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© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Japan productivity gains key to staving off decline: McKinsey Global Institute
By ELAINE KURTENBACH TOKYO©2024 GPlusMedia Inc.
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JeffLee
An old-fashioned premise, and another doomsday scenario that won't happen. US workers have increased their productivity in the last few years only to see their wages stagnate and rich become super-duper rich.
The new world order is marked by globalization and inequality. So the only way for workers to want to get a fair share is through political leverage. Massive civil disobedience over TPP would be a start.
jerseyboy
Anyone who has spent even a month working in a traditional Japanese company environment knows this -- the numbers just support it. Looking busy, rather than actually accomplishing anything is the rule, rather than the exception, and the refusal of workers to take individual responsibility, but continuing to want to work in groups so blame can be shared, is not going to change anytime soon.
Pure socialist garbage that is inherently hypocritical. If the new world order is "marked by globaliztion", then the only way for Japan to win that game is to be a player in free-trade agreements. Japan cannot continue to expect to have free access to markets for its exports without opening up in return. The best thing for Japan's domestic economy would be TPP, because it would force long-protected domestic industries to become as efficient as Japan's export-oriented companies. (Do you really consult to people on investments?)
CoconutE3
"Traditional ways of doing business" aka "Can't or Don't want to make decisions that cost company money because it might cost MY job!"
umbrella
Japan has 40% of its workers on rubbish part time and temporary contracts. These workers having no stake in the company, are not going to be motivated to increase productivity. Hopeless situation!
nath
Unless one worker becomes as productive as like four, I don't think this is going to be enough to provide for all the elderly.