Japanese Firms Adopt Living Wage Standards Amid Minimum Wage Concerns
Companies across Japan are implementing living wages in response to criticism that minimum pay fails to cover basic living costs.
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Terms & Concepts
Living Wage: A wage level intended to provide workers with sufficient income to meet basic living expenses, typically higher than the statutory minimum wage.
Minimum Wage: The lowest legal hourly pay rate employers can offer, established by government regulation to protect workers from exploitation.