http://www.arnoldkling.com/blog/what-does-japan-exemplify/ taking the most charitable view of those who disagree Mon, 21 Dec 2020 00:12:22 +0000 hourly 1 https://wordpress.org/?v=4.0.32 http://www.arnoldkling.com/blog/what-does-japan-exemplify/#comment-90902 Fri, 19 Jul 2013 14:09:22 +0000 http://www.arnoldkling.com/blog/?p=1549#comment-90902 Perhaps two other issues are showing up in Japan (and the US):
1. Too high skilled labor productivity and too low unskilled labor productivity leads to low demand for unskilled labor at any price.
2. Too high supply of real wealth leads to satiation and contentment, both of which throttle growth.
Demographics can make both 1 and 2 worse.

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