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Companies slash wages, which reduces consumer spending. Businesses become more reluctant to take on new recruits, shutting young people out of the labor force. And productivity plummets, hurting Japan’s competitiveness in an increasingly aggressive international market.

1 posted on 05/20/2009 4:57:17 AM PDT by SeekAndFind
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To: SeekAndFind
Japan's economy in record plunge: Japan's economy during the first three months of 2009 shrank at its quickest pace since records began, as exports slumped, officials figures have shown.
2 posted on 05/20/2009 5:00:48 AM PDT by kabar
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To: SeekAndFind

Could you imagine the UAW Union Leadership agreeing to having idle workers sweeping the streets of Detroit?


3 posted on 05/20/2009 5:03:24 AM PDT by theDentist (qwerty ergo typo : i type, therefore i misspell.)
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To: SeekAndFind

green jobs


4 posted on 05/20/2009 5:09:36 AM PDT by jimfree (Freep and ye shall find!)
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To: SeekAndFind

“Job tenure in Japan remains remarkably long,” . . . “They’ll get rid of temporary workers,”

Hmm . . . It sounds like if you have tenure. you have tenure. I never have understood this stuff.


7 posted on 05/20/2009 5:46:05 AM PDT by guppas (Kick their ass -- Take their gas!)
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To: SeekAndFind

They probably work only minutes walk away from my old apartment in Higashi Osaka.


11 posted on 05/20/2009 8:16:47 AM PDT by struggle ((The struggle continues))
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