this post was submitted on 01 Jul 2024
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Though I agree, you're trading problems: https://www.forbes.com/2009/05/09/japan-downsize-mizhuho-merger-zombies-tokyo-dispatch.html
The youth can't get jobs because the positions are filled by entrenched creating this "unless you're the cream of the crop you won't get a decent job" permiating from school cumulating into your ranking at education all the way through to graduating in university where only the top cream get reasonable jobs, and many don't. Even that doesn't even start to scratch the surface since there's the aging population, negative population growth requiring less "low skill jobs" like trades in construction...
My point is, I wouldn't want to replicate that either.