Most Part-Time Workers Fear Job Losses Due to Minimum Wage Hike

  • By Lim Kyeong-eop

    August 08, 2018 11:49

    More than half of part-time workers are concerned that the increased minimum wage next year will cost them work.

    In a survey of 3,011 part-time workers by job portal Albamon released on Tuesday, 85.8 percent, or 2,583 respondents, said they were concerned about the minimum wage hike next year.

    A staffer displays products in a store in Seoul.

    As reasons, some 57 percent cited difficulty finding a job as there would be fewer part-time jobs available because small business owners cannot afford the hike.

    Some 47 percent said they feared a rise in living costs, and 21 percent were worried about layoffs and shortened work hours.

    Respondents were allowed to give multiple answers.

    Part-time workers were also concerned that small businesses will face tougher financial conditions. Some 82.2 percent said they could understand employers' concerns, and only 17.8 percent said they could not.

    The minimum wage will increase by 10.9 percent to W8,350 per hour next year (US$1=W1,123). Some 49 percent of part-time workers said the increase is in line with their expectations.

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