EB by Esther. https://padlet.com/Esther422/uvwowz8zror2lc60 en-us 2024-10-22 02:59:26 UTC 2024-10-22 03:06:38 UTC hello@padlet.com Para 2: yiran8358 https://padlet.com/Esther422/uvwowz8zror2lc60/wish/3180722898 why Japan government increase minimum wage

因为有inflation，price level上涨了，当nominal wage不变或者nominal wage增长速度赶不上inflation rate时，the purchasing power of the nominal wage就会下降，导致real wage可能下降，因此对日本household来讲，他们能购买到的goods and service减少，因此，well-being worsened.

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