Can the West’s perplexing employment miracle continue?
There is little sign of more job losses, which may be bad news for economic vitality
To see what a world swimming in jobs looks like, visit Japan. At airports staff straighten suitcases after they tumble onto the carousel. Men with fluorescent batons stand near construction sites, reminding you not to walk onto the site. In department stores smartly dressed women help you use the lifts. And in one of Tokyo’s best bars, a team of four prepared your correspondent’s gin martini (from the freezer, of course, free-poured, and very dry).
This article appeared in the Finance & economics section of the print edition under the headline “Jobs for all”
Finance & economics March 11th 2023
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