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This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
Many both in and outside Japan share an image of the Japanese work environment that is based on a "simultaneous recruiting of new graduates" (新卒一括採用, Shinsotsu-Ikkatsu-Saiyō) and "lifetime-employment" (終身雇用, Shūshin-Koyō) model used by large companies as well as a reputation of long work-hours and strong devotion to one's company.
Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
Labor force participation rate (15-64 age) in Japan, by sex [2] Gender wage gap in OECD [7]. Japan is now facing a shortage of labor caused by two major demographic problems: a shrinking population because of a low fertility rate, which was 1.4 per woman in 2009, [8] and replacement of the postwar generation which is the biggest population range [9] who are now around retirement age.
Japan's minimum wage depends on the region and industry. Industrial minimum wages apply for certain industries and are usually set higher than the regional minimum. [ 1 ] If regional and industrial minimum wages differ, the higher of the two applies. [ 2 ]
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€1,934.40 (US$2288) per month, and €11.16 (US$13.2) per hour for persons 21 and older; between 30–80% (as low as €3.35 per hour) of this amount for persons aged 15–20. [163] An additional holiday allowance of 8% of the annual wage is paid in May or June, prorated for the time worked in the year.
The ratio of roads to total area was also low in central Tokyo at 14%, compared with 17% in London and 20% in Paris. [10] Despite the hard work and sacrifice that have made Japan one of the wealthiest nations in the world, many Japanese felt they are "a rich nation, but a poor people".