Stuck With Low Pay, How Taiwan’s Young Graduates Cope With High Costs | Asia’s Stuck Generation
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- čas přidán 29. 05. 2024
- Millennials in Taiwan are facing a new reality - high cost of living, stagnating wages and tougher competition for well-paying jobs. Despite getting university degrees, many are not better off financially than their parents’ generation. Some are just surviving, with no savings at the end of each month.
Unlike their parents, who entered the workforce in the 1980s during the golden era of wage growth in post-war Taiwan, youths today face single-digit economic growth and slow wage increases, amid overall inflation and the rising cost of housing.
CNA Insider follows the lives of a few ‘trapped’ youths to see what they’re doing to cope - including working up to 4 jobs, or going overseas to work in F&B jobs.
00:00 Intro
03:07 Super-commuting to save on rent
05:27 The low market pay for fresh graduates
09:40 Slow wage growth vs inflation in Taiwan over 10 years
11:39 Who are ‘Bei Piao’ or North Drifters?
12:10 What a NT$11,000 rental in Taipei looks like
13:23 One youth’s living expenses & zero savings
17:12 Why young Taiwanese are going overseas to work
20:39 Social housing as a solution
23:27 Hopes and dreams of Taiwanese youths
*24:43 This video was narrated by Grace Yeoh.
Have feedback or an idea for a story? Email cnainsider@mediacorp.com.sg
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Now up: China’s Unemployed Youth: Why new graduates can't find jobs, and how they're coping czcams.com/video/qRv5g5MEF2k/video.html
Many Chinese youth have migrated to Vietnam, Africa, SE Asia, North America and nearly everywhere if they have the opportunities. Official Chinese data maybe 25% unemployment, in reality maybe 50 to 70% with very low salary due to deflation in China, after covid19 epidemic, US-China Trade War plus US & Europe prefer not to buy Make in China products. Taiwan airport is busy with activities and vice-versa in China. Leadership , democracy, freedom, capitalism, creativity and ETHICS are very important. Long run shows the results just like Russia right now,
@@ganpeace wow, 10% unemployment is a big deal in western countries, how come these chinese youth have not starved yet while more than half of them are unemployed XD
@@ganpeaceThe Coming Collapse of China.
@@ganpeace What a load of crap. Provide us with sources instead of spreading lies.
@@ganpeace Since 1995, China has been recording consistent trade surpluses. In 2022, the trade surplus surged 31% to USD 876.91 billion, the highest since records started in 1950, with exports rising 7% and imports up 1%. is that what you call "not to buy Make in China products"?
What strikes me most in this video is that none of these people are actually complaining or giving up, but they are doing their utmost best despite the economy. Hope things get better for everyone in Taiwan.
Why complain? most of them are dream seekers waiting for the opportunities of their life, someday they might be a famous movie maker or media person, or a big boss if the chances are ready. Even now they still have enough income to keep dreaming.
Good point. I do not understand why a big media such as CNA is not able to identify this positive spirit? Instead, CNA chose to elaborate the story with sensational terms such as "stuck generation" which is neither inspiring nor educational.
Taiwan's economy is not as bad as this video makes you think. Especially if you look at the technology sector.
Again, this is the typical case where, what you dreamed of as a child does not keep pace with the world.
For some people, the world simply is not in demand of their skills.
No careers are equal. No interests are equal. No dreams are equal.
You want to live well, dream well.
You want to dream whatever you want, deal with the consequences.
they are just see the birth rate
@@kalasend Exactly! I would urge people around the world to take CNA’s videos about other countries with a PINCH OF SALT. As you know, CNA is a Singapore government-funded broadcast service, and like every other government-funded channels, there’s always an agenda behind the “storytelling”. Many neighbors in ASEAN already know how CNA always uses such “documentaries” paint negative pictures of its neighbors. If you do not believe me, run a ML model over all of CNA’s coverage of other countries - the model will yield many negative sentiments. Dear producers, what don’t you cover salaries of engineers in Taiwan’s semiconductor industry, or starting salaries in TSMC…
As a Korean, it seems to me that Korea, Japan, Taiwan, and even China are all on similar trajectories as far as young people are concerned. High cost of city living, low wages, and slowing economy mean that mere hard work isn't enough anymore to lift young people to financial independence, as it was for their parents. The result is that in all these countries, young people delay marriage and having children because they can barely support themselves--which, in turn, lowers birth rate and causes further economic decline.
right. Less young people want to get married, leading to a dwindling population and the need to import foreign graduates and workers, thereby worsening the unemployment or underemployment situation for the locals.
Its also happening in Hongkong and Singapore, cost of living is too high
I dont understand japanese..living in small town is crazily cheap but youngsters doesnt want to move there, their country also give them money to raise child.
@@jeffbolton2986 yeah it's not that simple sadly. If you lived in LA or NYC first 20-25 years of your life as millennial or Gen Z, would you all of sudden move to Arkansas and hear rooster in the morning and feed ducks? No real concrete jobs in those small towns plus old people are crazy nosy checking what young people are doing to scold them if found some mistakes.
Many do not mention about people living too long nowadays. People living 70+ 80+ will burden younger generation with high social taxes, taxpayers' money going to seniors (due to votes), policies geared towards seniors (votes again) and high rent prices since old generation keeps the title of homes vs handing it down to the next generation. I rarely heard of old seniors renting apartments at way below FMV since they want to make sure young renters can save money to buy a property of his/her own.
I think all young adults around the world can identify with these people. Life is so expensive everywhere right now that our salaries barely cover our basic necessities, it’s very hard to save and the dream of owning a house is further and further away. My utmost respect for these young adults shown in this video for trying so hard and not giving up on their dreams!
Lies again? Los Angeles Movies USD SGD
Its like as if someone didnt want everyone to enjoy rich and stress less life. Definitely not because of some human. That would be unethical and criminal so its must not be true. Theres only God who has the right to decide who gonna die and who gonna live. Right? This is Gods doing for our sins right? Its not a human playing a god, right? Its not right to think that one human is dictating survival of 8 billion people and those 8 billion people let this one person to order them to jump off the cliff. Thats not truuuue right? :)
This is happening all over the world. My dad lived during the "golden years" where having a degree was a "golden ticket". For years he didn't believe me, he would say "you have a degree now why don't you have a job?". Being on the upper end of the millennials (Gen Y.2) I at least have experience and skill above the younger millennials. It is only getting harder. It wasn't until recently that he finally accepted that just because you go to school doesn't mean you get a career job no matter how hard working and ambitious you are. The entire world really needs to start looking out for the working class and how we are going to survive otherwise things are really going to fall apart.
things are falling apart. I forsee WW3 being mostly a class civil war within countries.
