years there will be more jobs than potential employees. 🤔🤔

  • @anasqai
    @anasqai15 күн бұрын

    If spread of money is equal because of money laundering, isn't it secretly supporting terrorism accidentally? Money is Strength, Strength Makes Life. If their money of it is Legal-Type, if insert and create a bank record of their money, then moneyflow-function will be normal again, waiting for retrieval of gold from ship's accident will be too long?

  • @anasqai

    @anasqai

    15 күн бұрын

    Actual Salary should be highlight of News that should continue for Weeks and not About COVID been so many years. C.P.F created disability of moving and gains in life, people could've tried to be a door-to-door salesman. Culprit of gas would've been alot more witnesses(including from vehicles shots).

  • @ngrobert5054
    @ngrobert505415 күн бұрын

    Can import more CECA and Pinoy Bakery infomatics Diploma Williams Loh Swee Heng

  • @user-ig5fl6wk4l
    @user-ig5fl6wk4l14 күн бұрын

    The south korean majoring in english literature but is using korean instead of english in malaysia, hmm

  • @John_Smith_86

    @John_Smith_86

    14 күн бұрын

    Good point. lolz

  • @fialee8
    @fialee815 күн бұрын

    I wonder if there's a correlation between the rise of mobile social media platforms and youth unemployment? I see that anyone under 35yo, they are always glued to their phones even at work. While it may take 20 seconds to check, but if they do that every five minutes, and half the time, they post or respond to someone, that's 2-3mins right there. That eventually means they are not productive up to 1/3 of the time... and that doesn't even factor in starting and restarting, which is also inefficient.

  • @xTrovezDiesLastx

    @xTrovezDiesLastx

    14 күн бұрын

    Take it from me, a 26 yr old filipino who is always glued to my phone up to this day but got a good-paying job as an accountant for an AUS firm. The big problem is the local companies. Local companies tend to be more demanding on performance but never equates it with right compensation

  • @kelvinyau2220
    @kelvinyau222012 күн бұрын

    And our youth in singapore especially the nus and ntu grad thinks that they are entitled for 6-8k pay. With malaysian and mainland chinese they are coming in way lower wages plus AI, these nus and ntu grads can sit at home and rot!

  • @qjtvaddict
    @qjtvaddict7 күн бұрын

    North America: First time?

  • @jpk8529
    @jpk85293 сағат бұрын

    meh, im not singaporean so im not entitled to an actual opinion. but all i see is a bunch of adults trying to convince themselves that these youths aren't just going to get betrayed later on as the government/corporations then hires more foreign or non-singaporean cheap labor for the jobs that the youths don't want to do, but also strangely, these jobs are also the jobs these bunch of adults in these news videos, also don't want to do. so maybe that explains the unemployment rate. the problem maybe isn't the rate, the problem is our interpretations or understandings of it, and your limited, baby boomer dominant perspective as a news source.

  • @albertteng1191
    @albertteng11918 сағат бұрын

    CNA why dont you feature youth unemployment in china or the china's foreign investor crisis or china's new security law or china's huge debt? Trying to protect your master??

  • @user-bw3vu4yc9w
    @user-bw3vu4yc9w14 күн бұрын

    malaysia fix ur ringgit value first la. if u have strong ringgit u think malaysian will go to singapore become coolie?

  • @Fettupwithyou
    @Fettupwithyou7 күн бұрын

    10:19, english lit major, interview in korean lol

  • @michaelwin83
    @michaelwin8314 күн бұрын

    Hands on training : Toilet cleaner Takeaway helper Zhap fan cook Road sweeper

  • @pearlyung
    @pearlyung14 күн бұрын

    Why johorians cannot speak English?

  • @John_Smith_86

    @John_Smith_86

    14 күн бұрын

    Because you need to be educated in that? And most normal people won't self-educate if their schools don't offer it as a primary course

  • @youtuber9758
    @youtuber975814 күн бұрын

    Spend less time at the cafe and more time learning a skill

  • @giabaolevu1055

    @giabaolevu1055

    14 күн бұрын

    Young people nowaday have more skills than your old ass at the same age, but can not reach the bare minimum requirement of greedy companies, they want people who are young, low wage, but have 10 years experience, rocket science skill level for a entry level job.

  • @kengleetan63
    @kengleetan6314 күн бұрын

    Sinkie, can see or not?...Jiu hu kia Engineer Charles coming over daily to work in your country earning 3.5 to 1 can ...LIVE IN LANDED HOUSING BACK IN BOLEH LAND!😆😆

  • @fialee8
    @fialee815 күн бұрын

    It's not that there aren't jobs... there aren't enough jobs for what applicant's want. Fun jobs, work life balance, that pay a lot... there's prob tons of construction, mechanics, manufacturing, and service jobs out there. But youths aren't interested in working hard.

  • @ericfoong2845
    @ericfoong284514 күн бұрын

    Not all Malaysians looking for jobs in SG is worth hiring. Especially a particular race.

  • @John_Smith_86

    @John_Smith_86

    14 күн бұрын

    Nonsense. There are low skill jobs as well. Plenty of jobs no matter who you are, from cleaning the floor to running DBS as CEO. Jobs aplenty

  • @peterkavanagh64
    @peterkavanagh6414 күн бұрын

    Hmmmm i think gobe its beyter to see cars motir bikes as symbols i have you do not. This dymbiky is excess the community returns is clean air and walking . Maybe time but its better to walk think a lot within a pubkic space 80 percent of people work is people and pubkix transport is a great place to ve with its a base bkth potential customers and cusyomers who can affird to pur hase. The sjikds are inherent i think many safeguards are inherrent so beginging if a chat is posduvle in a car or motir buje i believe it sends tge druver the nessage youve nade it dont bither the offuce too much etc erc

  • @John_Smith_86
    @John_Smith_8610 күн бұрын

    .

  • @jolly1039
    @jolly103910 күн бұрын

    Why dance around the bleeding obvious why people don't get job in Malaysia...

  • @anziar3038
    @anziar303815 күн бұрын

    S'poreans enjoy stable jobs and high wages, thanks to the PAP govt.❤❤

  • @pungolay6586
    @pungolay658614 күн бұрын

    🤣🤣🤣🤣🤣🤣🤣🤣🤣

  • @ngrobert5054
    @ngrobert505415 күн бұрын

    Wrong race can apply

  • @applemontea
    @applemontea7 күн бұрын

    lest do lying flat,

  • @danielgoh1923
    @danielgoh192313 күн бұрын

    You mean Chinese youths

  • @Akr-ei5ek
    @Akr-ei5ek14 күн бұрын

    Adult work is best work with nice work life balance, start from young

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