Minimum Wage of Korea
When I went in Austrailia, I was suprised when I earned money. It has the wage gap between Korean wage and Austrailian wage. Korea has become developed country in appoximately 10 years. Korea is included in 20th of the GDP rank with Austrailia. You can see in
Korea has developed so fastly if it compares other developed countries. GDP has also increased much more than before. But minimum wage is only increased fewer than before. Because Korea has just human resources. Only human resources are how to win against other countries in the market competition. If human resources are more expensive, it may be difficult to win against other countries in the market competition. And foreign workers such as south east Asian and Chinese try to get a job in Korea because Korean ecomomy is better than south east Asia. But it makes problems because inflation is appeared these day. Price compared to minimum wage is higher.It is difficult for poor workers to live. It is hard for big city people to live because of unbalanced minimum wage compared to price in each area. Usually big city price is more expensive than countiries. But minimum wage is almost same big city and countries. It is unfair.
The govenment makes a policy for minimum wage depending on the price in each area. If Seoul is more expensive than other city like Dae gu, Pusan,
they should give the minimum wage matched the price of each city. And Korean economy have been developed more in the future. Like other developed countries, the goverment should try to consider about satisfaction of workers.
You said that "If human resources become more expensive, it would be difficult to win against other countries in the competitive world market, but I think that the regulation is for protecting poor worker from the law of the jungle, and I also think that we should compete in the world market with not just relatively cheaper wages, but also products or better quality and high-tech and good services.
답글삭제And you insisted that "The government should make a policy of minimum wage according to the regional competitiveness.", but I think, the other way, that we develop other areas not just big cities like Seoul, Incheon, and Busan by supporting the economy of those areas. In my opinion, to put differential of minimum wages between big cities and small cities is unfair.
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