Hierarchical solidification
The world needs a reboot.
@@raymondchan3587 what do you mean by that?
@@raymondchan3587A reset. A great one, if you will. Heh.
Every country is heading on the same trajectory. And yet every country, supposedly, has completely inept and incompetent politicians. Amazing how they can't coordinate anything and get anything done, yet they all simultaneously across the world can run their respective countries into exactly the problems.
As a young Taiwanese I want to add some very different opinion here- this whole spirit of positivity and zero complaint is pointless. True, it makes us look like a welcoming bunch easy to get along with. But that doesn’t increase the odds of a pay bump, does it? Even worse, you’re signaling to your boss that you’re fine with your salary, giving them all the reason to keep it flat.
Cut the positivity and 小確幸 (little happiness). DO complain, DO ask for more, and if your boss shrugs it off, DO look for a new job that pays. Life is too short to stick with a cheap employer.
As someone living in the United States I truly believe that Housing, Healthcare, and Work should all be classified as a Human right no matter the country. It should not matter what job someone works as long as it is taxable and they are able to support themselves and or loved ones regardless if its white blue or pink collar type of work.
@@secretpeace-wp6xgBe careful, you're spewing communist's blasphemy! All people should be seen as walking wallets, and they should only be allowed services they can pay for; otherwise - go die in a hole. That's the core of beautiful American Dream. Don't forget capitalism is true blessing to human masses, one should never question it.
@@secretpeace-wp6xg But who is going to pay for it? I hope your children and other people's children will be up for it...
惯老板太多在台湾 too many spoiled biz owners in taiwan
@@edt6488 the people who pay for it are the people working (as long as the profession is taxable) I'm not saying create a whole UBI system but if the European countries can create a system with less money America can do it too but the big factor is mismanagement of funds. I personally won't be having children due to personal reasons but something has to change because this current path and current model isn't working
My parents got married when they were 25, bought a house and a car when they were 27-30. I am 25 now, still living with my parents and cant find a job. Dealing with tons of rejection. Having a degree is useless, getting married and having kids seems ridiculous at my age. When i was a child, i didnt imagine my mid 20s would be like this at all. Cant even pay for food now. Tough time. Wishing everyone the best.
Don worry bro your time to shine will come✌️
In short, you're a bum ! lol
@@mistarngamzee9327 When ? after a civil war ? after WW3 ? When he'll be 40 and his youth will be totally behind him ?
Life bot fair bro..don ask me when it happens for everyone
Don't worry, bro." Every dog has its day." we are not at the age where people marry at 25-30 years old; now, 35 is the minimum, so calm down and solve problems patiently.
Very relatable. I thought I was the only millennial struggling in Canada, despite having a degree+license, I couldn’t afford a home, and no matter how hard I worked, how many extra jobs I took, my dreams drifted further away from me.
It seems like the problem and inflation, high costs of living, is experienced worldwide including in Taiwan. I wish the individuals in the video the best and anyone reading this.
Also amazing story telling and editing. Great video.
This is a global problem even developing countries have this problem, people with degrees can't find Jobs and wages are not rising with the fast increasing inflation. Bachelor's degree is now useless you have to have at least a PhD or specialized in some field to land a good paying Job but even that isn't a guarantee.
Keep in mind that Taiwan is a place with high risk having war with China, so living there isn't the same, Canada in comparison is much better.
This is not a recent phenomenon. I graduated with my first degree in 1992, couldn't find a job despite the widespread lie perpetuated by academia at the time that employers "valued liberal arts degrees'. Went to grad school, got an MA. Still couldn't find a job. Went back to school a THIRD time to cash in on the "impending teacher shortage". STILL couldn't find a job. That's when I packed it in and emigrated to a new country, where after ten years of slugging it out in the trenches I managed to fashion a career as a professional educator.
And I was from Canada. Same as you. If you can't get ahead in your home country, time to broaden your horizons and consider leaving. Permanently.
Same here in Serbia.
@@account_two The risk of war has very little to do with the overall global state of the economy/job sector, and whose who are affected by it.
Canada struggles more with having to support mass immigration, something Taiwan has basically no concept of.
Anyway, not that these add anything to the conversation being discussed...
從以前去澳洲打工度假就深深知道工作管道非常重要😂 主要還是自己的想法及規劃，然後從哪裡找到屬於自己的路，像影片中的主角，其實能力都不是問題，執行力也很棒，可是沒有一個合適他們能力的管道可以讓他們發揮所長，這是我從高中就發現台灣的現況，真的不是年輕人不努力的問題，而是努力在不對位的地方，就會心力交瘁，白幹了，人生不能重來，時間也過得很快，要找到伯樂與自己的舞台，年輕人真的不差。
I went teary as I watched this video. This is the same thing most youths in Nigeria face. I am also Nigerian, facing likewise. What struck me at the end of the video is their hope and drive not to give up on their dreams, even though they are not sure it'll come to pass. This is me, trying again, at 27 with no job, and an uncertain future. I'm trying again, to make meaning out of my life. ❤
Come to work at Singapore! :)
@@xxtomoyaxx Not Lah Enough
@@xxtomoyaxx Oh. Thanks for your concern. Although I've never thought of that before, and I don't know how it works. But I'll sure consider it. If you have any tips, you can sure let me know. ❤️
@@lontongstroongI can say lah in each sentence. Am I qualified?
Africa needs to stop praying to some white guy on a cross at least now African leaders are kicking out their European masters !
czcams.com/video/qWY6ELl5Bew/video.html
This is happening all over the world. Most young people cant afford to buy house.
Wrong young taiwanese only cannot afford to buy house in the city.
Because old people are not retiring AND they are living longer which results in increased competition considering millennials are a huge cohort. Graduating into a large cohort is naturally more competitive.
@@Misaka-gt5yj old can't retire because no money
Globalization impacts all of us, no one can escape. Especially in generation transition, resource arrangements, it’s seem a vicious circle. I agree the members said in the video, never give up,always keep positive.
We all live on earth but we gonna pay someone to live in a place on earth because they birth earlier, or their family get the housing few decades ago.
"I believe that no job is better or worse than another."4:19 Bro's going places. A man who respects and honors an honest day work deserves every good thing in life.
