Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc's big pay bump
https://finance.yahoo.com/news/toyota-likely-agreed-wage-requests-230508425.htmlOpen linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldhttps://finance.yahoo.com/news/toyota-likely-agreed-wage-requests-230508425.htmlOpen linkView original on lemmy.world
5 replies
Wow ... What progress ..... they took a step they should have taken 20 years ago.
Now Japanese workers have to wait another 25 years for increased wages while corporate leaders pay themselves like it's the 22nd century.
The CEOs in Japan aren't paid like they pay them here. It's a lot of money but nothing like the insane numbers here. 2022 his compensation was 6.7million.
“Japan Inc”? Is this just a collective term for Japanese industry?
It’s a term for the intertwined political and capitalist system of Japan.
It’s an old term from the 80s, maybe 70s?
Thankfully now the pay is reflective of what it should have been in the 80s, maybe 70s?