ss: Japanification takes are opinions: everybody’s got one.
There’s a common consensus: Japan’s demography is one of, if not the, root causes of its deflation challenges, an economic phenomenon dubbed as “shrinkonomics”.
Shrinkonomics is characterised by low investment, as few wish to pour money into enterprises and corporations with a steadily declining consumer base, and low spending, as the population contains an increasingly large proportion of people either saving for retirement or living off of fixed incomes in retirement.
There are also other massive unknowns, such as whether Japanese companies may be able to suppress wage pressures with productivity improvements (anyone heard of this thing called AI???), and whether Japan’s producers can continue to piggyback on a generally growing global economy despite its own long-term economic stagnation.
If a low birth rate does not squash the green tendrils of Japan’s inflation comeback first, it may just save it.
ToughestNut on
Personally willing to try to solve the issue, have talked about this few times! Not sure I’ll make an impact but sure as shit I’m ready to try!!
bjplague on
The solution is simple and not far away.
UBI.
If people have their economical needs met and do not have to spend the majority of their day laboring 5-6 days a week…. They will fuck more.
Plain and simple.
race2tb on
Solution.
Smaller labor force> more valuable labor > pay them more > they have more money > They make more babies.
Spacebetweenthenoise on
The problem is complex and money is just one of the solutions that need to be addressed. General family support to raise the children (daycare, babysitter, kindergarten, etc), longterm job/pension solution for the people who stay home, mental health support, just to name a few
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ss: Japanification takes are opinions: everybody’s got one.
There’s a common consensus: Japan’s demography is one of, if not the, root causes of its deflation challenges, an economic phenomenon dubbed as “shrinkonomics”.
Shrinkonomics is characterised by low investment, as few wish to pour money into enterprises and corporations with a steadily declining consumer base, and low spending, as the population contains an increasingly large proportion of people either saving for retirement or living off of fixed incomes in retirement.
There are also other massive unknowns, such as whether Japanese companies may be able to suppress wage pressures with productivity improvements (anyone heard of this thing called AI???), and whether Japan’s producers can continue to piggyback on a generally growing global economy despite its own long-term economic stagnation.
If a low birth rate does not squash the green tendrils of Japan’s inflation comeback first, it may just save it.
Personally willing to try to solve the issue, have talked about this few times! Not sure I’ll make an impact but sure as shit I’m ready to try!!
The solution is simple and not far away.
UBI.
If people have their economical needs met and do not have to spend the majority of their day laboring 5-6 days a week…. They will fuck more.
Plain and simple.
Solution.
Smaller labor force> more valuable labor > pay them more > they have more money > They make more babies.
The problem is complex and money is just one of the solutions that need to be addressed. General family support to raise the children (daycare, babysitter, kindergarten, etc), longterm job/pension solution for the people who stay home, mental health support, just to name a few