The doors open only once. That’s how people often describe Japan’s hidebound hiring system, in which college students have their best shot at landing a coveted salaried position in the year approaching graduation. Those who successfully navigate the arduous corporate recruiting process will be rewarded with a secure place on the corporate ladder, along with regular raises and promotions. The rest are largely condemned to flit from one low-paying job to the next, with little avenue for advancement and zero job security.
The divide was solidifying when I finished college in 2000. It had been a decade since Japan’s bubble economy had collapsed, and employers drastically scaled back new hires to protect older workers. The labor market had entered an “ice age,” according to media reports.
Having watched my older brother struggle to establish himself in a career, I chose to emigrate to the U.S. to pursue my interest in journalism. Over the years, I read stories about the travails of the so-called lost generation. Faced with limited job prospects, many ended up single and childless. Japan’s 2015 census revealed there were 3.4 million people in their 40s and 50s who had not married and lived with their parents.
It was a brutal knife attack in May 2019, in which the perpetrator was a man in his 50s who had been out of work for many years and living with relatives, that got me thinking about profiling people whose lives had been disrupted by the employment ice age. From a news perspective, the timing was propitious: A month after the attack, the government unveiled plans to help those who were shut out of the labor market in their 20s land full-time positions, with a goal of assisting 300,000 over three years.
Bu hikaye Bloomberg Businessweek dergisinin October 05, 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Bloomberg Businessweek dergisinin October 05, 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers