I suspect it would make people more productive, if anything. Japan has historically had among the highest rates of productivity with the lowest rate of wage disparity, lower rates of employee turnover and higher mean wages than most. It also has a pretty extensive social net, and single payer healthcare. Less instability more productivity. Better distribution of wages better work ethic. Less fear of loss of income, better and stronger social contract.

"The liberals can understand everything but people who don't understand them."
Lenny Bruce

"The cleverest of all, in my opinion, is the man who calls himself a fool at least once a month."
Dostoevsky