Costco's high wages in Japan prompt local businesses like Yamada-udon to increase salaries, potentially boosting low-paying economy.
Costco's high wage offering in Japan has led local businesses like Yamada-udon to increase their hourly wages to attract workers. This has the potential to boost Japan's low-paying economy as businesses compete to offer better salaries. After Costco opened a warehouse in a rural area, Yamada-udon raised its wages by a third, despite the challenges it posed for the company.
June 06, 2024
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