It’s been 15 years since the recession and it’s time to talk about how Korean American names are still affecting our lives. 15 Reasons You Can Blame The Recession on Korean American Names is a blog post that talks about 15 ways in which this is true.
- 15 Reasons You Can Blame the Recession on Korean American Names
- This blog post discusses 15 ways in which the global recession of 2008 has impacted Korea. The authors point out that many Koreans have been forced to take low paying jobs, make less money and even had to switch careers for economic reasons. But they also found some positive changes occurring as a result of the recession including more people being open about their personal finances and face masks becoming trendy again due to Dust Mite allergies. It’s time we start talking about how our names are impacting us economically too because 15 years later it still does! There are 15 ways in which this is true, one reason per paragraph below:The first way in which you can blame your name for the recession is that you’re more likely to be unemployed and less likely to find a job. A study in 1994 found 15% of resumes sent out had Korean or Chinese sounding names while only 13% had English sounding names.Since 2011, there have been 22 times as many international students at Korea’s top universities with Western-sounding names than those who have Asian surnames. In addition, during an interview last year on Kim Soo Ro Tv Show, it was revealed that 15 people were offered positions but 100 others with non-Korean name interviews did not get offers!Next we can blame your name for the recession because if you do manage to land a job then they are paying their employees lower wages due to cost cutting measures.Last but not least, we can blame the recession on your name because you are less likely to be employed and being unemployed for a longer period of time will lead into many more hardships.- 15 Reasons You Can Blame the Recession On Korean American Names
- First, people with Asian sounding names may have had difficulty getting jobs due to discrimination in hiring practices since 1990s when resumes were screened based on ethnicity before they would even get an interview. In addition, 15% of applicants with Korean or Chinese sounding names didn’t get interviews while only 13% who sent out their resumes with English-sounding names did! Next, pay cuts also led employers to hire fewer employees which means that if you do find employment then it is likely that you will be working in a job that is less desirable than the one you had before.- 15 Reasons You Can Blame the Recession on Korean American Names
- Third, as people are losing their jobs, they can’t even afford to buy food! The average family of four spends $600-$700 per month on groceries; if they’re unemployed then this expense could mean cutting back and eating cheaper foods like pasta or macaroni & cheese rather than buying fresh vegetables and meat. Fourthly, it’s very likely for them to lose health insurance benefits which means that any medical costs incurred during unemployment would have to come from savings or credit cards. Fifth, when your unemployment check runs out (and it does) there won’t be anything
