Analysis for Japanese Youth Employment

Abstract

Currently the world is facing unfamiliar circumstances, including youth unemployment. In these  uncertain times, traditionally standard principles are changing. For example, resilience is being discussed instead of strength, risks are being recognized instead of approaches normally viewed as “safe,” and “system” is replacing a previously long list of objectives. People are becoming more disobedient instead of remaining compliant, with people paying more attention to practices rather than to theories. Simply put, a “platinum revolution” has completely changed our lifestyles over the past two decades.

In Japan, a simultaneous hiring system involving new graduates has been adopted following a period of high economic growth experienced during the 1960s. This demand required enough human resources to meet the scarcity at that time. This hiring system has a certain advantage, with more than 90% of new graduates (upwards of 300,000) finding jobs every year. This comes as a result of the unique hiring system in Japan, and it has worked well. One of the hallmarks of Japanese culture is that for the sake of uniformity and stability, everyone behaves in the same orderly manner.