NEWSWORTHY
Ousted EPA head Scott Pruitt denies getting improper gifts or illicit income
Scott Pruitt, the scandal-ridden former Environmental Protection Agency chief, denied on Wednesday that he had obtained any extraordinary gifts or income as a result of his Cabinet-level post, and dismissed allegations he received perks ranging from sports tickets to a job for his wife. The ...
Poverty in Japan: Underclass struggles to achieve upward mobility
Last month, Liberal Democratic Party Secretary-General Toshihiro Nikai said during an LDP gathering in Tokyo that people who opt not to have children are "selfish" given the country's demographic crisis. That remark received a lot of attention. However, much less was said about another comment ...
Japan's lawmakers' average income unchanged in 2017 at ¥24 million
Lawmakers' income averaged ¥24.12 million in 2017, unchanged from a year earlier, with the top three earning over ¥200 million each through stock sales, parliamentary data showed Monday. While Lower House members did not receive salaries during the dissolution of the Diet and general election ...
Second jobs, once rare in Japan, are reshaping attitudes about work
Kazuhiro Hasegawa has been driving a taxi in Tokyo for three years. It's a job he enjoys, despite 18-hour shifts. But recently, he said, it has not been enough to make ends meet. The ¥4.5 million to ¥4.8 million a year he makes from his primary ...
Gender inequality in the workplace could cost $160 trillion in lost earnings globally, a World Bank study showed Wednesday, as pressure to address the pay gap grows. That represents the difference between the combined lifetime income of everyone of working age in the world today ...
The government needs to press ahead with structural reforms to create new homegrown avenues of growth.
The ethics of reducing wealth inequality
Addressing income and wealth disparities will require a careful balance between policies that ensure equality and policies that reward work and innovation.
Companies should share more of their earnings with employees as a strategic investment in manpower that supports their future business.
Facebook co-founder wants wealthy taxed to give U.S. citizens 'fair shot' at guaranteed income
A $500 monthly check from the government for every American earning less than $50,000, financed by taxing the wealthy, would provide financial stability for millions of people in the United States, said the co-founder of Facebook. Chris Hughes, who made billions after co-founding the social ...
It's time for Japanese businesses to ask whether the collective form of annual wage negotiations serve their interests as they face increasingly tough global competition.
Convenience store sales nationwide fell 0.3 percent in 2017 on a same-store basis to ¥9.47 trillion, due partly to intensified competition with other retailers, according to an industry body. The overall sales of eight major store operators declined despite a 1.5 percent increase in average ...
Japan has entered a new phase in its fight against deflation, but stronger wage growth and improved productivity are needed if the economy is to turn the corner, the Cabinet Office said in a report released Thursday. Describing wage growth as "modest" for most workers, ...
