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WAGE PROBLEMS (1) answer(s).
 
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ID:   132161


Voodoo abenomics: Japan's failed comeback plan / Katz, Richard   Journal Article
Katz, Richard Journal Article
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Publication 2014.
Summary/Abstract 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.
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