http://biz.thestar.com.my/news/story.asp?file=/2009/2/20/business/20090220140806&sec=business
Many countries have become victims to the economic downfall. As a result of the economic fallout , many have lost their jobs and fallen prey to unemployment. Japan’s action to initiate a work-sharing concept is actually a great move. With this , the country actually shares the pain of the economic downturn so everyone just takes a small pinch rather a punch. This actually brings the people closer as well which is a great thing for any country. In addition to that , it is any governments vision to spread wealth evenly among the people. So by taking this action , the Japanese government is actually taking a step towards that.
Moreover , the economic growth of a country is dependant on the buying power of the citizens. So by having the work-sharing concept , more citizens will have buying power instead of just a handful of citizens. This will assist in bringing the economy back up again. In addition to that , by not retrenching their workers , companies can easily resume full production when the economy is back on its feet.
Many countries have become victims to the economic downfall. As a result of the economic fallout , many have lost their jobs and fallen prey to unemployment. Japan’s action to initiate a work-sharing concept is actually a great move. With this , the country actually shares the pain of the economic downturn so everyone just takes a small pinch rather a punch. This actually brings the people closer as well which is a great thing for any country. In addition to that , it is any governments vision to spread wealth evenly among the people. So by taking this action , the Japanese government is actually taking a step towards that.
Moreover , the economic growth of a country is dependant on the buying power of the citizens. So by having the work-sharing concept , more citizens will have buying power instead of just a handful of citizens. This will assist in bringing the economy back up again. In addition to that , by not retrenching their workers , companies can easily resume full production when the economy is back on its feet.
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