In a country famous for “lifetime employment,” it seems that job security in japan has now become obsolete. With exports falling because of the Japanese bubble burst in 1989 and the economic crisis, businesses then tried, to remain competitive, to make their staff more flexible. From then on, the labor market and its “social pact” have deeply changed in 20 years. (Ref. 130814)
Traditional social pact. The foundation of lifetime employment isn’t written in labor law but is part of a sort of implicit “social pact” between workers and employers. This exchange starts when Japanese businesses recruit their employees out of college without requesting any special skills. The company completely trains the new employee, which can be more or less long, until s/he is efficient. In return, employees are expected to stay with the same employer until they retire (usually 60).
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