Rising employment and welfare spending fail to restore confidence among youth who view stimulus as political theater
South Korea’s finance ministry reported record employment gains on Friday, but new Realmeter polling released Monday shows support for President Lee Jae-myung continuing to erode among young voters. Approval among those in their 20s fell to 31.8%, while disapproval rose above 63%.
The administration’s attempt to use cash voucher programs to sustain confidence does not appear to be working. The latest approval rating signals that whereas the government continues to engage in fiscal populism to preserve legitimacy, youth voters, whose futures these programs claim to secure, are losing faith in their purpose.
South Korea’s finance ministry reported record employment gains on Friday, but new Realmeter polling released Monday shows support for President Lee Jae-myung continuing to erode among young voters. Approval among those in their 20s fell to 31.8%, while disapproval rose above 63%.
The administration’s attempt to use cash voucher programs to sustain confidence does not appear to be working. The latest approval rating signals that whereas the government continues to engage in fiscal populism to preserve legitimacy, youth voters, whose futures these programs claim to secure, are losing faith in their purpose.
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