In zero migrant, ageing Japan 98% of graduates land jobs

By Leith van Onselen

While Australia continues to flood the labour market with migrants, who’ve taken the lion’s share of new jobs:

As well as flood the labour market with university graduates:

Many of whom cannot gain meaningful employment:

With Australian graduate wage growth plumetting:

A record 98% of this year’s university graduates in Japan have found jobs, according to economist Albert Edwards:

Extreme labour shortages have seen a jump in wage inflation and household incomes are now growing some 3% yoy, dragging consumer spending growth kicking and screaming in its wake (see below charts).

The Nikkei reports: “A record 98.0% of newly minted university graduates in Japan have landed jobs at the beginning of this fiscal year in April. The employment rate of job-seeking graduates rose 0.4 percentage points from a year earlier, up for the seventh consecutive year…”

“The employment rate among new high school graduates who sort jobs at the end of March gained 0.1 percentage point to 98.1%, up for the eighth straight year”.

This is what happens when you don’t continually flood your labour market with migrant workers. Unemployment falls and wages rise.

Take note Australia.

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