Adopted at the First Productivity Liaison Conference, May 20, 1955

1. Expansion of employment

In the long term, improving productivity should lead to expanding employment. However, from the standpoint of national economy, a public-private partnership is essential in formulating valid policies to prevent the unemployment of surplus personnel through job relocation or other measures.

2. Cooperation between labor and management

Labor and management must cooperate in researching and discussing specific methods to improve productivity in consideration of specific corporate circumstances.

3. Fair distribution of the fruits of productivity

The fruits of productivity should be distributed fairly among labor, management, and consumers in line with the state of national economy.