Joong-Ang Daily: Defender of the Middle Class
17 July, 2008Tucked into my daily copy of the International Herald Tribune is a copy of the Joong-Ang Daily, which affects to provide a regular dose of Korean news but which usually succeeds only in riling me up with its pisspoor reportage and disingenuous social commentary. I'm not sure how much it costs to fold the Joong-Ang into my IHT, but I can assure you that its inclusion, on most days, devalues the package as a whole and I like to think I'm doing the publisher a favor by taking a copy off their hands everyday - a guaranteed point in my karma column, six days a week.
I write as much after reading this feature in yesterday's edition of the Joong-Ang, in which the paper profiles Kim Byeong-Cheol, a former branch manager for Dongwha Bank who, at 50 years old, lost his 80 million won per year job when Shinhan Bank acquired Dongwha in the wake of the 1997-98 Asian Financial Crisis. Since that time, he's sputtered and lurched from one failed business venture to the next and now relies on the income from his wife's noodle shop to pay the bills each month.
In the last decade, Kim has also gone to the mat with alcoholism and cancer - a hard-knock life, to be sure. The writer of this piece, Choi Joon-ho, however, chalks up Kim's adversity to every factor - inflation, energy prices, corporate consolidation, decline of the middle class - except Kim's life choices. No one will argue that Kim asked to be laid off from his job, but neither did anyone ask him to become an alcoholic and check out for six months. As a result, the reader is left scratching his head, wondering what men like Kim would have us do for him. Would he prefer that the government insulate everyone from the swings of the economy, or that it limit his chances strive for improvement, even at the risk of failure? A government can certainly do this, but I don't think Kim would be too happy with the resulting standard of living.
Just when I was ready to pitch the paper into the shredder in frustration, the article went me one further and quoted Kim Mun-jo, a sociologist at Korea University. Full disclosure: I don't have much time for the field of sociology, a discipline filled largely with doctoral grumblers who either failed or never attended their economics courses in university. I was little surprised, then, when I read the following:
The questions begged in this excerpt are numerous, so let's hit them one at a time. First, how is Kim measuring his income for his definitions of the middle class? Is he using household income? Per capita income? There are, as Mark Twain noted, lies, damned lies, and statistics, but no one at the Joong-Ang felt compelled to explain these numbers.
As for consumption, it's human nature to want more than we have, but this doesn't mean that anyone should be guaranteed an apartment in Gangnam. Hell, I'd like to think that if I work hard, live a virtuous life, and floss regularly, that I'll be able to afford an apartment on Central Park West, but I choose to be realistic and know that it will likely never happen. Am I bitter that someone else can afford that apartment? Not especially. One cultural factor exacerbating the financial woes in Korea is that every Lee, Park and Kim wants the same apartment, the same job and the same goddamned car, thus putting a premium on these items. There are, however - and contrary to popular Korean belief - livable areas of Seoul other than Gangnam. The Korean obsession with living in Gangnam, then, is not an economic problem for the government, but rather a trace of that nasty human tendency toward envying what others have.
And finally, how exactly does one define, much less quantify, the percentage of "future-oriented" people with positive attitudes? Sounds like a job for a sociologist to me.
I'm not, in all of this, ignoring the fact that much of society is being squeezed by the current rise in energy and commodity prices. They pinch - believe me, I know. I'm not rich and I have to pay them, too. Still, by virtually any measure, the middle class - and, I would argue, the lower class - of Korea is better off today than it was ten, and certainly twenty, years ago. I defy anyone to walk into an "average" Korean house in 1988 or 1998 and honestly tell me, after evaluating the standard of living, that you'd rather live in those bygone times.
The writer of the Joong-Ang piece also fails to note that one of Kim Byeong-Cheol's chief obstacles in the past ten years has not been economic hurdles, but rather cultural ones. With its obsessive, Confucian focus on age and hierarchy, Korea is a terrible place to make a fresh start when you're in your fifties. My mother, to fight anecdote with anecdote, returned to university, earned a graduate degree and completely changed her career while in her forties, a feat which would be almost impossible in Korea. Most companies are reluctant to hire a person who would have to work under a younger boss, which, in addition to stalling the lives of folks like Kim, deprives the Korean economy of workers with valuable experience and knowledge.
...and, as we know, depriving Korea of knowledge is the Joong-Ang's job.
