Over the past 10 years, the number of ‘involuntary part-time workers’ who have unwillingly sought part-time jobs such as part-time jobs has increased by 230,000. In this process, the average annual increase rate (2.5%) of involuntary part-time workers reached about twice the increase rate (1.4%) of all wage workers, indicating that the quality of employment had deteriorated.
The Korea Economic Research Institute under the Federation of Korean Industries announced on the 11th that, as a result of analyzing microdata from the National Statistical Office, there were 1.02 million involuntary part-time workers last year, and an increase of 227,000 between 2012 and 2010. An involuntary part-time worker is a worker who is willing to work more hours, such as a full-time job, but has no choice but to choose part-time work because he cannot find a suitable job.
While the total number of wage workers increased by 15.1% from 17.185 million in 2012 to 19.776 million last year, the number of involuntary part-time workers increased by 28.6% (793,000 → 1.02 million).
Looking at the rate of increase in the number of involuntary part-time workers by age group, those in their 50s and older rose from 287,000 to 470,000, an annual average of 5%. During the same period, the number of young people (15-29 years old) increased by an average of 2.5% per year from 227,000 to 290,000, and by 0.7% per year from 97,000 to 104,000 in their 30s.
The Hankyung-yeon analyzed that this figure is due to the frozen job market in the case of young people, and the unwillingness to choose part-time work in the case of the elderly due to the effects of business shutdowns, closures, and recommended resignations.
In particular, over the past 10 years, the number of livelihood part-time workers who have chosen part-time jobs for the reason of ‘immediate income such as living expenses’ has increased rapidly among young people. The number increased from 71,000 in 2012 to 134,000 last year, an average annual increase of 6.6%. The number of people in their 50s and older increased from 234,000 to 361,000, an annual average of 4.4%. For those in their 30s and 40s, the average annual decline was 1.7% and 4.4%, respectively. Last year alone, 6 out of 10 (60.8%) were ‘part-time workers for livelihood’.
The KERI explained, “The rate of increase in part-time workers for livelihood among young people over the past 10 years has been the highest.
The KERI added that the proportion of involuntary part-time workers out of all part-time workers in Korea reached 43.1 percent, ranking seventh among member countries of the Organization for Economic Cooperation and Development (OECD), following Italy, Spain, and Portugal. This is 1.5 times higher than the average of 30 OECD countries (29.1%).
Choo Kwang-ho, head of economic policy at the Korea Economic Research Institute, said, “In order to create many high-quality jobs, it is necessary to improve the vitality of the private sector through regulatory reform and to alleviate the rigidity of the labor market.”
Reporter Lee Je-hoon
2023-06-11 06:18:57
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