Virus Wrecks Once-in-a-Lifetime Job Chance for Japan’s New Grads
- About 70% of open jobs in Japan go to new college graduates
- Specter of mid-90s ‘employment ice age’ as companies cut back
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Japan’s college graduates get one shot at their dream job. That’s it. And this year, they might not even get that.
Big companies have long preferred to hire and train newly minted college grads right out of school. About 70% of open jobs went to new college grads in 2018, and once hired, they stay: one in four Japanese workers has been in his job for more than 20 years. In the U.S., only one in 10 employees has that kind of tenure.