Minimum Wage in the United States and Japan: Difference between revisions

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=Minimum Wage Definition=
=Minimum Wage Definition=
===United States===
===United States===
*Minimum wage is the minimum hourly, daily or monthly wage that must be paid to employees or workers. Each country sets its own minimum wage laws and regulations, and more than 90% of all countries have some kind of minimum wage legislation. (according to wikipedia)
;the US
;;Japan
===Japan===
===Japan===
=Minimum Wage Differences=
=Minimum Wage Differences=

Revision as of 23:31, 19 November 2006

History of Minimum Wage

United States

Japan

Minimum Wage Definition

United States

  • Minimum wage is the minimum hourly, daily or monthly wage that must be paid to employees or workers. Each country sets its own minimum wage laws and regulations, and more than 90% of all countries have some kind of minimum wage legislation. (according to wikipedia)
the US
Japan

Japan

Minimum Wage Differences

United States

Whom does minimum wage apply? http://www.nolo.com/article.cfm/pg/2/objectId/244AD836-D9F5-49AE-813B0478FF97298B/catId/A6167778-4246-4156-A6277BB2DF1CE4C4/111/259/232/ART/

Japan

Whom does minimum wage apply?

United States and Japan Enforcement Laws

United States

Who regulates?
  • Department of Labor's Wage and Hour Division
What is regulated?
  • Minimum Wage
  • Overtime
  • Child Labor Standards
  • Record Keeping
How are regulations maintained?
  • Submitting of Records
Consequences
  • Fines not exceeding $10,000 per violation

Japan

Who regulates?
  • Ministry of Labour (Korosho)
What is regulated?
  • Same as United States
How are regulations maintained?
  • Inspections in Demember and Springtime
  • Submitting Records
Consequences
  • Fine not exceeding 10,000 yen

United States's vs Japan's Minimum Wage

United State's/Japan's Advantages

United States

  • Benefits for working families
  • Benefits for disadvantaged workers
  • Help reserve the trend of declining real wages for workers
  • Strategy to end poverty
  • Low public and social costs

Japan

United State's/Japan's Disadvantages

United States

  • Reduce of labor hours and/or employment
  • Reduce profits
  • Raise prices
  • Attracts immigrants from low wage countries

Japan

WORKCITED

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