The explanation was very clear. Thank you very much. Actually, Japan is already in the same situation. Long-term monetary easing policies have made it more advantageous to invest in real estate and stocks than in salaried income. The middle class is suffering from higher consumption taxes and health insurance premiums. In addition, fuel, electricity, and food inflation is also on the rise, and the situation in which the middle class is suffering is steadily worsening in Japan, following the United States.
when I was in Japan in 1990's many companies still offered life time employment, so there was at least secure employment in Japan. I heard that is long gone. the company I was working at that time was gone also. so life time employment mean , life time of the company, not life time of the employee.
@@Porco_Utah When the Worker Dispatching Act was first enacted in 1985, it was limited to the dispatch of specified skilled workers, but now the number of job categories in which dispatch labor can be used has been greatly expanded. Unlike stable employment, dispatched workers can be immediately terminated when a company's performance deteriorates, but there is also another problem. By not hiring directly, the client company does not have to bear the administrative burden of withholding income tax, pension, and health insurance associated with payroll payments. In addition, while salary payments are not subject to consumption tax, the dispatch fee paid to the client company is an expense that reduces the consumption tax burden, which is advantageous to the client company in terms of consumption tax burden. Thus, there are several advantages to accepting worker dispatching over hiring workers directly, and worker dispatching is expected to continue to expand in the future.
@@gorotanaka1759 that sound like US now. may be worse. in California, EB5 rule make it difficult to hire as non employee, but other states probably still can. in general most US companies can hire or fire anytime for pretty much any reason, employment at will in effect.
Middle class is disappearing in the US and falling to the low income class, of course some people are moving up to the upper class but the chance of moving up is 1 in 1000. According to Piketty, by 2030 the US will have no middle class but two classes, servant class and the master class, just like in the 19th century Europe. The US is ruled by the high income class, who can pay to the politicians for their favor. In short, in the US, money is everything and this is stupid guy(just like majority of Americans) in the video doesn't know that. Unless, the low income class and middle class get together and let the voting works, the situation won't work. Do you know that some hamburger shops are closing? in the US That alone tells you the people are not spending money the same as thy used to. Unless he stops thinking separating himself from the low income class and middle class, and start knowing he's not a upper class nor never will be, and become anti-high income class(oligarchy in English), he won't win. Look for him in 2 years and you'll see what I mean. I don't think the situation is much different in Japan, but the attitudes of Japanese are bit different.
