Comparing employment collapses


…For all its woes, Japan has never experienced the kind of employment collapse we’ve suffered. That’s the sense in which we’re doing far worse than the Japanese ever did.

So as I said, in a way Japan is no longer a cautionary tale; it’s still a lousy story, but compared to us it almost looks like a role model…

2 thoughts on “Comparing employment collapses

  1. Without data this is subjective opinion. Please give specific reasons (data) to support your conclusion.

  2. Are you talking to Krugman? I don’t think he reads this blog.

    As far as data goes, the linked article has it. It shows that employment among males aged 15-64 was 81% in both countries in 1999 or 2000 (the graph is ambiguous on dates), and that in 2009 or 2010 it was 80% in Japan and 71% in the US. So yes, we’ve had an empluyment collapse while they haven’t.

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