What is the best way to describe the postwar Japanese labor market?
Labor Market
A labor market can be defined as a place where employees and workers interact with each other. The labor market is characterized by heavy competition in that workers fight to perform their work adequately, whereas employees fight for the best works in the market. Labor markets function under demand and supply.
Answer to the Question
The war had an impact on the labor market in Japan. It contributed to a shortage of workforce. This is due to factors like a drastic decrease in the population, caused by the low fertility rate due to the war. Many Japanese families were wiped out of lost a number of their loved ones. The biggest population in Japan is individuals who took part in the warm, and they are now at the retirement age. This means that their age does not allow them to be productive; hence a smaller percentage of individuals are left to serve the labor market.