Pacific Tribune

Archive for the ‘Japan’ Category

What happens to a generation of young people when:

They are told to work hard and go to college, yet after graduating they find few permanent job opportunities?
Many of the jobs that are available are part-time, temporary or contract labor?
These insecure jobs pay one-third of what their fathers earned?
The low pay makes living at home the only viable option?
Poor economic conditions persist for 10, 15 and 20 years in a row?
For an answer, turn to Japan. The world’s second-largest economy has stagnated in just this fashion for almost 20 years, and the consequences for the “lost generations” that have come of age in the “lost decades” have been dire. In many ways, Japan’s social conventions are fraying under the relentless pressure of an economy in seemingly permanent decline.

See full article from DailyFinance: http://srph.it/bTKbdr

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