| ID | 132161 |
| Title Proper | Voodoo abenomics |
| Other Title Information | Japan's failed comeback plan |
| Language | ENG |
| Author | Katz, Richard |
| Publication | 2014. |
| Summary / Abstract (Note) | Imagine the predicament currently facing a growing number of Japanese men in their early 30s. Despite having spent years cramming in high school and attending good colleges, many can't find a full-time job at a good company. Since Japan's rigid labor laws make it nearly impossible to lay off permanent employees in downtimes, companies now tend to fill open slots with part-time or temporary workers, and they typically pay them a third less. Today, 17 percent of Japanese men aged 25 to 34 hold such second-class jobs, up from four percent in 1988. Low-paid temps and part-timers now make up 38 percent of Japanese employees of all ages and both sexes -- a stunning figure for a society that once prided itself on equality. |
| `In' analytical Note | Foreign Affairs Vol.93, No.4; July-August 2014: p.133-141 |
| Journal Source | Foreign Affairs Vol.93, No.4; July-August 2014: p.133-141 |
| Key Words | Japan ; Higher Education ; Employment ; Economic Reforms ; Economic System ; Economic Disaster ; Human Resources ; Human Capital ; Shinzo Regime ; Wage Problems ; Labor Problems ; Japanese Economy |