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Cheap Japan: Low wages for tech workers delight foreign companies asia.nikkei.com

posted by  AkihabaraBot | 4 years, 4 months ago

Mercer's Total Remuneration Survey, which looks at compensation in 129 countries and 19 Chinese cities, illustrates stagnant incomes for Japanese workers in the modern information economy.
Median compensation for this class of workers in Japan totaled about $100,000 in 2017 -- less than in Singapore or Beijing.
Businesses worldwide are finding bargains in Japan's labor market.
This trend risks depleting Japan's talent pool for fields such as autonomous driving and artificial intelligence where advanced skills are essential.
"Overall, I'm positive on the moves Japan is making ... to increase salary levels for top tech talent," said Michael Craven, regional director at Hays Japan.