Kasz216 on 31 March 2014
| the2real4mafol said: The average worker gets considerably better wages in Japan than America but the culture and the structure is very different too. If anything, CEO's should get the most but American CEO's just take the piss. They hoard the wealth to themselves. Why else would pay go up so much for the 1% since 1980 but remain stagnant for everyone else? It's just greed and I think between wealth hoarding and the huge amounts of tax evasion, they are damaging western economies big time. In Japan, if the company does poorly, the CEO gets a pay cut. In America or the west in general, he or she seems to get rewarded regardless of their performance. That is a big problem. |
I mean... maybe you have different numbers
I'm seeing Median income by PPP being about 33% higher in the US.
Meaning the average worker in the US makes WAY more money.
A low end worker makes more in Japan... but a low end near minimium wage worker is not your average worker.
Additionally, pay for everyone else hasn't stayed stagnat since the 1980's. Wages have... total compensation hasn't.
Starting from the 1980's onword there was a push (by government) to change benefit increases from wages to other benefits, such as free healthcare.
As such you tend to just see people misrepresent the truth by using a "Total Wages" graph... instead of a "Total Comensation" graph.
A total compensation graph looks more like this.
