You compared “companies in the US” to this 1 thing that 1 company did in Japan.

Why don’t you cherry pick the compensation at 1 company, maybe nvidia or openai, and do the comparison.

In Sweden, there's a fundamental agreement between companies, the state and unions to not have raises follow inflation (as it becomes reinforcing and hurting the rack economy).

Now, there's always discussion (you can guess who's arguing what if inflation is high and low...), but overall it seems to work pretty good.