Topics tagged under "japaneseeconomy"

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Japan will raise its minimum wage by a record 6.3% to ¥1,121 per hour, reinforcing the nation’s wage-price cycle and supporting the case for the Bank of Japan to keep hiking rates.
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@thejapantimes It's always nice to see a rise in any country's minimum wage. In this case it's worth noting that ¥1,121 equates to about $7.60 USD. If that seems ridiculously low, note that minimum wage in the US is even less: just $7.25 US per hour. And if you work at a job that is tipped, the minimum wage is an insulting $2.13 US per hour. Just this alone seems proof that we are living in an oligarchy.

Japan will raise its minimum wage by a record 6.3% to ¥1,121 per hour, reinforcing the nation’s wage-price cycle and supporting the case for the Bank of Japan to keep hiking rates.