Regarding the “minimum wage increase to 1,500 yen,” Keidanren Chairman Tokura says, “Unattainable targets will only invite confusion” (NTV News NNN) – Yahoo!News 10/22 (Tue) 15:51 Regarding the increase in the minimum wage to 1,500 yen, which many political parties have pledged to do in the House of Representatives election, Keidanren Chairman Tokura has sounded the alarm, saying, “A completely unattainable target will only invite confusion.” Chairman Tokura stated that the minimum wage is a law, and once it is set, failure to abide by it will result in punishment. He went on to say that while it is fine for the target amount to be challenging, it is not appropriate for it to be a goal that is too difficult to achieve, and that it should be decided through thorough discussion between government, labor and management. The heads of two other economic organizations have also voiced their opinions regarding raising the minimum wage. (Omitted) *See source for full text.
>>1 The reason real wages in Japan aren’t rising is because Japan is in deflation. And the reason Japan is in deflation is because more people are becoming dependent on social security (taxes) for their livelihood. Even if money is distributed to people who rely on social security, such as pensioners and those on welfare, and whose incomes do not increase through economic activity, they will try to maximize the effect of that money by purchasing cheaper products. Trading companies trying to meet that demand then import cheaper substitutes from third countries, filling the Japanese market with cheaper goods. Manufacturing industries that cater to domestic demand respond to deflation by reducing employee wages in order to combat rising import prices of raw materials. For Japan to overcome deflation and raise real wages, it has no choice but to either use exports and inbound tourism to absorb overseas inflation into the country or cut social security spending. The ones who are leading Japan into decline are the Democratic Party, which destroyed the export industry with its policy of an extremely strong yen, and those who are broadly interpreting Article 25 of the Constitution and making social security a sanctuary. id:t+sz8qah9.
>>1 That’s right. Japan has too many business models that use a lot of low-wage slaves, so it’s very difficult to raise them. Well, if we leave the regions alone and raise the hourly wage only in the Tokyo and Kinki regions, the weighted average would be 1,500 yen. But when calculating the average minimum wage, I wish they’d stop cheating with the weighted average. It would be fine if they only raised the minimum wage in the regions and achieved the target, but they’re only raising the minimum wage a little in the more populous areas and achieving the target.
That’s true It’ll only cause confusion It’s just idiots trying too hard lol It’s impossible in reality, especially in rural areas, it will be devastating It might be fine if prices were double what they are now, though.
How many years have they been saying that? Why doesn’t Keidanren make an effort? They will simply ask of companies what they have asked of workers up until now.
For now, I think it would be good to try making it 1500 yen just for Tokyo. If it’s really tough, maybe the work will be moved to other areas where labor costs are lower.
If the minimum wage is raised, labor costs will increase further and prices will rise, and people working in jobs where wages cannot be raised will die.
We can raise the annual salary threshold. If you’re going to make statements like this, you incompetent Keidanren should also come up with a plan to solve the labor shortage.
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