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>By 2018, only one such company (Toyota) remains in the top 50. Many Japanese companies replaced a large part of their workforce with temporary workers, who had
by Mayora13 4y ago
>By 2018, only one such company (Toyota) remains in the top 50. Many Japanese companies replaced a large part of their workforce with temporary workers, who had little job security and fewer benefits. As of 2009, these non-traditional employees made up more than a third of the labor force. For the wider Japanese workforce, wages have stagnated. From their peak in 1997, real wages have since fallen around 13% —an unprecedented number among developed nations.
-Wikipedia on the Lost Decade (1990-2???)
- refurb 4y agoOf course wages will stagnate, that’s entirely expected. And of course your industries will be eclipsed. But are you arguing their lot has gotten worse in an absolute sense? Or just a relative sense?
- telotortium 4y ago"Real wages have fallen 13%" - that sounds like a pretty substantial drop in living standards to me.