Incomes grew more than 250% over five years in the Tokyo district where Google and Apple have offices, compared to 7% for the whole city
6 months ago adcity Comments Off on Incomes grew more than 250% over five years in the Tokyo district where Google and Apple have offices, compared to 7% for the whole city
Income in Minato—the area in Tokyo where industry giants like Google, Honda, Apple, and Sony have put down roots—increased 251% between 2012 and 2016. That’s a big difference from the overall Tokyo income growth of 7%.
Japan has long been considered an example of income equality among rich countries. It still surpasses the US, but signs that inequality is growing are starting to appear.
Less stable work opportunities are slowly replacing Japan’s traditional lifetime employment structure.
Both younger employees just entering the workforce and Japanese women that haven’t been able to work are taking part-time jobs at a higher rate—and lower pay than full-time employees receive.
The wage gap between full-time and part-time workers varies from 30% for Japanese women and 45% for men.
With a shrinking population and a migration to economic centers, there is also growing wage growth disparity among regions in Japan.
While incomes grew in places like Tokyo, where the average income increased 23% to $98,000 between 2012 and 2016, incomes actually shrank in regions like Kagawa and Nara.