WOW! That is crazy low. For those that need a reference, this is one of the first offers that I received way back in 2003:The jub title : ESL full -Time Instructor. Location in Ulsan cityStarting : July 1.Teaching time : 1:00 pm ~ 8:00pmSalary : 1.9 MSingle free housing ( studio)Monday to FridayAll benefits ( severance pay/ visa/paid vacation/ housing/ 50% insurance..)Teaching level : Elemantary school students
1.9 mil in 2003 would be 2.77 mil in today's money. Plus roundtrip flights were paid compared to one way (or no flight at all) standard today.
In some other countries NETs and non-NETs are currently having the time of their lives due to closed borders...some salaries are doubling and tripling because these are the only available teachers around
I'm not sure this is true. The reason teachers are leaving is that businesses are closing. Economic downturns are making it harder and harder for small business (like most hagwons) to make a profit, and ESL teachers are being let go. Of course I don't know how things are going everywhere in the world, but friends and family here in Korea, the UK, the US, Canada, the Netherlands, and Japan are all telling me the same thing: hold on to your job with tooth and nails, because unemployment is skyrocketing.
Hakwons are charging more and can afford to pay more than what they are paying. I had previously outlined the obscene profits my friend made running his academy 10 years ago. So, even with a higher wage expense, they can still make a good profit due to charging more. They just aren't because they think they can get away with it and stoke sympathies with fake poverty stories. Part of the problem is the foreigners taking the too low of job offers. We should start kicking the shit out of them or something.
I have a number of close friends, both foreigner and Korean, who own hagwons. You're right in that they make a fair amount of money, but part of that reason is that they work an obscene number of hours, both at the hagwon, and afterwards phoning up the parents (this is a daily chore that can take an hour or two . Crazy.) I can't speak for other parts of the country, but Covid has been a huge disaster economically speaking. It's also given them a lot of extra work: the transition to online classes was not easy, and government regulations make opening to 100% in class lessons very difficult. NET hagwon wages in Korea are going down because income is currently plummeting.
But when income was rising did NET hagwon wages go up? Share in our struggles but when we start to thrive don't expect more.