Japan’s Political Parties Propose 42% Minimum Wage Increase
Allwork
OCTOBER 28, 2024
Japan’s political parties are promising to raise the minimum wage, a step that may win votes in Sunday’s general election but could squeeze the small and midsize firms that form the backbone of the world’s fourth-largest economy. The wage-hike pledges particularly threaten small businesses, which account for two-thirds of jobs and over half of economic output, as they are already struggling to manage rising costs.
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