Japan stands a better chance of finally breaking with deflation that has "shackled" the nation for a quarter of a century, amid recent strong wage growth and broadening price hikes, the government said in its annual economic and fiscal policy report. The government has yet to formally declare an end…
Did your wages go up? Mine didn’t, neither my wife’s.
Strong wage growth? Anything can be hidden under that lofty title. Many companies here do “raise” wages, but only to cover inflation. The average Japanese here does not know what the inflation rate is and that what they are getting is actually worth less. Or he doesn’t care because “めんどくさい”. Actual pay raises, such as two or one decade ago, where there was an actual pay raise every year at more or less the same inflation rate and currency value, just aren’t there. But people here are not in the habit of questioning anything.
If you’re lucky, you get more, but buy the same amount of stuff as before.
I sure won’t get a single yen more, and I’m working at a reasonably large company. LDP has been avoiding the core issues for so long, we’ll end up as a cautionary tale for the rest of the world.
Strong wage growth? Anything can be hidden under that lofty title. Many companies here do “raise” wages, but only to cover inflation. The average Japanese here does not know what the inflation rate is and that what they are getting is actually worth less. Or he doesn’t care because “めんどくさい”. Actual pay raises, such as two or one decade ago, where there was an actual pay raise every year at more or less the same inflation rate and currency value, just aren’t there. But people here are not in the habit of questioning anything. If you’re lucky, you get more, but buy the same amount of stuff as before.
I sure won’t get a single yen more, and I’m working at a reasonably large company. LDP has been avoiding the core issues for so long, we’ll end up as a cautionary tale for the rest of the world.