Under-Appreciated German and Japanese Wage Developments

Last week more than 3/4 a million state workers in Germany won a 5.6% wage increase over a 2-year contract. Today I.G. Metall, the largest and most important private sector union, confirmed that at negotiations the begin on March 19, it will seek a 5.5% wage increase over the next year. Separately,…

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Under-Appreciated German and Japanese Wage Developments

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