Log In | Register
What happens to a generation of young people when:
They are told to work hard and go to college, yet after graduating they find few permanent job opportunities?
Many of the jobs that are available are part-time, temporary or contract labor?
These insecure jobs pay one-third of what their fathers earned?
The low pay makes living at home the only viable option?
Poor economic conditions persist for 10, 15 and 20 years in a row?
For an answer, turn to Japan. The world's second-largest economy has stagnated in just this fashion for almost 20 years, and the consequences for the "lost generations" that have come of age in the "lost decades" have been dire. In many ways, Japan's social conventions are fraying under the relentless pressure of an economy in
seemingly permanent decline.
Japan's Economic Stagnation Is Creating a Nation of Lost Youths
Article Source: dailyfinance.com- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (1)
The blame is being put onto a society that does not have the promises from their employers or the job protection of their employers that the previous generation had. This is also occurring in the US where it has come down to the bottom line of profit and the companies are not investing in their workers future (retirement benefits, job hours, healthcare,etc..). I think that it is wrong to blame people for the economical society that they live in.
I have relatives and know people who once had a retirement and when the company went bankrupt or sold, the retirements dissolved and the healthcare benefits went away, this occurred with the blessing of our own government.
I am surprised that this serious article is not getting more attention. We taught them to do this. The other surprise is finding out that the children in the US are being told that no one should expect retirement from their jobs and their parents expectation of this is bad. Many people grew up with the idea that if they worked for a company for 20 or 30 years they would get a pension from that company, only to find that when they got close to that time period that the company would not be doing this anymore.
People in the US are being told to invest in the 401K and other plans that are based on the stock market, only to find that white collar crime in the stock market has screwed them up and the people who committed the crimes are given light sentences. They need to make a new law that if a person embezzles 1 million dollars or more they get life, then maybe there would be less crime in the financial institutes that we are supposed to invest in.
#1 - Sun Aug 8, 2010 2:47 AM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
