Published on November 28, 2019.
Through a dialogue between Tanaka Hideomi and Takahashi Yoichi, this article points out the lack of imagination among anti-reflationist professors at elite universities who do not fully understand the realities of student employment.
It discusses the difficult job market under the Democratic Party administration, employment in exploitative industries, discouraged job seekers, and why the number of employed persons continued to rise under the Abe administration, arguing that employment is the most important indicator in economic policy.

November 28, 2019
There are many anti-reflationists among professors working at universities that are at the top level in terms of entrance-exam deviation scores, but students at those universities are hardly affected in their job prospects even when the economy is bad.
In short, it is a lack of imagination.
This is a chapter originally published on October 30, 2017, under the title, “Because Abe studies economics well, he seems to say even in lectures, ‘If the unemployment rate falls further, wages will also rise.
Please wait a little longer.’”
Tanaka:
There are many anti-reflationists among professors working at universities that are at the top level in terms of entrance-exam deviation scores, but students at those universities are hardly affected in their job prospects even when the economy is bad.
In short, it is a lack of imagination.
In that respect, we understand very well, by looking at our students, that students’ employment trends are affected by the state of the economy.
For example, even if a black industry hires 200 new university graduates, the work is so hard that only about 20 remain after one year.
If they quit within a year, they cannot receive unemployment insurance, and because they have no experience, they are also at a disadvantage when changing jobs.
There were many cases like that during the Democratic Party administration.
There were also many students who gave up job hunting.
Those discouraged job seekers have started looking for work since the Abe administration came into power.
That is also one reason why the number of employed persons has continued to increase.
To be continued.
The following is the continuation of the previous chapter.
Takahashi:
Because Abe studies economics well, he seems to say even in lectures, “If the unemployment rate falls further, wages will also rise.
Please wait a little longer.”
When asked what economic indicator one should look at, it is employment after all.
What I explained to Prime Minister Abe was that he only needed to check the number of employed persons.
Because we know that if employment improves, wages will follow afterward.
There is not much need to look at other detailed figures.
To be continued.