Others may fail to adopt such strategies and have to restructure their businesses, merge with other firms, or close. Thus, the above three cases are likely to coexist for some time.
With regard to the overall economic perspective, the rate of wage increases will be roughly equivalent to the sum of (1) the rate of the aggregate price increases and (2) the rate of labor productivity growth. It is expected that the rate of productivity growth will improve toward around 1 percent or somewhat higher over the projection period.