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The labor shortage is real and the war for talent will intensify as economies normalize. Japan's nexus to Asia in general, and China in particular, means that the manufacturing sector here will pull out of recession well before America recovers.

5 Comments

Jesper Koll, a senior adviser to the fund management company WisdomTree.

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If the shortage were "real", then there would be strong upward pressure on wages with substantial raises paid to workers across the spectrum. That ain't happening! The true story is that employers have decided that they'd rather suppress labor costs and live with some hiring tightness because.....they know they can go crying to the government and get almost anything they want. Hail neo-liberalism!

Koll is usually wrong yet he is always quoted in the media. Check his comments from 3 to 5 years ago, and you'll see what I mean. He was a big booster of hiking the consumption tax, for example, saying that workers wages would have grown so strongly by now, they'd be able to easily absorb it. LOL. Today they're waiting for their stimulus hand outs.

4 ( +4 / -0 )

Talent is plenty, companies willing to pay for them is almost non-existent.

3 ( +3 / -0 )

I don't think the quote applies well to Japan because to present there still really isn't much of a flexible labour market, very few still change companies mid career.

Recently had a conference call with about 12guys from my 1st year Uni residence & one guy had started & sold a business, another failed & he was now working at his 17th different company, now that is a lot but in Japan still very few change companies & careers & this NEEDS to be a thing & be accepted, would do Japan a world of good or it will continue to fall behind as it is doing at present

0 ( +0 / -0 )

Koll is usually wrong yet he is always quoted in the media.

Better known as Mr. Kathy Matsui, he's so deep in the Abe/LDP pocket it's a surprise he can see out.

3 ( +4 / -1 )

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