Labor Market In Thailand

756 Words4 Pages

The increasing number of graduate unemployment has been a serious alarm in different countries around the globe. However, it is a significant issue for developing economic growth of the nations. Since Thailand joined the ASEAN community, there are numerous research studies that shown Thailand’s economy and labor market has been decreasing steadily. According to Nguyen’s (2015) study, Thailand need to reconstruct the education system nationwide and improve the capabilities of finding careers that match to employees’ study backgrounds. In addition, over the past few decades, graduated from the higher education levels is becoming the growing tendency in Thailand. According to the World Bank data (2010), there are Thai students more than 48% who …show more content…

In contrast, as Bill Gates stated "The key to the job market is far more this education dilemma...our jobs mismatch is an education problem". Nowadays, there are numerous amount of mismatch between the graduates field of study and job and overeducate in the labor market. Wolbers (2003) study on the effects of major-job mismatch on the labor market positions of school-leaver. He explored that school- leaver who are mismatched job usually obtain in the lower job levels than those who are matching job. Furthermore, he also discoveries that the school-leavers who are mismatched jobs have more possibly to search achieve more jobs and have a higher participation in vocational training. In the same line of research, Bruwer (1998) examined the impact of graduates' education on their job placement, job satisfaction, career advancement, earnings and intellectual development. He established the questionnaire and sent it to example of 3208 who had graduated from the Cape Technikon, South …show more content…

In this generation, we all noticed that English is an international language which is useful in labor market. For people who have good English communication skills, they mostly get a good career. In Thailand, according to the survey of the World Bank(2006), it has shown that Thailand has an insufficient English proficiency which is 64 percent of 1,043 companies. Moreover, according to the report from the Education First Institute ranked (2013), Thailand placed at the 55th position out of 60 countries surveyed on the English proficiency index. Dr.Krissanapong Kirtikara, a vice chair of Thailand's Quality Warning Foundation stated "Reports show that people with greater English proficiency have higher income". He suggests that Thailand must develop and improve English-teaching standards in order to step up in the Asian Economic

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