Many workers around the world dont realize that hard work is not the easiest way to get good job. Networking, bit of chance, being opportunist and taking risks pay much more
I'm only 3 minutes in and I feel this is a similar situation to what's happening in the United States. Many of us are college graduates and apply to companies that are "hiring" yet many of us aren't getting calls back or are told that they found someone else who was of better "qualification" even though most of them are over the top for what is suppose to be "entry level". Although we don't speak the same language or come from the same culture it seems both East and West share similar struggles when it comes economic hardship and finding stable employment.
right. whole world seems like this
@@morbentfel I was thinking exactly about this. This issue seems to be a worldwide problem. Here in Brazil, I was working in a place where I could make more money than the average salary (RS 1.202,00 average salary) around RS 1.800,00, and at the same time had to pay RS 1.000,00 for my rent. That's why many here chose to live with their parents, so they can save up something.
Its happening all over the world
I had the same problem almost 30 years ago when I started working in tech. Entry level doesn't mean zero skills and zero experience. You have to bring something to the table, but it doesn't have to be much. It could be your customer service skills, coding projects, home lab experience, CS degree, IT certs, or even your boobs. But you can't bring literally zero. Your difficulties in finding the first job are as old as time and the solution is the same.
What i feel is the problem that Generation Z, wants to be more a wage slave than Millennials. Gen Z, also called Zoomers do not start as many companies. Do not risk much, and just expect so much to come to them easily. The reality is, you must take some risk. If you all graduate from the same high end university, but can't even run your own company. It's all about creating value. And market demand. If a company can choose so many of the same highly educated people. Your salary will go down. Best option is to start for yourself.
Thank you CNA for reporting, this is a quite serious situation in Taiwan or even around the world
Quite
@@zhizhuchao thank u sir
** Another fact behind this report:
-Taiwan job market to remain short of candidates in 2023: ECCT report
Taipei, Feb. 22 (CNA) The Taiwan job market will face uncertainties in 2023 amid waning export demand, looming recession, and geopolitical tension, but will still have a shortage of candidates, according to a report co-released by the European Chamber of Commerce Taiwan (ECCT) on Wednesday.
Companies are expected to face challenges in hiring quality candidates and building a sustainable workforce post-pandemic,
The survey found that 78 percent of software, semiconductor, and IT professionals and 65 percent of electrical products and industrial professionals were expecting a pay rise in 2023, the ECCT said.
Meanwhile, skilled talent across all sectors will become more scarce in Taiwan, especially for hard-to-fill roles such as software engineers, the ECCT said.
John Winters, general manager at Robert Walters Taiwan, said that Taiwan's job market is one of the most dynamic in the region and will continue to be a destination of choice for job seekers and investments.
I would urge people around the world to take CNA’s videos about other countries with a PINCH OF SALT. As you know, CNA is a Singapore government-funded broadcast service, and like every other government-funded channels, there’s always an agenda behind the “storytelling”. Many neighbors in ASEAN already know how CNA always uses such “documentaries” paint negative pictures of its neighbors. If you do not believe me, run a ML model over all of CNA’s coverage of other countries - the model will yield many negative sentiments. Dear producers, what don’t you cover salaries of engineers in Taiwan’s semiconductor industry, or starting salaries in TSMC…
@@Kash-is-King I asked my Taiwanese friend about his views of this video - he said most of it is very accurate. The youths are struggling a lot. TSMC is only one company and focused on one industry, it cannot uplift the youths of the entire nation. The country/territory is just oversaturated with graduates and besides National Taiwan University (whose ranking isn't that good either anyway), all other unis there are unknown and the education quality is dubious at best.
Adriel has a wonderful attitude. He's right that no job is better than another and he's trying his best to achieve his dreams. I hope he succeeds soon!
看了影片，真為這些年輕人感到心疼，明明那麼努力，卻看不到什麼希望。
這台應該會被打成中共同路人的電視台
1.大學科系與就業市場有落差。
2.沒有專業技能（找職訓局，重新訓練會更有機會，公車司機、黑手、幼兒園、小學代課教師缺很多）
3.加點創意去創業吧。
地球上的生活一向就是這樣。一將功成萬骨枯。大家繼續努力。
@@mayferalhindi7787創業成功的案例人人稱道，但是真的必須重視的是創業失敗之後還背一屁股債的案例。失敗的遠比成功的多啊。
To the lady who has worked in Singapore and wishes to come back again, Singapore welcomes you back. I really mean it. It may not be for everyone, and no place on earth is, but it has a place for those who have the right mindset and attitude and are willing to work and add value to Singapore, and to themselves personally, in their own ways.
These youths are hustling hard. Mad respect to them for maintaining their optimism, resourcefulness and resilience despite the odds. May they achieve their dreams in the near future.
Such an outstanding vedio! You guys make more people realize the difficulty & harships that the younger generations are facing in Taiwan.
Wow….I am speechless for these young pple. Plse don’t give up, one road may be stuck, but u keep moving, who knows another opportunity will open for u.
having lived in taiwan, i can attest to the fact that taiwanese are definitely one of the most diligent and resilient populations in asia...they are challenged economically but remain kind, genuine and warm to outsiders. truly wish them well.
CNA likes to put bad light on the Taiwanese with CCP help
Thank you!
There's no problem with Taiwan's economy within this decade or even the next decade, it's already a Hi-tech hub, and some young people can't get the decent job they want which always happened in every society.
@@kianono3209you’re just in denial
@@cutiestevie
This is the truth.
In Taiwan, some graduates are easy to get a job with decent pay if they choose the right major field in college.
--
Taiwan's TSMC to recruit 6,000 engineers in 2023
TAIPEI, March 4 (Reuters) -
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday.
The average overall salary of a new engineer with a master's degree is T$2 million ($65,578.07), the company added.
@@kianono3209Not everyone in Taiwan is working in the high-tech sector.
I am appalled by the challenges they are facing but I really find their spirit and resourcefulness encouraging!
Same here in Philippines 🇵🇭🇹🇼 I can relate to the graduates featured in this video, I realized that I'm not alone, life is so hard but as long as God and our family are here to support, there is a reason why we're alive and awake, fighting ❤
God bless.
@@LetsFIRELife God bless to you too.
@@vmlchc Thank you, same to you too, take care & God bless you always! :)
❤
I met Min-ru in Canada. She was a really outgoing and energetic girl. I'm so glad she's doing great in Taiwan. 😭
Geez as one who's struggling myself, I want to give them all a big hug :/
count cards or become a hacker smuggler locksmith or freegan.
@@jarrodyuki7081 😂😂
Me too,hope you goood luck in career…
很多台灣年輕人面臨低薪高工時，還有疫情期間高漲的房價，真的會看不到未來的希望
This is also happening in Malaysia. Housing prices stagger up each year plus inflation but no salary increase, even for those in professional field, its really hard for any career advancement. Taking up more than 3-4 jobs have become a new normal to make ends meets. It's really sad.
