It clearly is the case that Japanese corporations are providing a cushion of some sort during recessionary conditions. One would think a cut in wages is better than no or very little wages (as in the WSJ story which LP sent out earlier). Rationing of work in this manner is softer I think. So notwithstanding statistical issues of how unemployment is measured the Japanese version is less harsh (and yes being laid off is a social status problem in Japan).
Anthony On Wed, Jun 3, 2009 at 3:56 PM, JC Helary <[email protected]> wrote: > > On mercredi 03 juin 09, at 22:19, soula avramidis wrote: > > Also the Japanese unemployment rate was around 5% only. >> > > > Because Japanese companies prefer to lower wages, cut hours before laying > off people. Except in the case of short contract workers (the ones who have > made the news in the recent months). > > > Jean-Christophe Helary > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa Professor of Indian Studies and Research Director Asia Research Centre Copenhagen Business School Porcelænshaven 24, 3 DK-2000 Frederiksberg, Denmark Email:[email protected] Ph: +45 3815 2572 Fax: +45 3815 2500 http://uk.cbs.dk/arc www.cbs.dk/india xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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