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The increase in average wages in Japan hit a record

The results of a government survey show that the average monthly salary increase in Japan has exceeded 10,000 yen this year, and a new record has been set in the field of average salary increase in this country.

reported by Mehr News Agency, according to the results of a government survey in Japan, the average monthly salary increase in this country this year from 2,524 yen in 2023 to a record 11,961 yen and for the first time in the midst of rising prices It has exceeded the limit of 10,000 yen is The increase of 10 thousand yen in the average salary in Japan is a new record in this country. The figure, which represents a 4.1 percent increase from last year, comes as management and labor unions agreed to a historic wage increase in wage negotiations this spring. According to the Ministry of Labor, the growth of the minimum wage has also contributed to the increase.

Both the value and rate of wage growth exceeded the previous year for the third year in a row, and are now the highest since Japanese salary data became available in 1999. The results show that average wage growth is picking up in a country where companies have traditionally been reluctant to raise wages after a long period of price cuts.

The real wages of this country decreased in the month of May for the 26th month in a row. Although the rate increased in June and July, it fell in August, indicating that wage increases are out of step with price increases and that households are struggling to make ends meet.

The nation’s largest labor union decided earlier this month to demand a pay raise of 5 percent or more next spring, the same amount it had set for this year. The Japan Confederation of Trade Unions has also set a higher target for SMEs to help close the wage gap between companies of different sizes.

The latest survey by the Ministry of Health, Labor and Welfare, conducted between July and August, among 1,783 companies employing more than 100 people. According to this survey, the number of companies that have increased their wages or are planning to do so has increased to 91.2 percent, which is 2.1 percent over last year. It has increased.

From an industry perspective, all companies operating in the mining, services, healthcare or healthcare sectors have raised wages or plan to raise wages. In contrast, this survey showed that only 74.4% of companies in the transportation and postal services sector have taken such an action.

According to this survey, among the companies that have a wage increase system Based on the experience and years of work of the workers, the percentage of companies that have increased the base salary or are planning to do so has increased by 2.6 points to 52.1%.

According to Japan’s Ministry of Health, among the factors that led to the increase in wages, 35.2 percent of companies cited better earnings results, followed by the need to provide labor. It ranks second with 14.3 percent.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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