Agreed
Its happening everywhere to younger generations and makes it harder for older gens to retire. America, Korea, China, Taiwan, Malaysia, France ect. What in the world happened? Hard to imagine what we can do to change it for the future.
What amazes me is their level of resilience. It is commendable due to its rarity. They aren't complaining. They are stating facts, not finger pointing. They are striving hard to break through and have a very positive perspective and approach towards their lives struggles and future. These are survivors who age gracefully. Their level of maturity is astounding. Their stories are beautiful. I wish them all the best in their endeavors. May they succeed in finding their happiness and living their dreams.
台灣教育主管機關刻意忽視技職教育的政策，讓大多數的年輕人擠進一般大學，追求對就業沒有幫助的學位。一般大學本來就不是針對就業而設計的，系所的目標和課程多半和就業無關，除了工程、醫護科系，普通大學的畢業生很難謀職。技職科大的系所則是職業教育，所傳授的技能都和產業息息相關，也幫學生考取有用的證照，一開始就是為就業作準備，所以學生不論出路、薪資、職業生涯的滿意度…都遠勝普通大學。這些訊息在國中時，就應該傳達給學生和家長，讓學生早早就為職業生涯作好規劃。可惜一般國、高中的老師都出自師範體系，自己都不是技職出身，也不懂這些道理，只會一昧把學生往普大送，拼升學率。40年前不管唸什麼科系，只要是大學生，謀職都很容易，但現在沒有產業專長的大學生，只能做「進入門坎」很低的餐飲、服務業，職業生涯自然很辛苦。
這件事情現任政府一直有在做
但你不也應該知道 台灣的總統職權😂…
你光是要統合底下的各方勢力
就不知道要消耗多久了
台灣人最根本該重視的問題 卻視而不見😅…
舉個例 日本媒體說飛彈飛過台灣 大家都相信 也全力的開噴執政黨政府
但同樣也是日本媒體 說台灣軍隊有90%中國間諜 卻沒人相信😂…
這個社會的大多數人都在裝睡 叫不醒沒用
技職生比你想像的多，只是師範體系學生還是太多，根本供應不了那麼多公職
現實是台灣根本沒有國際競爭力雄厚的多元深度產業，你有產業專長也無用
@@where8113 你指哪方面的國際競爭力😂？要說科技業的勞工能力 台灣真的算是全球數一數二的 不然一堆美國企業幹嘛來台灣本地招商😅 況且內需都處理不好 整個產業結構都有問題 還在妄想什麼國際競爭力才是腦子有洞😄 先把份內做好吧
@@where8113台灣的國際競爭力很強好嗎⋯⋯不是只有半導體而已
整個科技業都很強
I love how they ended in a positive note. I hope they will all end up doing extremely well!
I hope they do well but have the guts to walk away if they inherit a system that doesn't let them get ahead. Home prices should be 3-4 times one person's annual income for a residential home. If they are 10X or more, quit the system and collapse it.
As a Taiwanese young professional in the age of 27, my feeling after watching this video is that I'm so grateful for having the resource from my family which allows me to go to the states for studying and searching for more opportunities... I'm now working at LA, although not getting paid "a lot" like people in bay area do, at least I never worry about living and still be able to travel and have savings.
My mom often tell me to go back to Taiwan, but after watching this video, I'm afraid of going back to Taiwan to be honest. I'm not sure if I would be able to maintain the same life quality in Taiwan, if I would be able to find an opportunity there and grow my career... I miss my hometown and family a lot, but feels like there's no way to go back home.
Just curious what do you do
Im just glad to be singaporean, happen to be lucky to buy a gd size house near my parent just before covid strike the world into a mess, singapore is the best
bless the first gentleman for his translation work! We are grateful for it!
Gosh these young people are so inspiring - wishing you all success in whatever form that takes for you.
年輕人不怕辛苦，但怕沒有希望
This problem does not only exist in Taiwan, it's also a burning issue in many other Asian countries too. Too many graduates from universities, not to mention those who studied abroad and then came back to their hometown; while there's clearly a lack of job opportunities. And the problem is to get a well-paid job, students have to have qualifications and diploma. Even when they got it, no one guarantees that they could get a stable job with reasonable salary. So if they don't go to uni, they won't be likely to earn much money, even when they do, the future is still bleak. It's depressing. Students have to intensely compete while companies can take advantage of it, and more inequality (not the type in which the rich get richer faster than the poor, but the poor get poorer and the rich get richer).
😮y y
Do the students that return after studying overseas get better jobs?
ofc, my friend is a junior at the University of Toronto, and he earns approximately 80,000 NTD per month from his internship during his gap year. @@INTELLIGENCE_Revolution
Not just Asia. In Europe the cost of living has risen astronomically since Covid pandemic. The developed world economies are all in a lot of trouble e.g US, UK, Germany, France, Japan etc. They are experiencing stagflation and high unemployment as their economies shrink.
Documentary is FLAWED. It still depends on the schools and the field you go to college to. STEM in TOP university obviously pay a lot more! social science or arts graduates are dime a dozen. You're better off going into a trade. It's always been that way but the documentary FAILs to mention that.
I really resonate with the video for feeling 'stuck' in this situation, literally used exactly this word when talking with my friends.
Wow, this one was surprisingly good. I have to say I really felt sorry for the 33 year old man who lived in a tiny room. But the spirit of these young people are still with optimism, I wish them well.
He chose to live in a tiny room.
@@earlysda Less housework.
I left Taiwan in 1975. What happened to the vocational post-secondary education system when I was there? Many skilled labors can make a lot of money than some of the college degrees and it is cheaper to finish vocational colleges. My heart goes out to this generation of young people in Taiwan. The housing and cost of living are so high and the pay is so low. What a sad situation. Please try to get married so you can combine two income to live. However, most do not want to get married because they feel they are poor.
Lots of wise advice in your comment, alice.
Yep, how can they afford iphones and LV bags?
@@johnmcgill3603 obviously someone is lying here. Taiwan presidential election is coming 😂… videos like this are like locust crossing haha
In Vancouver it’s getting impossible for people making 65 to 75K a year to rent a two bedroom apartment or basement suite. It’s absolutely insane! I was very lucky that I worked for 20 years and saved and saved by just renting a room from a friend and was able to buy my condo 17 years ago when it was affordable. My condo is worth so much now I would never be able to purchase it now. I feel for young people who have a great education and still can’t afford to rent a decent home in this crazy world. I totally admire these young people and I’m exhausted just seeing how many jobs they are working just to survive.
The content of the video is true.
I worked as a mobile application developer in Taiwan for four years and my salary changed from 30,000 at the beginning to 35,000 NTD.
