Japan’s economy shrank in the three months through September, the government confirmed, giving some justification for Prime Minister Sanae Takaichi’s stimulus package. https://www.japantimes.co.jp/business/2025/12/08/economy/japan-revised-gdp-july-september-down/?utm_medium=Social&utm_source=mastodon #business #economy #economicindicators #gdp #japaneseeconomy #wages #inflation #boj #sanaetakaichi

A federation of labor unions in Japan’s machinery and metal sectors said Thursday that it would request a pay scale hike of at least ¥17,000 per month in next year’s spring labor-management negotiations. https://www.japantimes.co.jp/business/2025/12/04/companies/japan-unions-wake-hike-demand/?utm_medium=Social&utm_source=mastodon #business #companies #shunto #wages #unions

The Japanese Trade Union Confederation, or Rengo, adopted a plan to demand a pay increase of 5% or more in annual spring wage negotiations next year. https://www.japantimes.co.jp/business/2025/11/28/economy/rengo-wage-hike-shunto/?utm_medium=Social&utm_source=mastodon #business #economy #rengo #wages #shunto #inflation #japaneseeconomy #jobs #unions

A body for labor unions in the automotive, electronics and other industries announced a policy for its member unions to ask for a pay scale hike of at least ¥12,000 per month in next year's wage negotiations. https://www.japantimes.co.jp/business/2025/11/27/economy/jcm-shunto-pay-hike/?utm_medium=Social&utm_source=mastodon #business #economy #shunto #wages #us #tariffs #manufacturing #metals

The profit margin at general hospitals in Japan, excluding psychiatric institutions, stood at minus 7.3% on average in fiscal 2024, a 0.2 percentage point improvement. https://www.japantimes.co.jp/news/2025/11/26/japan/general-hospitals-in-red/?utm_medium=Social&utm_source=mastodon #japan #hospitals #doctors #wages #mhlw #surveys

The leader of Japan’s largest labor union group urged Prime Minister Sanae Takaichi’s government to do more to fight inflation to help ensure that workers’ wage gains outpace increases in the costs of living. https://www.japantimes.co.jp/business/2025/11/25/economy/rengo-interview/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #reno #unions #wages #tomokoyoshino

Early signs regarding Japan's annual wage negotiations for next year indicate another round of pay hikes despite profit pressure from U.S. tariffs, reinforcing the case for the Bank of Japan to raise interest rates. https://www.japantimes.co.jp/business/2025/11/24/economy/japan-pay-hike-signs/?utm_medium=Social&utm_source=mastodon #business #economy #wages #boj #japaneseeconomy #inflation

RANDOM REMINDER
theft is the #business model of capitalists; because capitalists’ main goal is to produce #poverty.

in a 2014 Economic Policy Institute study of #wageTheft, they found it was 3x the size of all forms of robberies ―in USA―, COMBINED.

and their data mostly excludes high earners, because most labor protection laws focus on hourly, minimum-wage workers.

they estimate wage theft costs USA’s workers $50 billion ANNUALLY ―and this excludes the loss of #wages vs #productivity gap… 🧵

sources:

‘Wage Theft Is Built Into the Business Models of Many Industries’ — FAIR - https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/

An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year | Economic Policy Institute - https://www.epi.org/publication/epidemic-wage-theft-costing-workers-hundreds/

Wage Theft Costs American Workers as Much as $50 Billion a Year | Economic Policy Institute - https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/

🧵

#labor #wages #poverty #capitalism

sources:

‘Wage Theft Is Built Into the Business Models of Many Industries’ — FAIR - https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/

An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year | Economic Policy Institute - https://www.epi.org/publication/epidemic-wage-theft-costing-workers-hundreds/

Wage Theft Costs American Workers as Much as $50 Billion a Year | Economic Policy Institute - https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/

🧵

#labor #wages #poverty #capitalism

RANDOM REMINDER
theft is the #business model of capitalists; because capitalists’ main goal is to produce #poverty.

in a 2014 Economic Policy Institute study of #wageTheft, they found it was 3x the size of all forms of robberies ―in USA―, COMBINED.

and their data mostly excludes high earners, because most labor protection laws focus on hourly, minimum-wage workers.

they estimate wage theft costs USA’s workers $50 billion ANNUALLY ―and this excludes the loss of #wages vs #productivity gap… 🧵

Labor productivity in fiscal 2024 rose 0.2%, marking four consecutive years of growth, according to the Japan Productivity Center think tank. https://www.japantimes.co.jp/business/2025/11/16/economy/labor-productivity-rise/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #inflation #wages #jobs

Japanese businesses are focusing too much on shareholders, Prime Minister Sanae Takaichi said Friday, in comments that flicked at her frustration with firms for not using more capital to raise wages. https://www.japantimes.co.jp/business/2025/11/14/economy/takaichi-against-shareholders-focus/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #wages #inflation #japaneseeconomy

It manages the contradiction not by overcoming it but by exporting its #costs. Through #imperialism, social #democratic states extract cheap #labor & natural #resources from the #globalSouth, allowing them to sustain prosperity, high #wages, & #welfare systems at home while keeping #capital #accumulation intact.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #Trump #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist