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by Glacia
778 days ago
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>Deflation means that (on average) people can't afford to buy goods. They simply don't have money to do that! I'm pretty sure Japan never had big unemployment problems, so your claim is BS. >Japan has essentially zero GDP growth since 1990-s as a result. GDP is a useless metric, only useful for politicians to brag about their "achievements". |
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Japan is solving unemployment by essentially creating BS jobs, like people standing on a corner and holding a sign saying that there's a corner nearby. Meanwhile, good high-paying jobs are extremely hard to get into, and are very stressful.
Remember when it turned out during Fukushima accident that lots of people normally hired to work on the power plant, were essentially unqualified day laborers? That's why.
Japan is NOT in a good place economically. They are essentially wasting millions of lifetimes of human capital.