It is really sad ☹
震惊中，，，，你们来大陆工作需要工作签吗？
I searched for jobs part-time and full-time in Taiwan from my University days for 6 years as a foreigner student and I eventually got a job 6+ mths after graduation with a maximum salary of NT29000 for 2 months, on top of inflation, hiked rents and the late start and the door being opened too little too late and at the wrong place, I eventually burned out and packed up and went back to my hometown in Malaysia to apply for Masters while getting hospitalized several times few months after being back home. Perhaps it's the dark times we are forced to forget about working in Taiwan and only studying and up-skilling despite Taiwan having such a modern economic system. Which is now why I also want to start an eco company after or during Masters. All of this from personal experience only.
You should have to work in China.
I have relatives and friends who did extremely well there including getting married, have child, brought their own apartments+cars and continue developing their career.
One in Advertising and the other one is quantity surveyor.
@@stevenliew2507 Indeed, I should have. Once I'm done with my graduate studies, I'm going to China. Although, I do climate research work best and related studies, i.e. agrovoltaics and agroforestry etc. of which I believe the work in rural China is in very high demand.
@@stevenliew2507
China has 11 million graduates in 2023 .
20% of China young people are jobless.
@@wjj7488 that's very true. The news is big on that. I've met young graduates from China saying the same thing.
Start a business. It may or may not utilise your university degree, but it'll reduce your dependence on employers and give your more earnings.
Hey CNA, when one of the subjects say they pay 60% of their salary for insurance every month, most likely it is a form of insurance savings plan. So it is probably not the case that she has $0 savings every month. Hope you can clarify and provide a more accurate picture
CNA is a Singaporean news outfit who's in league with the CCP and KMT trying to portray Taiwan as a lost cause.
Thanks CNA for this well done piece. We're lucky to be able to access such good journalism.
Great and informational! Really appreciate this kinda content! Keep doing more!!
This definitely happening everywhere in developed countries especially. In the UK, Eu and the USA is happening the same. Therefore many Gen Z is going into trades as there is limited opportunities.
The trades in the UK pay very well because not enough people train to become plumbers, electricians, bricklayers etc. Those that do start earning 3 years earlier than those that go to university and leave with a huge debt. Plus, trades aren't yet at risk from A.I. and they know how to renovate old houses at low cost-far cheaper than buyer a new house. Meanwhile, too many young people think university is a dream ticket-perhaps it is for medics and dentists but not for many.
@@alexp1054 Unfortunately, the trades have their own problems. For example, they should receive physiotherapy or paid gym time on their jobs, so they will remain healthy and be able to work until retirement. Far too many tradesmen end up with injuries that are easily preventable.
I don't see anything wrong with going into trades. That's what builds houses. Marketing and editing don't.
Problem is you are tricked into a very expensive and useless sub-par uni and ripped off outrageously first, then forced to go into trades. What waste of time and money. Modern day higher education is a scam for many young people 😢😢😢
@@andronac62 Agree with you for many courses. I did a master’s at NTU in the UK and the course leader said on day 1: ‘Don’t worry no one fails this course’. So, one buys a degree, doesn’t earn it.
Instead, 17/18 years should ask themselves why >50% graduates not expected to repay their loans? Because the courses don’t automatically lead to well-paid jobs! If these loans didn’t exist, far fewer would go to uni. Unfortunately I think getting a degree is still a status symbol.
The problem is that too many Asian countries push for this idea of go to school get a degree and you automatically get a good paying job; pushing and wiping out most innovation from the generation. They need to embrace a system more like in Germany that props up both blue collar and white collar groups along with creating businesses by helping reduce risk for people starting up businesses. Asia is too focus on education that he blinded itself to how reality works, to the point we have tons of educated people without jobs for them.
Tbh asia really stuck in the past, with the older generations not empathizing the younger ones and just criticizing them. No wonder none can afford marriage, children and a house.
it's the same in europe? (speaking from the netherlands). the reality is that people want a dream job with a dream salary.
LoL ...Germany is going down the toilet !
no different than in western countries in europe or north america. there's lots and lots of good high paying jobs, but you don't automatically get them just because you have a degree. a degree nowadays is like high school diploma 40 years ago, it's basically just a license to work
@@etow8034 IMHO, German is screwed by geopolitical tension and over leaning to climate change with no plan B, that they have no choice but to reduce their industrial outputs. I don't think that has anything to do with their support of blue collar model.
thank you for an eye opening video on Taiwanese recent graduates struggling to find employment to make ends meet...long time ago " go get a college degree and the rest will be smooth sailing". Guess many were on the Titanic because not only the salaries were suppressed, the high rental in larger cities and hardly using their degree -are very frustrating. Andy who came up with non-profit matching underutilized apartments with drifters is excellent use of his vision to help locals instead of escaping to the west...the world has changed and the geopolitics are very tense...regardless may the young adults continue to do their best
Love CNA Insiders Motion graphics style. High quality!
As a person in Taiwan for a whole life, I honestly think the video I seriously biased. Young people of all countries usually suffer the most difficulties in the society and I would say this phenomenon is pretty universal. The real estate in other cities other than Taipei is much affordable. Complaining about the high house prices in Taipei is just like complaining that in Manhattan. While some people do struggle with their lives for sure, others are still fighting for better life standards and improvement. I would suggest people to take a broader view of how Taiwanese people really live in this country instead of only watching videos like this.
Exactly, this is so dumb. Why not talk about GuanXin village where per capita income is 3 million? There are poor people everywhere and they need help and guidance but to portray it as what is happening in the whole country is ridiculous.
Min wage is 28k and they say fresh engineers make 20k? Even Mcdonalds pays 30k.
I don’t think it’s biased when they interviewed different people including the older generations which agreed that there Is an issue. They backed it up with statistics too. You are all just in denial.
The basic fact is that Taiwan wage growth doesn't catch up with inflation for 2 decades
@@cutiestevie interestingly, the older generation only speaks for her professions, which is related to the publishing or editing , and that has always been the low paid career here. Taiwan is a manufacturing hub and interestingly the engineer, even the blue collar worker job makes way much than office worker or people work in media or publishing industry. Off course the supply / demand imbalance in the university graduates and the white collar job is a real fact too, but it’s not because taiwans economy is doing really bad now, but it’s because the whole society is really preferring their children to do white collar jobs instead of blue collar ones. Now construction workers here are extremely in short and their minimum wage is 80 k ntd, which can be double of the young white collar workers. And there are still not enough people want to do those jobs, thus we need to invite immigration workers from Thailand and Vietnam to do those jobs.
Many youngsters , especially females, are extremely reluctant to do jobs that not in an office space, and making them all competing for administrative jobs, even assistant jobs with very low pay, and that’s the true reason making those “ office jobs” extremely under paid.
