Artwork stating 'Education Destroys Barriers', 'We Demand Treatment', and 'I Need A Chance'

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  • Why Japan's Jobless Rate Is Just 2.6% While the U.S.'s Has Soared

    Japan's unemployment has barely grown during the COVID-19 crisis, thanks in large part to a business culture that prizes employees' interests over short-term profits. Much of the country's economy remained open in the pandemic's early months. But the jobless picture was aided even more by policies based on a tradeoff between ordinarily high demands on workers in return for job security. The same policies have produced a tight job market that can make companies risk averse in their hiring. But the net effect during the crisis has been much less economic pain inflicted on workers.

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  • Crazy Mascots Flooded Japan. Can This Grouchy Boar Survive?

    Kumamon, a black bear with rosy cheeks, is a mascot for a Japanese town who helped sell millions in merchandise, drive up tourism, and increase tax revenue because citizens can direct some of their income taxes to the locality of their choice. As a result, hundreds of towns rushed to create mascots to cash in on the approach to enticing visitors and investment. Towns spent a lot of money on these oftentimes whacky characters, however there has been no evidence that the vast majority of characters deliver any economic benefits, and therefore most are quietly being discontinued.

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