Hi from Nikkei Asia! This is Emma from the audience engagement team. Here’s an excerpt of the above article, for those interested:
*The plight of Japan’s “lost generation” — mainly comprising people in their 40s or early 50s — is persisting, as they struggle to keep pace with the pay growth and career advancement commonly seen in both older and younger age groups.*
*This generation graduated from high school or college during a hiring “ice age” that lasted from the late 1990s into the 2000s, with many finding it tough to find stable employment after the bursting of a bubble economy inflated during the 1980s by soaring real estate and stock prices.*
*While Japan’s overall wage level has started to pick up, data shows that there are still noticeable disparities among different age groups.*
*The country’s inflation has remained above 2% for over two years amid upward pressure on prices around the world. According to a survey by the Ministry of Health, Labor and Welfare, total monthly cash earnings, or nominal wages, have continued to rise year-over-year since January 2022.*
*But another survey by the ministry shows that the average monthly pay for full-time employees in their 20s and 30s increased by more than 10,000 yen ($65) over the decade through 2023 while workers in their late 40s experienced a rise of just over 1,000 yen and those in their early 50s saw a decline.*
*”I was so busy just making a living when I was a nonregular employee in my 30s,” said a publishing company worker in his 40s and living in Tokyo. Another person around the same age added: “I had such low bonuses and slow pay raises when I started working. In my mid-20s, my annual income was surely about 1 million yen less than what workers of the same age make now.”*
Invest in US stock.
Would these be the “20th century boys”?
As opposed to every other generation in Japan that faces slow pay growth and lack of promotion…
My friends are saying that although they didnt have much pay growth, their bonuses increased substantially. What is it really like?
Japan PM seeks major upgrade of NATO partnership after Russia’s war https://english.kyodonews.net/news/2022/06/1afab21e49ae-japan-to-join-nato-summit-for-1st-time-as-china-challenge-looms.html
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Hi from Nikkei Asia! This is Emma from the audience engagement team. Here’s an excerpt of the above article, for those interested:
*The plight of Japan’s “lost generation” — mainly comprising people in their 40s or early 50s — is persisting, as they struggle to keep pace with the pay growth and career advancement commonly seen in both older and younger age groups.*
*This generation graduated from high school or college during a hiring “ice age” that lasted from the late 1990s into the 2000s, with many finding it tough to find stable employment after the bursting of a bubble economy inflated during the 1980s by soaring real estate and stock prices.*
*While Japan’s overall wage level has started to pick up, data shows that there are still noticeable disparities among different age groups.*
*The country’s inflation has remained above 2% for over two years amid upward pressure on prices around the world. According to a survey by the Ministry of Health, Labor and Welfare, total monthly cash earnings, or nominal wages, have continued to rise year-over-year since January 2022.*
*But another survey by the ministry shows that the average monthly pay for full-time employees in their 20s and 30s increased by more than 10,000 yen ($65) over the decade through 2023 while workers in their late 40s experienced a rise of just over 1,000 yen and those in their early 50s saw a decline.*
*”I was so busy just making a living when I was a nonregular employee in my 30s,” said a publishing company worker in his 40s and living in Tokyo. Another person around the same age added: “I had such low bonuses and slow pay raises when I started working. In my mid-20s, my annual income was surely about 1 million yen less than what workers of the same age make now.”*
Invest in US stock.
Would these be the “20th century boys”?
As opposed to every other generation in Japan that faces slow pay growth and lack of promotion…
My friends are saying that although they didnt have much pay growth, their bonuses increased substantially. What is it really like?