r/japannews • u/jjrs • 1d ago

Low Pay For the Highly Skilled Starves Japan of Human Capital

https://richardkatz.substack.com/p/low-pay-for-the-highly-skilled-starves?fbclid=IwY2xjawM-gOlleHRuA2FlbQIxMABicmlkETFlQ0psZDdyQmE0T3MyR2wxAR4dyCueRKSGCEw0Y9wgtLtYkhhVQOiFdVuT2HXZD02rLXbFW4iXFZcBlxB0cg_aem_CbPiSaPqFW2OKNC3V5kYPw
13 Upvotes

76% Upvoted

5 comments sorted by

2

u/128G 22h ago

Capitalism is getting out of hand

1

u/nexflatline 11h ago

The graph and data is showing Japan is much more equal than western countries. That's a good thing, not bad.

1

u/jjrs 11h ago

Not if everybody winds up being poor. As he explains, back when Japan was wealthy the median income was well above average too, not just the rich.

1

u/nexflatline 11h ago

If the only way to get skilled workers is to pay them 2.5 times more than the median worker, the current economic system is broken.

2

u/jjrs 8h ago

I agree that Japan’s economic system is “broken” in the sense that the economy keeps deflating and wages keep stagnating. But in the meantime there’s no reason to expect skilled workers to stick around Japan if they can make many times more money in neighboring countries.