I write as much after reading this feature in yesterday's edition of the Joong-Ang, in which the paper profiles Kim Byeong-Cheol, a former branch manager for Dongwha Bank who, at 50 years old, lost his 80 million won per year job when Shinhan Bank acquired Dongwha in the wake of the 1997-98 Asian Financial Crisis. Since that time, he's sputtered and lurched from one failed business venture to the next and now relies on the income from his wife's noodle shop to pay the bills each month.
In the last decade, Kim has also gone to the mat with alcoholism and cancer - a hard-knock life, to be sure. The writer of this piece, Choi Joon-ho, however, chalks up Kim's adversity to every factor - inflation, energy prices, corporate consolidation, decline of the middle class - except Kim's life choices. No one will argue that Kim asked to be laid off from his job, but neither did anyone ask him to become an alcoholic and check out for six months. As a result, the reader is left scratching his head, wondering what men like Kim would have us do for him. Would he prefer that the government insulate everyone from the swings of the economy, or that it limit his chances strive for improvement, even at the risk of failure? A government can certainly do this, but I don't think Kim would be too happy with the resulting standard of living.
Just when I was ready to pitch the paper into the shredder in frustration, the article went me one further and quoted Kim Mun-jo, a sociologist at Korea University. Full disclosure: I don't have much time for the field of sociology, a discipline filled largely with doctoral grumblers who either failed or never attended their economics courses in university. I was little surprised, then, when I read the following:
Kim Mun-jo, a sociologist at Korea University, said the Korean middle class used to make up close to 70 percent of the country. That figure has shrunk to 40 percent.
Kim says many Koreans have given up hope of climbing the social ladder. “Before the financial crisis, people hoped they could enter the upper classes by studying hard. There was a positive attitude prevailing in society,” said the professor.
“But people have given up the belief that if they work hard, they can buy an apartment in Gangnam [southern Seoul] by the time they are in their 40s,” he says. He estimates that only about 20 percent of people in Korea these days are future-oriented and have a positive attitude.
The questions begged in this excerpt are numerous, so let's hit them one at a time. First, how is Kim measuring his income for his definitions of the middle class? Is he using household income? Per capita income? There are, as Mark Twain noted, lies, damned lies, and statistics, but no one at the Joong-Ang felt compelled to explain these numbers.
As for consumption, it's human nature to want more than we have, but this doesn't mean that anyone should be guaranteed an apartment in Gangnam. Hell, I'd like to think that if I work hard, live a virtuous life, and floss regularly, that I'll be able to afford an apartment on Central Park West, but I choose to be realistic and know that it will likely never happen. Am I bitter that someone else can afford that apartment? Not especially. One cultural factor exacerbating the financial woes in Korea is that every Lee, Park and Kim wants the same apartment, the same job and the same goddamned car, thus putting a premium on these items. There are, however - and contrary to popular Korean belief - livable areas of Seoul other than Gangnam. The Korean obsession with living in Gangnam, then, is not an economic problem for the government, but rather a trace of that nasty human tendency toward envying what others have.
And finally, how exactly does one define, much less quantify, the percentage of "future-oriented" people with positive attitudes? Sounds like a job for a sociologist to me.
I'm not, in all of this, ignoring the fact that much of society is being squeezed by the current rise in energy and commodity prices. They pinch - believe me, I know. I'm not rich and I have to pay them, too. Still, by virtually any measure, the middle class - and, I would argue, the lower class - of Korea is better off today than it was ten, and certainly twenty, years ago. I defy anyone to walk into an "average" Korean house in 1988 or 1998 and honestly tell me, after evaluating the standard of living, that you'd rather live in those bygone times.
The writer of the Joong-Ang piece also fails to note that one of Kim Byeong-Cheol's chief obstacles in the past ten years has not been economic hurdles, but rather cultural ones. With its obsessive, Confucian focus on age and hierarchy, Korea is a terrible place to make a fresh start when you're in your fifties. My mother, to fight anecdote with anecdote, returned to university, earned a graduate degree and completely changed her career while in her forties, a feat which would be almost impossible in Korea. Most companies are reluctant to hire a person who would have to work under a younger boss, which, in addition to stalling the lives of folks like Kim, deprives the Korean economy of workers with valuable experience and knowledge.
...and, as we know, depriving Korea of knowledge is the Joong-Ang's job.
Labels: Seriously Korea





