In the long term, inflation is driven by wages in relation to productivity. Also known as unit labor cost. Japan is basically the worst country in this regard.

In the long term, inflation is driven by wages in relation to productivity. Also known as unit labor cost. Japan is basically the worst country in this regard. So yes, wages lag behind productivity. But just raising the minimum wage once doesn't work. The wages should properly increase every year - more than the productivity. If you want an inflation of 2%, wages should increase by productivity + 2%.