Japan’s automakers face a problem not seen for a long time: Unfilled job openings. “Automakers and other manufacturers are struggling to fill positions at their domestic factories as they ramp up output to make up for production lost since the March 11 disaster,” says The Nikkei [sub].
And that while automakers threaten to leave because of the high yen. And intervention by Japan’s Central Bank brought the Japanese currency to 80 to the dollar, which is still considered way too high
Job placement agencies say labor shortages get worse by the day. Toyota and Honda are seen offering wages of 1,200 yen to 1,300 yen per hour ($15.30 to $16.60), unchanged from pre-2008 levels. Some job placement agencies say wage hikes are inevitable.
Two explanations are given for the sudden shortfall of able bodies.
1.) Surprise: A lot of manufacturers looking for a large number of workers at the same time.
2.) Laziness: Considering high jobless rates among the young, “the lack of desire for work amid generous unemployment benefits may be one of the reasons why manufacturers are having difficulty filling factory positions,” an executive at a staffing agency told The Nikkei.