Japan's largest labor union to aim for 5% or more pay hike next year

Rengo is dreaming of 5%

Japanese GDP has and is declining.

In that circumstance pay rises are going to be scarce…

The labor organization, known as Rengo, 

In Rengo do not trust.

A puppet of Keidanren and the annual ritual of the denial of urges to increase wages.

5% for SOME folks. Meanwhile the price of most foods here has literally doubled in the past 3 years with no sign of abating. Everything else is WAY up as well.

For the average person, Japan is becoming unliveable. This can't go on for much longer.

Hogwash. The unions here work with the business leaders, not the people. They will settle on a 10-yen per hour increase for those paid by the hour, and up to ¥5000 / year for salaried workers. And companies will agree to that it the overtime cap is completely eliminated and they can cut bonuses, or something equally as ludicrous.

It wont happen, unless the government subsidizes it.

Manufactures are getting hit with double whammies, Low Yen = high material cost and High Labor it wont be long before they fold up and file for Bankruptcy.

If the largest labor union can only ask for a 5%, I can imagine what the rest of the workers will have to accept.

There just are no new champagne bottles anymore to spill over the champagne glass tower. So from the remaining ones, the upper glasses won't be filled satisfactory anymore and of course nothing drips to glasses in the middle or bottom. Forget illusions of 5% wage hikes for everyone. Be happy if you still can find anywhere in the workforce more than 5% full time employees with well-paid contracts.

it wont be long before they fold up and file for Bankruptcy.

Japan’s corporate profits have been at record highs for the last few years. If businesses need to file for bankruptcy, it’s because they’re bad businesses.

JeffLeeToday  10:15 am JST

it wont be long before they fold up and file for Bankruptcy.

Japan’s corporate profits have been at record highs for the last few years. If businesses need to file for bankruptcy, it’s because they’re bad businesses

Due to inflation everybody is posting ”record high”, even if sales are not growing

The profits simply aren’t there for an 5% across the board type raise for everyone.

then top performers will need 3x that and the money it’s not there.

oh wait, Japan mostly doesn’t reward top performers any more than the worst employee. It’s all the same amount. Ah well.

lol. They need to use a photo do a Daiso calculator because Japanese can’t affordable to shop anywhere else.

In addition showing 50,000 yen in the photo is ridiculous. To get a 50,000 yen pay increase at 5% you would need to make 1,000,000 a month and to make it 50,000 take home would be closer to 1,600,000 yen before taxes. The average increase would be around 15,000 yen and not even close to keeping up with inflation

Heck teacher’s salaries m, which a lot of your readers are, haven’t seen a pay increase in 20 years. Interac having a huge cause for it with lower wages, skirting the law with pension and unemployment for a bunch of their workers and working poor what used to be a great gig in the 80’s 30 plus years ago.

5% percent is an insult.