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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