The Atlantic (April 24, 2013)
2013/ 04/ 26 by jd in Global News
“Why has Japan’s economy been so lousy for so long? One possibility is that economic stagnation and job insecurity feed on each other—that the sorry state of workers who graduated into Japan’s recession in the early 1990s has hindered growth and, in turn, dimmed job prospects for today’s graduates. Perhaps precarious youth employment is both a symptom and an agent of economic decline.” This is a trap to be wary of as America “struggles to contain the Great Recession’s damage….We must prevent a lost generation by any means necessary. Because it’s hard to stop at just one.”
Tags: Economic decline, Employment, Japan, Job prospects, Recession, U.S.
