Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc's big pay bump

Comments

• ininewcrow@lemmy.ca ⁨11⁩ ⁨months⁩ ago

  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.

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  • SupraMario@lemmy.world ⁨11⁩ ⁨months⁩ ago

    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.

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• explore_broaden@midwest.social ⁨11⁩ ⁨months⁩ ago

  “Japan Inc”? Is this just a collective term for Japanese industry?

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  • Deceptichum@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

    It’s a term for the intertwined political and capitalist system of Japan.

    It’s an old term from the 80s, maybe 70s?

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    • kautau@lemmy.world ⁨11⁩ ⁨months⁩ ago

      Thankfully now the pay is reflective of what it should have been in the 80s, maybe 70s?

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