Japan should double its minimum wage

Move would help tackle issues of stagnant growth, labor shortages and low productivity

Len Schoppa and Herman Mark Schwartz

October 15, 2024 17:05 JST

Japan's minimum hourly wage currently stands at around 1,000 yen ($6.68). © AP

Len Schoppa is a professor of politics at the University of Virginia and author of "Race for the Exits: The Unraveling of Japan's System of Social Protection." Herman Mark Schwartz is also a University of Virginia professor of politics and is the author of "Subprime Nation: American Power, Global Capital and the Housing Bubble."