In A Crisis, Its Much Worse To Be An American Worker, Than A Japanese One

By Joe Weisenthal

The US economy is frequently compared to Japan in the early days of its lost decade, but here’s one way it’s way different: the US is a much worse place to be a worker.

As this chart from Deutsche Bank nicely illustrates, US unemployment took off like a rocket when the crisis hit. In Japan, it barely budged, just gradually getting slightly worse over the years.

The good news: At least it means the economy will be forced to restructure faster.

Continue reading the article . . .