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About the appearance of generational inequalities in Japan

"While many nations have aging populations, Japan’s demographic crisis is truly dire, with forecasts showing that 40 percent of the population will be 65 and over by 2055. Some of the consequences have been long foreseen, like deflation: as more Japanese retire and live off their savings, they spend less, further depressing Japan’s anemic levels of domestic consumption. But a less anticipated outcome has been the appearance of generational inequalities." In Japan, Young Face Generational Roadblocks http://nyti.ms/fMiXGj

It might be true that one aspect of generational inequalities in Japan may be the result of its aging population. Some old people have both more power and more money than other old people. It is a well known fact that more conspicuous inequalities exist among old people than among young people.

"As this fading economic superpower rapidly grays, it desperately needs to increase productivity and unleash the entrepreneurial energies of its shrinking number of younger people. But Japan seems to be doing just the opposite." In Japan, Young Face Generational Roadblocks http://nyti.ms/fMiXGj

Some people think that productivity can be increased and entrepreneurial energies can be unleashed under fierce competition or unstable fixed-term employment. Most of the "powerless" old people, who have been paying their children's educational costs, are not responsible for the introduction of the "inhumane" and "unjust" system that young people are currently dealing with.

I think that Martin Fackler cannot see both the true state of affairs and the root cause of "generational inequality."

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