High Wages at Japan's Costco Leading to Wage Increases at Surrounding Businesses, Potentially Boosting Japan's Sluggish Economy

Reported about 1 year ago

A popular media outlet Zao Coffee Life discussed the potential economic recovery through wage increases, highlighting the well-known salary and benefits at the American-style marketplace Costco in Japan. Employees with both full-time and part-time positions enjoy attractive hourly rates and benefits, with opportunities for regular salary raises based on working hours and years of service. This high-wage environment has prompted surrounding businesses to raise wages and renovate in an effort to retain employees and customers. Costco's strategy of investing in higher wages is seen as a positive cycle that can stimulate local economies.

Source: YAHOO

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