TOKYO, Jul 07 (News On Japan) –
Rising costs proceed to erode family revenue regardless of nominal wage will increase. According to the Ministry of Health, Labour and Welfare’s Monthly Labour Survey for May, inflation-adjusted actual wages per employee fell by 2.9% in comparison with the identical month final yr, marking the fifth consecutive month of decline. This represents the steepest year-on-year drop since September 2023.
While nominal wages, mirrored in complete money earnings, did improve, the tempo of wage progress has been inadequate to offset the continued rise in client costs, leaving employees successfully worse off.
Source: テレ東BIZ