jeudi 14 juillet 2016

Japan's persistently low unemployment rate

At the train station on my way to work this morning I had a thought about why the unemployment rate in Japan has always been so low.

http://ift.tt/SGrKTg

This is the Japanese unemployment rate historical. The latest is 3.2% which is actually a bit higher than has been typical in Japan over the last 60 years or so. If you set the time frame to "MAX" you can see that even at the worst, it has never been as high as 6%.

Anyway, back to the train station: they were doing some sort of repair work to the station and they had part of the platform walled off. They had three old people, 2 men and a woman, in uniform and hardhats just standing there telling the passengers going on and off the platform to "Please keep to the left" as they went through this narrow area. I felt kind of sorry for them too because it's summer here now and it's hot and humid and they are on their feet for, I assume, hours at a time just telling the passengers passing through to "keep to the left". But this is just one example. There are a lot of jobs here that seem to mostly just involve stuff that isn't strictly necessary:

Elevator attendants

All kinds of stuff like that. People on the street corners counting the number of people crossing the street. People patrolling the neighborhood. You notice these things when you've lived here a while. Not all of the work is necessarily great work, but if you just need "a job", you can probably always find some kind of job here. In America some bean counter would say, why the hell are we paying these people? What does it add to the bottom line? Our profit margins could be higher if we eliminate these positions. Not so much here.


via International Skeptics Forum http://ift.tt/29SVa4t

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