That’s why I said this video is very very narrowed based and biased without seeing a whole picture, without considering the industries landscape and education differences. Jobs that considered to be highly paid in Singapore, may traditionally be lower paid here. Seriously , take a look at other jobs other than the “ easy office job” here, you will see why.
( and btw, I want to also clarify one thing that the service industry and none skilled jobs are always the lowest in the society , it’s not unique in Taiwan. And also, the 30k of job in a manufacturing company is much below the average as I know, so I’m really doubting she was in a very underpaid company. Average freshman of those jobs are 40k for engineer.
Keep in mind that a lot of companies pay more than they report.
It's also the same when some smaller business like to accept cash instead of VISA cards.
All for the similar reason...
I love Taïwan but when I was there I noticed the working class seemed to be pretty stressed and not as friendly as before. Especially the 7 eleven workers and food people, I could tell people were not getting paid enough
Odd...I was in Taiwan in April and found the 7-11 workers mostly pleasant......
if you can find a 711 guy that’s happy then he or she prob don’t care about money. I never expect friendliness when I go to a 712
I mean they earn probably 22k NTD a month.
Lol you have no idea how much bullshi* 7-11 workers have to put up with. I'm not just talking about demanding customers here. 7-11 in Taiwan it's like a super convenient store. By 'super' I mean they are constantly expanding their services and this means the workers have to always adapt and DO EVERYTHING. Don't expect to receive superb customer service because it's not about the customer experience, it's about the AMOUNT of services you can receive in a single store - printing, ibon machine, ATM machine, get the bills paid, merchandising, cooking the tea eggs, making ice cream, bubble tea and coffee, parcels collection. The list goes on and on. One time they forgot to make my coffee and I waited there for just about less than 10 mins, the worker sincerely apologised to me but I said it's totally fine. It was so busy for him. He had to deal with the queue by himself and he simply forgot to make my coffee.
@@derekhayter4879 minimum wage is 26k lol. no way it’s lower than that.
Same problem everywhere. Young people work their butts off, go into debt to get that degree, then end up in three or four jobs, barely able to support themselves, or forced to move back in with parents. There’s no time for a social life which means they don’t find a marriage partner or have children. Some of them give up. Others work themselves into an early grave, ending up old and alone.
I like this video that I watched it to the end, there's something to learn from other people who are facing difficulties in lives
What a resilience those young people have ! Please don't give up. There is always a way out !
source: trust me bro
the people you interviewed here are all admirable. i truly hope they’d get by better.
" We are not like a drop of water in an ocean, but a drop of water in a desert "
powerful words...
Thank you CNA for reporting, commenting to boost this video in the algorithm
Well, this is not just happening in Asia or Taiwan specifically. Looking at the Vancouver, normal income is around $50000 CAD per year (1265000 NTD), that is around $3300 CAD per month after tax. A 1br will cost $2400 per mo. Even a room in the basement will cost you $800 per mo. Not to mention a cup of bubble tea cost you $7. Young generations or middle class are suffering everywhere, not just Asia or Taiwan.
Because working class is the one, which really does metter. Upper class are leaches, middle class are leaches wannabe. Go learn how to produce steel or build roads instead. Class system is stupid anyway. Working class should be absolute majority and their rights should be the most protected by law, and their needs should be outmost priority. But Taiwan follows stupid America with its Imperalism... So, reap what you sow.
I've lived in Vancouver and I can testify that this comment is very very true. Usually people would share rent by cramming into a house with 2 or 3 other people, so as to lower the rent paid per person.
Sadly that's life. It's happening everywhere pretty much.
$800 room not a chance! in Burnaby or Surrey sure but not in Vancouver itself.
Yup, it's not a Taiwan thing. The only countries not suffering as much are countries with extensive public housing such as Singapore, HK or Japan. The government subsidized housing takes a huge burden off.
I work as a freelancer from the PH and my clients are all from the US. Seeing Adriel's skillset, he could easily make millions if he found a way to find clients in the US via online job portals.
what platform are you using?
@@Nijin8492most filipinos are in Upwork i think.
A very eye-opening episode. I am from a central Asian country and I found their situation very relatable. My parents are paying for my tuition fee so that I can graduate debt-free. But the cost of living is getting way to expensive and I know my parents are struggling to finance my education ang living expenses. They also believe that a college degree is a "golden ticket" but in the reality it has absolutely no value in today's world. Seeing that these Taiwanese young people are doing their best despite the obstacles is very inspiring. Complaining won't change anything and the sooner we face the reality, the better. Hope we can all overcome these difficulties.
Complaining, by which I mean organizing into labor movements that support workers rights, will absolute change something.
Documentary is FLAWED. It still depends on the schools and the field you go to college to. STEM in TOP university obviously pay a lot more! social science or arts graduates are dime a dozen. You're better off going into a trade. It's always been that way but the documentary FAILs to mention that.
In my country having a college degree still has the value of granting you earlier promotion in your career, though we're now moving to also give more recognition to work experience of non-graduates
All of East Asia seem to have the same problem: Taiwan, Japan, S Korea, China: very low fertility rate yet high youth unemployment
It is heartening to see Taiwanese to be positive in their perspectives and outlook in life. They will prevail 🙏🏻
Thank you and yes we will!
Most of the better paying jobs in Taiwan are in Tech companies. Programmers are quite common to get NT 1M a year although still having to work overtime. If you are a new employee in TSMC, it's possible to get 2M including the dividends.
So a lot of people who initially study liberal arts or art academy would often transfer to such jobs. Which leads to the problem that we might lack diversity in different specialties.
While this is true it would then cause a huge surge of people all vying for the same limited jobs. Take Korea and it's tech sector. While it is still huge and growing it has slowed down and with so many youths trying to enter the field, there are too many applicants and not enough jobs available.
@@angelortega2016 That did not happen in Taiwan. Most industry are still lacking enough workers. The reason is addressed in the video, many graduates with bachelor diploma are not willing to accept low pay, they would rather go unemployed.
There are 728K foreign workers in Taiwan (2023), most of them come from Southeast Asia, they fill in a lot of more labor intense job
@@mySDK3333
That is true. But regardless that still means there an issue. How do you convince people to go for these labor intensive, low paying jobs? Especially with costs of living rising rapidly.
Your last statement suggests they're using foreign workers. So would using foreign labor be the solution?
@@angelortega2016 I think there's no easy answer for complex problem. 😅
I feel really bad because our country is just exploiting those people from other countries. They leave their family, travel to a foreign country to get underpaid.
@@mySDK3333
I appreciate the fair response. It's a complex issue with no real one solution. It has to have a multifaceted approach.
