Wage Administration in Japan

Abstract

The real wage per man. hour of Japanese and German production workers in manufacturing in 1974 was 49 %, and 82 % respectively, that of their colleagues in the U.S. In 1972, the labor cost/sales ratio of Japanese top-ranking firms in given industries was much less than that of the German firms; it was 6.9 % vs. 27-9 % in auto and 12.9 % vs. 22.1 % in steel industry, respectively.