this post was submitted on 04 Sep 2023
10 points (100.0% liked)
Japan Life
642 readers
1 users here now
For people already living in Japan - anything relevant to living or working in Japan such as lifestyle, food, style, environment, education, technology, housing, work, visas, sport etc.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I read the article but they missed the point that higher inflation will cause consumers to spend less and ultimately slow the economy, increasing unemployment. Higher unemployment means more competition for jobs and lowball salaries. Now we might not see widespread layoffs here but the average person will be stuck earning peanuts.