October 26 - occupational labor market American companies buy skills Japanese companies buy learners American workers are sorted by the labor

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October 26, 2010 Temin – Japan A modern society is one in which the masses are compelled to adopt some of the beliefs and behaviors of the elite. Sources of Productivity In America, competition among firms and among workers in horizontal labor markets. In Japan, contests among firms and team orientation among workers,
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Unformatted text preview: occupational labor market. American companies buy skills, Japanese companies buy learners. American workers are sorted by the labor market. Japanese workers are sorted by the educational system. Impossible to adapt the American way in Japan or the Japanese way in America....
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This note was uploaded on 11/18/2010 for the course ECO 327 taught by Professor Trinque during the Fall '10 term at University of Texas at Austin.

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