accompany wage adjustment may increase corporate labor costs, reduce new employment of youngsters, and may rather act as a cause … trend of our society. A mandatory retirement system is an employment practice mainly found in Japan and Korea where … quadrating lifetime wage with lifetime productivity on the premise of long-term employment. As the cycle of production is reduced …

total employment. This figure grew by around 300,000 in the previous four years. The growth trend was particularly …

minimum wage increase in 2018 has so far produced no significant declines in employment. However, if drastic increases … economies and employment growth will likely exhibit a large drop distorting the wage structure. Thus, an adjustment in the pace … employment, there are several options available to employers to respond to the minimum wage increase such as raising prices …