Under Japanese employment law, layoffs are incredibly difficult to implement – unless the company is under severe financial difficulty and at risk of insolvency in a manner layoffs could alleviate, after other cost-saving measures have been undertaken, layoffs for permanent employees are all-but impossible.
The youth can’t get jobs because the positions are filled by entrenched creating this “unless you’re the cream of the crop you won’t get a decent job” permiating from school cumulating into your ranking at education all the way through to graduating in university where only the top cream get reasonable jobs, and many don’t. Even that doesn’t even start to scratch the surface since there’s the aging population, negative population growth requiring less “low skill jobs” like trades in construction…
My point is, I wouldn’t want to replicate that either.
As should be law everywhere.
Though I agree, you’re trading problems: https://www.forbes.com/2009/05/09/japan-downsize-mizhuho-merger-zombies-tokyo-dispatch.html
The youth can’t get jobs because the positions are filled by entrenched creating this “unless you’re the cream of the crop you won’t get a decent job” permiating from school cumulating into your ranking at education all the way through to graduating in university where only the top cream get reasonable jobs, and many don’t. Even that doesn’t even start to scratch the surface since there’s the aging population, negative population growth requiring less “low skill jobs” like trades in construction…
My point is, I wouldn’t want to replicate that either.