This essay discusses how Japan has achieved very high levels of economic development. It shows that while Americans might consider lifetime employment to be a minimizer of hard work and incentive, the Japanese occupational system still achieved its objectives. Lifetime employment did offer incentive to work hard. Nonetheless, the system of lifetime employment is now withering away in Japan, as the new generation is more individualistic and self-centred. This development also has its advantages, since the resulting competition will boost more economic power. 5 pgs. Bibliography lists 3 sources.
