I'm seeing that in most other developed countries real wages are recovering, yet this doesn't seem the case in Japan. Anyone know why? And what can be done about it?
by scheppend
I'm seeing that in most other developed countries real wages are recovering, yet this doesn't seem the case in Japan. Anyone know why? And what can be done about it?
by scheppend
4 comments
Yen keeps deflating. Wages go up but purchasing power goes down = stalemate
next year is going to be all doom and gloom for us in the manufacturing.
we are just praying to avoid layoffs.
orders forecast is bad.
Instead of raising wages, JP manufacturing corporations and businesses are choosing to import masses of low wage, indentured labour from South Asia on fixed term contracts but you will barely see any mention of this in the corporate-friendly press.
Raise the minimum wage and peg it to inflation?
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