Thursday, October 16, 2008

A cure for Japan's bad demographics

While Japan is a crowded place to live, it will only getting less and and less crowded. Japan's population is shrinking, and has been getting smaller since 2007 when births fell below deaths for the first time. If things don't change, Japan's population could halve by the end of this century...a pretty amazing event with severe economic implications.

While Japan still remains the second largest economy in the world, it is still recovering from its late 1980's economic bubble. And demographics as they are, it may continue to muddle along without a fresh injection of labor. With low birth rates, it certainly won't be home grown. Immigration is another route, but Japan is not a very immigrant friendly country. As technologically advanced as Japan is, you'd think that greater automation and perhaps even the use or robots would be the solution. But I never thought in a million years that the Japanese would turn to monkeys to help solve labor shortage. See the video below of my new favorite restaurant.


I want to go there. Who's coming with me? If anyone knows where this restaurant is, please let me know because I want to take my family there and let my son freak out over the monkey bringing him a hot towel and orange juice.

Labels: , , , , ,