Currently, given the situation in which firms face what have been called the “six headwinds”,4 the profits enabling firms to boost distribution are unlikely to rise, even if management wishes to increase the distribution to employees.
This is due partly to the significant decline in the competitiveness of some sectors of manufacturing and the resultant halt in improvement in corporate profits, the source of wages. E.  Differences in employment adjustment between the United States and Japan  The difference in employment adjustment between the United States and Japan has some effect on developments in wages.