Factors of Production: Labour
Japan’s labour force is known for its homogeneity and superior skills, as well as for strong company loyalty resulting from the lifetime employment system. Descriptions such as these are indicative of the importance of labour as a factor in Japan’s economic success. However, the relationship between Japan’s economic development and its labour force is far from uniform and has changed with each passing era. It is important to recognise the flexibility with which the Japanese employment system has adapted to change. This chapter examines the structure and characteristics of the Japanese labour force and evaluates its role in the growth of the Japanese economy.
KeywordsLabour Market Labour Force Labour Productivity Young Worker Unit Labour Cost
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