While I agree nets need a raise, as korean contract teachers, 2.1 isn’t the total compensation though. There’s housing, the 4 insurances, and severance pay. It’s probably closer to 3 million a month total compensation. Regardless a raise is certainly needed.
Also remember most academies only pay one way flight now. So, out of your severance you must pay your own way home. SMOE doesn't give renewal allowance at all. A return flight which use to be free. So, remember you are not making as much money as you think you are. Plus the exchange rate is falling even worse lately. You lose money when you send it home plus have less to send home each month.
And with flight prices increasing, those flight allowances aren't going to get you all the way home. The worsening exchange rate is the perfect reason to keep money in Korea and avoid making big purchases on credit cards from back home. It would be annoying to see something like a car get more expensive with each passing month.
Initially my diesel was cheaper when I got my car last year than my old LPG when Diesel was 1200 a liter. 2100 a liter not so much.
Wait a second! Diesel has never been cheaper than LPG! Reading it again, you probably meant the overall fuel expenses with the consumption factored in too. And not the price of 1 liter at the pump.
2.1 is for a 9.5 hour work day, in a month with 22 working days.If the minimum wage gets much higher, I predict that ESL employers will pay a higher salary but remove the housing benefits.I give it a few years before the hagwon association starts encouraging this at the meetings that all hagwon owners in Korea are forced to attend.
I do seem to get slammed on here. But there really is China with free housing, flight reimbursement, and much higher salaries. Are young teachers so in love with BTS and K dramas that they put up with any level of nonsense and exploitation? Now is this hogwan association a mafia or something? I mean are they all forced into things? Either way if it gets much worse, surely teachers will finally leave. Heck one of my cousins has lately been trying to get me to the Alberta oil patch due to good money being made again. There are definitely options, either ESL in other countries, or completely different fields all together.
you don't get to equate your situation to theirs.
I get that you struggle to understand why people want to come to Korea. But surely you understand why China is unappealing to most?
While Corona is still going on and winding down along with the lockdowns, not so great........
Now is this hogwan association a mafia or something? I mean are they all forced into things?
The Hagwon Association operates training courses on behalf of education offices. Hagwon owners, Korean hagwon teachers, and native speakers working at hagwons all have to go to their meetings once a year.My hagwon received a letter this year about the mandatory meeting. They made it sound like you have to pay 100,000KRW to attend. A Korean teacher called them to check and told them that they were being recorded, at which point they admitted there was no required fee. They still tried to trick us into going to their office to 'pre-register', presumably in the hope of selling us an association membership.At the meeting, they try again to push you into paying 100,000 to join their association, implying but never explicitly stating that the fee is mandatory. The truth is that attending the meeting they hold is mandatory, but joining their association is not. They try very hard to blur the lines.The 'training' they provide, which is supposed to inform hagwon owners of legal requirements and responsibilities, is more focused on promoting their association. There's also choice information about things like getting out of severance payments by paying employees a slightly different salary each month.Hagwon owners are mostly not the slimy people everyone thinks they are. The problem is the Hagwon Association.
RememberThe reasons people didn't want to go to China before covid and won't want to go long after covid is finished are unrelated to money.
The truth is that attending the meeting they hold is mandatory
No, lots were leaving Korea and going over a few years ago. I knew so many who left Korea behind to go over. They said they liked it though the pollution did suck. The pay wasn't even what it is now. Yes, there are a few rich kids who have no loans to repay and a few older expats who already made their money and are waiting for retirement. There are a few who also got married here and their spouse won't let them live elsewhere. But most are not in these situations even though every situation is different.
Even more people are *not* going over to China because they have moral reservations about working in a country that is actively perpetuating it's own version of ethnic cleansing, is following aggressive military expansion of its borders, and is gearing up for economic warfare with... well... basically "the West".Money is nice, but for many of us -- including those of us who aren't particularly well off economically -- there are more important things in life than earning a few extra bucks.Finally, as has been frequently discussed in earlier threads, there are still *plenty* of economic opportunities in Korea if one has the will to search them out. There is *no* reason why somebody whose primary reason for living in Korea is money should be making less than 3 or 4 million won a month, especially if they've been here for more than a handful of years already.