South Korea as a society appears to have taken human capital seriously for
some time. It paid top wages for its eductors in 1995, see Table below,
which is from my book on Global Wage System (NY: Nova Science, 2004) (ILO's
LABORSTA database did not show US wages for educators).
GK
---------------------------------------------
Table 12: Wages 1995, Education SectorAll employees, Men and Women, per
month, averages
Monthly wage, "International dollars" (PPP values)
Korea, Republic of 2959
United Kingdom 2880
Netherlands 2832
Finland 2279
Canada 2130
Isle of Man 1813
Netherlands Antilles 1497
Austria 1484
Israel 1303
Slovenia 1170
Czech Rep 705
Poland 496
Mexico 482
Peru 448
Hungary 434
Romania 363
China 255
Slovakia 255
Estonia 245
Lithuania 218
Latvia 182
Kyrgyzstan 92
Sources: ILO (1999) for wage rates in local currency. My conversion to PPP
values, using World Bank data
