U.S. workers are getting their largest pay bumps in three decades, while wages in the U.K. are outpacing inflation. But for employees in some large Asia-Pacific economies, it is the opposite.
Pay growth remains anemic in Australia and Japan despite labor shortages, easing pressure on their central banks to raise interest rates More than 30% of company unions in Japan didn’t ask for a wage increase this year, according to labor-ministry data.
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