Thanks for the video
this is the exact same situation here in the USA too... god i really hope we all can have a good future one day soon.
This seems like a common phenomenon in many countries. Can CNA cover this as a global issue?
CCP said NO.
@@michaellee401isnt USA who must say that?
If they are not paid by Disney World !
If the western mainstream media can hide 3 million people protesting in France, you think they will tell you the truth ? ...LoL
@@michaellee401 CNA is from Singapore
現在在台灣買房子 真的很不容易 感謝CNA報導這項問題🙏
館粉 低智商確認
@@veryinterestingpersonaliti8321 是真的不容易，他說的是台灣現狀，結果你只會貼標籤?
@@veryinterestingpersonaliti8321 請問您又有多少間房?
@@veryinterestingpersonaliti8321 不好意思 跟我家人住 我也很想買新房子 講話不要怎麼沒道德 好不好先生（小姐）！！
@@veryinterestingpersonaliti8321 不食人間煙火的孩子
As a Taiwanese working abroad, I'm glad to see the kids back in Taiwan live in positive attitude and never look back down! This is true Taiwanese value 😇
Their work ethic is admirable
Being in my mid 50's I seen this coming a long time ago. As the population keeps increasing all over the world, and the younger generation generally follows all the old out of date advice about getting a high education, or all the opportunities will be in Tech. You can't have balance when everyone is pursuing the same general path. What worked 10 or 15 years ago will probably not work for this generation. An old wise saying says, never follow herd. I personally went into the trades and it has been rewarding. Learn to fix something other than a PC. Go after the jobs and careers that supply a much needed service that not many are pursuing. And don't be scared to roll up your sleeves and get your hands dirty, we can't all be computer programmers!
I am on the same line of thinking. I was doing my degree in the early 90s. At that time I knew it will be herded to a cliff, too many graduates per year, too much debts and fake growth. I tried to alert as many people during the time, don't get a degree unless you can get into top 5 universities for engineering, go for trade skills instead. Everyone thought I was a lunatic, don't know what I was talking about. It's just simple supply & demand which ironically we all learnt from schools but none of us actually "apply" it. I stuck to my belief, fast forward 20 yrs, got my son into summer job at 14 (youngest legal age), then apprenticeship at 17. Now, 9 to 5 job at a hardware manufacturing company, no debts to pay, he can literally enjoy some of his wages and save them.
People are too gullible always trusting the government, the whole scheme is to prop up the banks. It's so obvious.
AI is going to decimate desk jobs in the next 5 years. I'm half-lucky in that I was a programmer for most of my life and enjoyed a good career. The unlucky half is that I'm 51 and will need to find new skills, so I'm kind of stuck given my age. Anyway, for anyone in their 20s, for goodness sakes do NOT aim for IT jobs like programming, graphic design, web design, writing, SEO, accounting, paralegal, ANY kind of desk job - you're way way too late. As the person I am replying to says, go for something offline, off-computer.
agree.. with tech wave and everyone going for tech jobs, there will be opportunities in hands-on jobs in future.
twmax, the population is NOT increasing all over the world.
@@earlysda Yes, population isn't increasing all over the world, I should have said the world's population is increasing and becoming increasingly competitive. How's that better?
This is also about a two-tiered economy: the tech-heavy economy and the rest. Many economies you see this in economies that rely on the natural resources sector or tourism sector. Something similar is going on in Ireland where there is a two-tiered economy around the tax haven/tech sector and the rest.
Tech pays so well because it's essentially bribing the population to help construct their own future prison, helping create a more efficient control system for the rulers.
This is why things which actually help humanity, and are not in the rulers best interests, pay absolute dogshit.
Watching this right after the dive into MLM in Singapore is heart-breaking. MLMs have ravaged Taiwan. 1 in 3 households have some connection to MLMs as people desperately try to climb out of the bucket of shared misery.
Their stories remind me of my struggles in London. It's tough living in big cities!
This was painful to watch, it’s too real. As someone who’s experiencing a burnout from uni (I picked my college major based off prestige) it’s difficult for me to even envision myself living a life like those in the video (who I believe represent the medium of our younger working population). Unfortunately I wasn’t helped to equipped an employable trade from my undergrad education so far, and it’s not far fetch to see myself become a hikikomori down the road.
Join the club. We have cake. Well, they're expired, but it's all we can afford. There's enough flames in this world all around us, without us stoking that fire. Become Hikkikomori. When life throws you nothing but lemon, just say f*ck the lemons and bail.
Honestly. Same. But I don't want you to give up. Yes, even if you lose hope in your surroundings and future, and even in your own capabilities, don't give up! I'm rooting for you.
what major did you choose?
Taiwanese people are some of the warmest in Asia.
Amazing how they can still laugh genuinely in the video. I hope things can improve for them.
A decade ago, not long ago after my Uni graduation, I was in my almost mid-20s. I have been doing some low-paid jobs for few years including working abroad due to poor economy in my home country. From hotel (all-rounder including housekeeping), serving Starbucks for two years, and call-center job. The last one has helped me to start a junior position in a bank. The field I am working now, and is rather a good paying office job. I can absolutely relate with young adults from Taiwan. I fully understand your struggle and I know you can make it. You have the courage!
May I ask where do you come from and which country did you go to?
@@user-nw2oq7do9x I am from Poland and I have been doing hotel job in the UK in summer 2008, summer 2009 and again in 2011-2012. I came back to Poland in mid-2012, unemployment at that time in Poland was over 10%. Minimum wage in 2012 was really minimum, around 2,50USD per 1h. Now unemployment is around 5% and my salary is above average. Minimum wage in Poland from 2024 will be more than 7USD (still low comparing to Western European countries) but more than I was earning in 2008/2009 in the UK.
I love Taiwan. I've been there for a week for work in 2012. The place is clean, vibrant, and the people are resilient even when facing economic challenges. A lot of innovative creation are made in many places like Taipei, Tainan & Taichung. Their youth situation is the same as Malaysia, but the difference is seen in the characters of their people.
We are rich with natural resources. Taiwan's asset is their people. No wonder they make a living elsewhere.
I worked in Taiwan in a factory and my salary i could say its way way better than in my country. If given a chance i will still would like to work in Taiwan. I love it there. Ni Hao!
Because you are from a Southeast Asian country, not Taiwanese, and do not live and settle there.
@@footlessbird1998 lots of filipino friends in taiwan who are married and they live happy and contented in taiwan.
You don't need a degree nowadays. If you are earning 20,000 and your loan is 500,000. It doesn't even make any financial sense.
They been brainwash to believe the College experience is worth it.
