Japan’s labor crisis sparks biggest pay hike in 34 years

Japan’s labor crisis sparks biggest pay hike in 34 years

Too many jobs, not enough applicants — Japan is dealing with a labor crunch as it confronts a shrinking, rapidly aging population.

➡️ When hiring for the World Expo in Osaka, all kinds of perks were offered to fill vacancies, and plenty were hired on the spot — including an 80-year-old.

➡️ The fight to retain staff is fierce, with the new generation unwilling to accept little or no pay raises, prompting companies to agree to the biggest wage hike in 34 years.

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