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Until the ~90s, Japan had a very strong social agreement between the corporations and the people and the government which basically guaranteed well paying jobs
by Avicebron 4y ago
Until the ~90s, Japan had a very strong social agreement between the corporations and the people and the government which basically guaranteed well paying jobs for life at the trade-off of the corporate culture. The dismantling of that has led to more recent problems in Japan, it was a highly successful system between the 60s-80s
- belltaco 4y agoThat system is actually reinforced by the lack of workers because companies want to hold on to the ones they already have, which they do today. The 90s is when the economy started outpacing new births and the aging population needed more workers to take care of them. Any way you slice it, the lack of younger workers was the problem whether the proximate cause is low birth rate or lack of immigration or a combination.