Degrees were never about finances. They’re about learning. Why does everyone today think university is only about making more money?
@@On_The_PissBecause the cost of "learning" is increasing much faster than inflation or wages. If the cost of learning becomes unaffordable, then it needs to be considered as an investment. Then, the student needs to evaluate the potential return on that investment.
@@MyMovie5858 That isn’t a university issue though, that’s a market issue. A capitalism issue.
Yup, that's a very poor investment.
Its the same situation in Malaysia where there’s a huge gap between young graduates skills vs what the market needs.
Great topic!
this is the same everywhere, our elders are living well and living long and making our generation do everything
Thank you CNA, these are precisely the challenges faced by young people in Taiwan.
This year, I participated in a housing justice march as well. Although the overall environment may not be changing rapidly, there is still hope for gradual progress, step by step.
台灣加油~!
fake news made by sg.
所以…？
難怪會沒救
@@veryinterestingpersonaliti8321bruh why u gotta be so negative
@@mystery-z because it's pure political manipulation 100%. The purpose is to bring a pro-China government in Taiwan to power. The presidential election is coming soon 2024. You have no idea how difficult it to be a Taiwanese.
新加坡是一個無恥的國家，宣揚獨裁、審視其他國家，並且以錯誤的資訊來描述台灣，把台灣形容成一個煉獄,下流至極。台北的街頭隨處可見的週休二日工作八小時都有35000起跳，請問這漏洞百出的視頻給你們帶來所謂“真相”了嗎？一堆人還因此相信，真是中了他們的詭計
This is literally exactly the same situation in the United States...Brutal guys, I hope things get better for all of us.
Keep up the hustle my fellow brother and sister. One day we will make it.
As a recent graduate from Taiwan, I can relate a lot to others in similar situations. I consider myself fortunate as my parents have supported me by paying for my tuition, and I don't have to worry about rent . I graduated from a prestigious college and have access to more resources to pursue my career path. However, when I see my friends who I met in junior high, they don't have the same advantages as I do. It is challenging to encourage them to have confidence in their future, especially when they feel frustrated about working in jobs that are not related to their degrees.☹
You are a great person. Nice empathy. This is a problem faced by the globe and no one is the suspect. I too is in an unfortunate situation, it's really hard to compete with students that are supported by parents or at least have parents. Demoralizing sometimes but still, being human and let's do our best to make world a better place.
Confidence is not a mental trick or game, confidence comes from evidence that is clearly seen by all that there is a good future based on what everyone sees and experiences. Confidence based off non reality is call delusion and that bubble bursts when the rent is due
I enjoyed the documentary's interviews and its personable style, which showcased the struggles of young people in Taipei that many can relate to. However, as the documentary drew to a close, I found myself chuckling a little when the commentator suggested that young people should go to a Western country as they have a competitive advantage, as long as they don't have a language barrier. It struck me as a very idealistic view of the West.
Exactly, I'm in Canada and CNA failed to recognize this is a worldwide issue in almost all the "western" countries as well.
I think the point is that the average Taiwanese is highly educated (whether that education involves sufficient critical thinking is up for debate) and are more likely to get a higher paying job in the West, not that younger Westerners don't face the same problems. The stats shows that the Taiwanese immigrants in America have the second highest wage only after Indian immigrants, so they're doing something right.
@@alexp1054 While I am not against immigration, I strongly recommend that those planning to immigrate conduct thorough research instead of relying solely on immigration consultants. It is important to note that while higher wages can be earned, the cost of living, especially housing, is also higher. In Canada, it is not uncommon for new immigrants, even those who are highly skilled and educated, to be employed as low-cost labour. While there may be exceptions, I do not see the situation improving in the next 3-5 years.
@@milaapotinpsychimou1274 With all due respect, it doesn't matter what you see-what matters is facts. Taiwanese Americans are amongst the top earners in the US.
@@alexp1054 Because the cream among the Indians go to west, hence they are highest earners. Average Indians are no more than cheap labor (Fault of our education system)
so great young generation. Wish all of you guys a wonderful future!
This was good news that shows the reality of Taiwan's youth.
In any country, young people are struggling in their given environment. I wish these young people success.
I have visited Taiwan as a traveler. I will go back for another trip! Absolutely.
The entire world is like this. NYC, London and Paris, everyone facing the same issue specially when u studied something wrong. The generation of forever renters and forever workers are here
It is not just a Taiwanese thing as these problems are happening all over the world.
you mean every developed world
Spending just 30-40% on rent for basic accomodation on a lower than median income is honestly a dream come true seen by western standards. As far as I'm aware in all major European cities (and most medium sized ones too) you can expect to spend 50-70% of your income on rent alone, if you're single and maintain an average salary. Same goes for most places in the US.
@@FromDkWithLove Taiwanese love complaining, it's the national pastime.
In Taiwan, if you want to buy a house or apartment , you have to earn over 56000 US dollars once year (even outskirts)...but the most of Taiwanese only earn 16600 US dollars once year. I'm not sure HK and JPN's situation. but I know Korea people same as our.
@@ryanisbig so… what now?
Proper respect to this young man lacing up his boots and grinding the endless grind to gain even a ounce of advantage for himself
I'm a Taiwanese. Shouldn't our always self-praising great leader Tsai watch this video??
No, she won't. That's the simple and pathetic reality of Taiwan.
And that's what these politicians called DEMOCRACY brought to us.
We can relate.... In Romania (Bucharest) is almost the same..... :(
I love how we use the big mac index to gauge living cost and they use the bubble tea index
Now that you mention it.. 😊
very inspiring i really like person who try hard and not give up easily respect for you all
I really wished this video defined if the costs/salaries were per month or per year... it was hard to keep up and grasp the severity of some of the cases
industry is more automated. **less jobs**
capital moves freely between countries. **salary get lower**
politicians are less responsible. **hard to make policy change**
the future isn't so friendly for people without fortune.
This is literally happening everywhere regarding being priced out of living but Asia specifically has more overqualified and over educated people fighting for entry jobs.
Bad competition😂
Judging from this video and several others just like this in reference to Korea Youth and China Youth!! I can honestly say that living in the Now is going to be a lot harder for young people even here in the states!! Most young people struggle here as well and that's due to the economy and the cost of living!! When I first started out the economy was booming and inflation was low so all my college friends were able to get good paying job right out of college and live good save and put back for our kids college!! Oh how I miss the 90's when everything was affordable 😊!! Now nothing is affordable at least for this Generation!! Keep your chin up guys 💪🏽 and let's hope for a BETTER TOMORROW!! Phenomenal 🔥 Video and Thanks for Sharing 💚🤍🍀🤍💚