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Percentage of low-paid workers in S. Korea falls to under 20%, lowest in 10 years

2019-01-03 1 Dailymotion

저임금 노동자 비율 10년만에 10%대로 하락…최저임금 영향<br /><br />The percentage of low-paid workers in Korea kept going up for three consecutive years.<br />But 2018 has been a turning point.<br />That number declined.<br />Minimum wage hike may have contributed to this change. <br />Here's Seo Eunkyung with a deeper analysis. According to the Korea Employment Information Service, the percentage of workers in Korea making what's considered low pay... dropped last year to 18 percent... down 5-point-8 percentage points from the year before. <br />Low-wage workers, according to the government, are those who earn less than two-thirds of the median hourly wage.<br />Last year, the median wage was around 10 U.S dollars, so they were making around 6 dollars and 70 cents or less.<br />It was the first time less than 20 percent of workers were "low paid" in ten years. <br />The report pointed to factors that helped lower the ratio, including an increase in the legally set minimum wage... and levels of education.<br />Of people with a bachelor's degree or higher, only 5-point-6 percent had a low-paid job,... but among those with a high school diploma or lower, the figure was 29-point-4 percent.<br />That indicates that those with less educational attainment likely benefited more from the Moon administration's wage hikes.<br />Seo Eunkyung, Arirang News. <br />

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