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U.S. layoffs hit two-year high in January after tech firms slashed thousands of jobsBy Samrhitha Arunasalam NEW YORK
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Anyone in tech in the USA who isn't a paperweight can get a job in 2 weeks. Takes about 2 months to find a great job.
They were all hired due to fear that none would be available. Many tech companies flush with cash over-hired.
And yet overall hiring is strong and the unemployment rate remains low.
This is what the Japanese economy needs: workers who leave one employer and then are hired by rival employers, where cross-pollination of skills and knowledge take place and better opportunities exist.
In Japan, workers stagnate at the same place for several decades, accepting lower and lower real wages.