Companies need to consider rising minimum wages not as a threat to their bottom lines but as an opportunity to secure the manpower they need and improve their productivity by making necessary investments.
Last month, Prime Minister Shinzo Abe's Council on Economic and Fiscal Policy recommended that the government draw up detailed measures to bring the nationwide average minimum wage up to ¥1,000 per hour as soon as possible.
According to an article in the May 15 Asahi ...
The government unveils a draft package of measures aimed at revitalizing the economy, including raising minimum wages, supporting the “employment ice age generation” and promoting online administrative procedures.
As the United States marks more than six years without an increase in the federal minimum wage of $7.25 an hour, 14 states and several cities are moving forward with their own increases, with most set to start taking effect on Friday.
California and Massachusetts ...
The ¥16 hike in Japan's average minimum hourly wage to ¥780, which an advisory panel has recommended to the labor minister, fails to offset the rising costs of living and hardly strengthens the safety net for the growing ranks of irregular workers.
A revision to the tax system in October will add ¥15 to the average minimum wage, which will climb to ¥764 an hour, the labor ministry says.
It is the largest year-on-year rise since ¥17 in fiscal 2010.
Prime Minister Shinzo Abe has urged companies to ...