Many young people are willing to move abroad in order to pursue personal and career opportunities. In fact, the World Economic Forum found that four out of five millennials would be willing to relocate internationally for work.
This made us wonder which cities in Asia might be great fits for millennials. To obtain some answers, ValueChampion conducted a wide ranging data analysis for 20 of the region’s most notable cities (see table) in order to help narrow down the best options for young people.
Among the study highlights: Despite ranking second for employment prospects, Bangkok placed 11th overall as its scores for cost of living and quality of life were poor.
Singapore’s robust economy makes it a great place for young people to find jobs with startups and other employers.
After adjusting for per capita GDP, the cost of living is the lowest in Seoul and Guangzhou where entertainment and rent are relatively inexpensive. Singapore and Melbourne topped the list for high quality of life due to low pollution, strong health indicators and high levels of safety.
Categories Used for Ranking Cities
Our analysis incorporated a wide variety of data in order to best characterise each city’s appeal for young people. We categorised this data into three groups: employment prospects, cost of living and quality of life. We then ranked cities based on these factors.
|Overall Rank||Country||Employment Prospects||Cost of Living||Quality of Life|
|14 (tie)||Kuala Lumpur||6||13||16|
|14 (tie)||Ho Chi Minh City||4||14||17|
|19 (tie)||New Delhi||13||19||20|
Thailand remains 54th in World Happiness Report’s ranking
As one would expect with lockdowns and physical distancing, the pandemic had a significant effect on workforce well-being. Falling unemployed during the pandemic is associated with a 12% drop in life satisfaction.
Gambling in Asia: Thailand and more
There is a large demand for gambling throughout Asia, which is detailed below in a comparison between various countries, such as Thailand and more.
One of the fastest growing industries in the world is the gambling industry. It is currently worth around $443.2 billion, and is expected to continue climbing to an estimated $647 billion by 2027.
Skin-lightening products market to reach US$31 billion by 2024
In emerging Asian and African economies, the natural aspiration to enhance one’s circumstances has led to rapid growth in the market for skin-lightening products, which is projected to reach US$31 billion by 2024.
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