“A majority of Japan’s population once considered themselves middle class, with income inequality lower than in other industrialized nations and almost full employment. Now, the ranks of those being left at the bottom of the world’s third-largest economy are swelling. The Health, Labor and Welfare Ministry announced last month that a record 2.1 million people are now receiving benefits and other financial assistance. The JCP campaigns for a minimum wage of 1,000 yen ($12.80) an hour, paid for by tax increases for high earners and big business.” [After 20 years of Zero-Interest-Rate Policy; America next…]
Related posts:
Jury Nullifies Felony in Cannabis Grower’s Trial
Billionaire Saudi prince fires celebrity TV preacher for Muslim Brotherhood links
Suit Goes To Bat For Future Taxpayers [1986]
U.S. withdraws Bangladesh trade 'privileges' over worker safety
China bitcoin arbitrage ends as traders work around capital controls
When Police Violate the Constitution
Justin Amash amendment to defund the NSA may be circumvented by House leadership
Pressure to legalise marijuana after Australian boy denied treatment
Genetically modified salmon not harmful, FDA says
Welcome to the Future: Congress Takes on 3-D Printing
Marc Faber: Beware, a False Rally May Be Coming
Obama on prosecuting Edward Snowden: I will leave it up to the Department of Justice
Are there major mistakes in the bombshell economics book of the year?
Charlottesville, Virginia Becomes First City to Pass Anti-Drone Legislation
China’s falling real-estate prices trigger protests, clashes