Jobs plentiful, but wages low for Kingdom’s youth

[geovalin]

Sen David

While unemployment rates are low among Cambodian youths, their jobs are largely poorly paid and informal, providing them with just enough money to survive on, according to a recent report.

The report, released on Sunday by youth NGO the Youth Resource Development Program (YRDP) and the Ministry of Labour, found that Cambodians aged 15 to 30 have an unemployment rate of just 2.5 per cent.

However, 67.5 per cent of those employed survived on “self-employment” – essentially working odd jobs in the Kingdom’s vast informal economy – while only slightly more than 50 per cent had any kind of defined salary.

read more: http://www.phnompenhpost.com/national/jobs-plentiful-wages-low-kingdoms-youth

[elgordo38]

While unemployment rates are low among Cambodian youths, their jobs are largely poorly paid and informal, providing them with just enough money to survive on, according to a recent report. unquote

Welcome to the new world order. Big business is trying to use this template the world over. After sucking all the factory jobs out of North America big business will return sometime in the future only on their terms. Casual jobs is all that will be available forget about decent wages and pensions.