Die Neue Zeit
7th August 2013, 04:28
With 90 percent of Japanese reporting in recent domestic polls that they haven’t yet benefited from Abenomics, spurring perceptions that it is welfare for the wealthy, there is growing concern that Japan’s new version of trickle-down will leave the vulnerable high and dry while plans for labor-market deregulation will cause a hollowing out of the middle class.
Meanwhile, the precariat of non-regular workers in low-paid, dead-end employment without job security has spiked to 38 percent of the entire labor force. They are definitely not feeling the love — and because they are skint, they contribute to deflation, fiscal woes and low fertility because The Beatles were not entirely right about money and love.
http://www.japantimes.co.jp/opinion/2013/08/03/commentary/wheres-the-love-japanese-feel-unhappy-unloved-and-pessimistic/#.UgG-k9uF9PE
Meanwhile, the precariat of non-regular workers in low-paid, dead-end employment without job security has spiked to 38 percent of the entire labor force. They are definitely not feeling the love — and because they are skint, they contribute to deflation, fiscal woes and low fertility because The Beatles were not entirely right about money and love.
http://www.japantimes.co.jp/opinion/2013/08/03/commentary/wheres-the-love-japanese-feel-unhappy-unloved-and-pessimistic/#.UgG-k9uF9PE