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WAGE STRUCTURE IN THE JAPANESE LABOR MARKET

His conclusion was that Japan was moving steadily in the direction of inequality. Tachibanaki attributed the beginning of the erosion of equality to the economic distortions created by the "bubble economy" of the 1980s and, in turn, the effects of the distortions in asset values on the mechanisms that determine income distribution.

The effects of the bursting of the bubble economy placed pressures on Japanese companies to seek lower costs of production. Many Japanese companies sought lower-cost labor outside of Japan. These actions initiated the widening of the wage gap between higher-skilled and lower-skilled workers within Japan as the demand for lower-skilled workers diminished. Further, these actions reinforced the wage gap between male and female workers in Japan.

At a macro level in the Japanese economy, wage inequality is increasing in proportion to overall population growth. As an example, the population growth rate in from 2000 to 2001 was 0.16 percent, while the wage disparity between upper-level management and production workers in Japan increased by 16 percent from 2000 to 2001.

When considered by industry/economic sector, age, and gender, however, wage differentials in Japan are dramatic. In every industry/economic sector, wage levels increase with age through the 50-to-54 year old age group. After that age, wage levels steadily decline through retiremen

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WAGE STRUCTURE IN THE JAPANESE LABOR MARKET. (1969, December 31). In LotsofEssays.com. Retrieved 01:54, October 23, 2014, from http://www.collegetermpapers.com/viewpaper/14422.html
 
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