1/5
Businesses will complain that this will cause them to lose competitiveness in international trade, and they might be partly right, but I hope Rengo nonetheless succeeds fully. Japan suffers from low consumption, part of the cost of which is...
bloomberg.com/news/articles/…
Businesses will complain that this will cause them to lose competitiveness in international trade, and they might be partly right, but I hope Rengo nonetheless succeeds fully. Japan suffers from low consumption, part of the cost of which is...
bloomberg.com/news/articles/…
2/5
borne by Japanese businesses, in the form of slower growth, and part by its trading partners, in the form of higher trade deficits and rising debt. Raising Japanese wages would mean more domestic consumption, which means more domestic business investment...
borne by Japanese businesses, in the form of slower growth, and part by its trading partners, in the form of higher trade deficits and rising debt. Raising Japanese wages would mean more domestic consumption, which means more domestic business investment...
3/5
and, ultimately, more and better growth.
While it would be more effective if the increase in wages were coordinated across all major economies, or if there were steps taken to prevent the benefits from flowing abroad, even without either, higher Japanese wages would...
and, ultimately, more and better growth.
While it would be more effective if the increase in wages were coordinated across all major economies, or if there were steps taken to prevent the benefits from flowing abroad, even without either, higher Japanese wages would...
4/5
benefit Japan and the world. Perhaps we would all benefit not from another traditional trade agreement that focuses on further cutting frictional costs among its members (and, in so doing, worsening the need for everyone to compete by undermining wages) but rather one...
benefit Japan and the world. Perhaps we would all benefit not from another traditional trade agreement that focuses on further cutting frictional costs among its members (and, in so doing, worsening the need for everyone to compete by undermining wages) but rather one...
5/5
that, by limiting the ability to export excess savings abroad, would weaken the role of finance and encourage members to raise domestic wages (and, with it, worker productivity).
that, by limiting the ability to export excess savings abroad, would weaken the role of finance and encourage members to raise domestic wages (and, with it, worker productivity).
• • •
Missing some Tweet in this thread? You can try to
force a refresh
