September 14, 2004 18:54
It is shown that although the amount of wages of full-time male workers steadily increased until the latter half of their forties, part-timers' wages peak in the first half of their thirties, and decreases continuously afterwards.
According to the Korea Labor Institute on Tuesday, the 2002 wage figures of full-time workers, with the wage standard of 20-24 year olds set at 100, increased continuously to 135, 186, 212, 215, and 226 respectively in the 25-29, 30-34, 35-39, 40-44, and 45-49 age groups. The figure finally decreased to 217 in the 50-54 year age group.
On the other hand, in case of the part-timers, the figure peaked at 190 in the 30-34 age group, and revealed a downward tendency by recording 182, 188, 169, and 178 separately in the 35-39, 40-44, 45-49, and 50-54 age groups.
In case of female full-timers, it was shown that each age group of 25-29, 30-34, 35-39, 40-44, and 45-49 respectively recorded 118, 133, 128, 123, and 117. With part-timers, 25-29 made 127, 30-34 made 98, 35-39 made 97, and 40-44 made 96.
“A very rigid wage system based on one’s service experience is still overwhelming in companies as a theory of deciding one’s wage level,” remarked the Korea Labor Institute, adding “A rapidly increased wage amount caused by the experience-based wage system is limited only to the internal sectors including the labor union and full-time workers of conglomerates. In case of sectors of outsiders and sectors that do not have any labor unions, the influence of the experience-based wage system have greatly weakened.”
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