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

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Published 2024-05-02
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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All Comments (21)
  • @Onion_Knights
    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
  • @Gaming_Antics
    Youth unemployment is a worldwide problem. Companies are hiring less and expecting workers to work like 2 people in a day with minimum pay.
  • @sulatt21
    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.
  • @greenmarin3
    38 struggling to find work here in Aus too. It’s definitely global.
  • @alexbr550
    Not just in Asia, Ive been struggling to find a job for months here in the US.
  • @ongsengfook
    Liew talked nonsense. Malaysians have been flocking to Singapore to work for decades. Even when the exchange rate was 1:1 in the 70s.
  • @onexoxtoo
    If employment prospect is bad, then dwindling population is the right direction.
  • @Kunga-re8eg
    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
  • Entrepreneurship is the way forward as all big companies have become too rigid in their expectations
  • @Shaftalooooo
    Same sh***t is on going here in UK as well. People are moving to AUS or NZ for better pay
  • @cbtan7348
    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.
  • @forlandut9353
    Internship is a legalized underpaid full time worker
  • @pokeypickle3
    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
  • @Sakazuki_Bepu
    1 year after graduating, i'm contemplating life and why do i even alive
  • @joe-vl3nd
    Same in South America expat 🇬🇧 lives in Colombia 🇨🇴 wages low high Unemployment
  • At the same time they said we faced the low birth rate that burden on our economy and growing in older aging population
  • @roro4787
    Its not just Asia, its so hard to find a job in Germany too 😢