Japan at Work: Markets, Management, and Flexibility

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Language: English

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While the unemployment rate reaches relatively low levels during expansions, it never falls to 0 percent. I suppose that about half the people that parsons bury are freeloaders, people who have not gone to church for years and have not paid a cent towards the church’s upkeep. Since 1980, however, males between the ages of 18 and 25 have been required to register with the Selective Service System so that a draft could be quickly reinstituted in the event of a military crisis. Capital will be king, by default, in such places; and, indeed, Singapore has required people to save by law -- a much sounder and more sensible approach than, for instance, Social Security in the United States, where money is sent to the government, spent, and a promise is made to return some part of tax revenues to the contributor in the future.

Pages: 91

Publisher: Organization for Economic (October 1989)

ISBN: 9264132643

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