Can Japan’s labor market stay healthy in the 21st century? 

Depending on how we define a “healthy job market,” the answers may well vary, and they all make sense, but in my view, it is not likely that Japan’s labor market will stay healthy in the future. Now let me explain the details.     

First, Japan is experiencing a shortage of workers because of its aging population and low birthrate. Without feasible solutions, this problem could lead to economic decline and potential collapse in many social systems. Plus, as the population ages, more people need medical care and life support, which will tighten the job market in the future.     

Next, I understand some may argue that population decline will also alleviate the labor shortage, but even in that situation, Japan’s economy still needs skilled workers supporting its high productivity, such as by enhanced robotics. So, it may be too optimistic to lap up this argument easily, at least at this time.     

Therefore, as a fundamental solution to this issue has still yet to be found, I am pessimistic about the future of the job market in Japan. Thank you for your attention. [181 Words Type-A,O]

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