Moon urged to re-examine employment plan
(WorldNews South Korea)

By Kim Jae-kyoung Global economists have called on President Moon Jae-in to re-examine his jobs creation policy because it could become a heavy social burden in the long term and undermine the nation`s economic growth potential. They urged Moon and his policymakers to look closely into the efficiency and productivity of the public sector jobs they seek to create in order to avoid serious pitfalls. Alicia Garcia-Herrero, chief Asia-Pacific economist at Natixis said Moon`s plan for youth unemployment is a `step backwards.` `What Korea needs is to build a vibrant private sector that can innovate and create jobs no matter the consequences of robotization and AI on job creation not only in Korea...