This is the conclusion of the Tokyo correspondent of the Financial Times, in a recent background article. Pointing out that Japan is just going through the annual "Spring Struggle" by trade unionists to raise their wages, he says: "This year the request is for a 20-25% rise, and it is expected that the final result will be about 10%..." Later in the article he states: "In the past 4 years earnings of regular workers have risen by 11.3%, 10.2%, 10.7% and 10.5...". Let no one kid us that the demands of British workers are hitting exports!
The WeekThe Week Vol. 3, No. 20, 20 May 1965
(4) Japan No Longer "a Low-wage Economy"
The scan: The Week v3 no20.pdf (PDF, Marxists Internet Archive, opens at this page)
Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.
← (3) Company Profits 19% Up This Year[Untitled, contents page] →