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RE: LeoThread 2024-12-05 13:23

in LeoFinance7 days ago

Part 2/8:

The Social Security barrier refers to specific thresholds related to earnings and working hours. Once an employee's income surpasses a certain level—specifically, if they earn over 1.06 million yen—they are required to start contributing towards social security payments. This requirement has resulted in a phenomenon where individuals, particularly part-time workers, often adjust their work hours to fall below this threshold, subsequently causing significant distortions in the labor market.