Japan’s government is likely to propose a record 30 more minimum wage hikes for fiscal year 2022, citing sources on Aug. 1. yen from the current 930 yen ($7) an hour as Japan grapples with rising inflation.
The key issue that the government will raise is how much more recent inflation increases should be taken into account. After representatives from the labor sector and the administration failed to reach an agreement at the last round of discussions at the end of July.
The labor sector has called for a dramatic increase in the minimum wage. due to the rising cost of living while management is facing rising costs He stressed the need to carefully consider the minimum wage increase.
The Labor Department’s Central Minimum Wage Council subcommittee will meet once more today. to determine the exact figure in the minimum wage hike
last year The council has proposed a minimum wage for all employees. Including part-time and contract workers, the increase was 28 yen, a record high of 930 yen.