The U.S. is not the only country struggling with jobless growth. It is also a problem in South Korea. Sadly, governments in both countries seem to be thinking along similar lines.
This cartoon appeared in the South Korean newpaper Hankyoreh. It is entitled “Insufficient remedy for growth without employment.”
The people at the bottom represent the more than 3.3 million South Korean workers who, effectively unemployed, are left with no option but to eat mud cakes — they are among the victims of the country’s economic strategy that produces “growth without employment.”
The person speaking at the top is the conservative South Korean President Lee Myung-bak, who says, “I will put some nutrients into these mud cakes for you.”