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Japan’s lost generation is still jobless and living with their parents

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231–240 of 354 posts

Re: Japan’s lost generation is still jobless and living with their parents

#231

Earlier quoted context omitted.

Economies not only produce, they also take. For example, two free people could engage in free trade where one is holding a gun and the other voluntarily gives up their wallet. At scale we call that a Trade Agreement.

I'm unsure where you're going with this comment?

I'm saying an empire's wealth in large part is a function of it's military - in modern times, that would be the USA aircraft carriers parked off the persian gulf and china https://news.usni.org/category/fleet-tracker

Re: Japan’s lost generation is still jobless and living with their parents

#232

Earlier quoted context omitted.

I just realized something. I have no idea how one deals with the rest of the kanji one doesn't know. Upon encountering kanji one doesn't know, how does one find out the meaning? How would you "look it up?"

Do Chinese people even have dictionaries???

Of course they do. In fact, there are two main types of Chinese dictionaries: phonetic dictionaries organized by pronunciation and character dictionaries organized by radical.

Re: Japan’s lost generation is still jobless and living with their parents

#233
post #213

The article clearly identifies the source of this challenge: HR culture I’ve worked in HR in the US. To say it is unbearably broken doesn’t begin to cover it. Japan’s rigid hiring rituals are specific but I’ve encountered quite a bit of rigidity in HR culture in the US as well. As we see nearly daily here on HN, the “filter process” HR uses is highly resistant to change and based on traditions that are objectively us…

If a lot of companies have rigid hiring processes where a lot of talented people through the cracks, why aren't those people snapped up by competitors who are more flexible?

[deleted]

Re: Japan’s lost generation is still jobless and living with their parents

#234

Earlier quoted context omitted.

> I've found Meetup to work very well for getting out of the house. Except a lot of the meetups where I live either haven't come back or they are "virtual". :(

I was thinking before Corona, last year was very good for me. Once you realize social media is mostly fake validation seeking behavior you can decide if that's what you want . Ends up being tons of stress and mental anguish for nothing at all. I'll say without a doubt people are absolutely meaner via social media vs real life. I recall when I lived in Chicago how everyone in certain areas knew each other. Act like a…

what are some good meetup for young folks? i find it hard to meet new people when i move to new city like seattle or sf

Re: Japan’s lost generation is still jobless and living with their parents

#235

I feel like the "Jobless and living with parents" pejorative is missing the mark. Jobless -- So what? If a country has figured out how to provide for its people w/o jobs, so what? For example if we had perfect AI-robot slaves we'd all be jobless. Would it be a problem? Maybe we should ask people why they want a job, maybe what they want to do doesnt require one? "Living with their parents" - Again, so what? Much of t…

I wonder if it does not go back a bit further than that. An internal bias towards not living with your parents could be the foundation of modern humans dispersing into every marginally habitable corner the planet in not many generations. (disclaimer; source unfounded speculation by me)

Re: Japan’s lost generation is still jobless and living with their parents

#236
post #12

I've traveled a fair bit, and every part of Japan that I've been to feels like I've timed-traveled 20 years into a better future [compared to anywhere else I've been]. Yet there seems to be a fairly constant negative economic narrative about Japan (and this narrative seems to be decades old). What's the deal? Are my observations superficial, or are economists just annoyed that Japan doesn't fit their world-view (low…

I’ve lived in japan and believe me, what you see as a tourist does not translate into reality. Japan in general is about 10 years behind the western world and in some places even more. Sure, tourist facing areas and central tokyo are pretty nice, but that’s not the reality in most places.

Are you currently in the western world? I live in Los Angeles, which is a city that feels like it's trapped in the 1990s. Our highways were never finished and the city is fundamentally crippled as a result. We are building rail faster than any other city but it's still far too little and much too late, and what we do build is littered with compromises and further issues that hobble its utility, such as a failure to develop grade separations, until the project is redone entirely. The local government is corrupt. The FBI is indicting councilmen and city hall officials left and right. We are zoned for a smaller population than we were in the 1920s, with 4x the population living here today compared to the 1920s.

This isn't just LA. Development across the U.S. over the past 20 years has been largely stagnant, and this is reflective in our huge shortage of housing supply that has come to bite us in the rear in recent decades with homes increasingly out of reach for working people, not just in California, but increasingly in flyover places like Idaho and Ohio too.

Of course, maybe it's the U.S. that is 30 years behind the western world.

Re: Japan’s lost generation is still jobless and living with their parents

#237

Earlier quoted context omitted.

Most of the debt is held by the Japanese themselves. They control their own currency. It isn't likely to be a problem for them.

Even still, the debt is held by people who eventually expect to use it to find their retirements. They can avoid external driven shocks, but at some point a smaller population can’t produce enough care for a larger one. That will play out in the debt markets, either with defaults or inflation.

The BOJ has been trying to raise inflation for like 30 years now and has epically failed. Inflation will not be the problem. The velocity of money in Japan is criminally low.

Re: Japan’s lost generation is still jobless and living with their parents

#238

I don't think it's a coincidence that Japan has the highest debt-to-GDP ratio and also the largest number of jobless youth living with their parents. Debt fueled by inflationary government money-printing drives wealth inequality between asset owners and salary earners. Newly printed currency boosts asset prices and inflates away salaries. As Milton Friedman pointed out, it also increases the tax burden on citizens tw…

That’s a lot of words but your facts are false.

1. Japan has low wealth inequality

2. Japan does NOT have high inflation

3. Japan has both low unemployment and high labor participation

[1] https://www.indexmundi.com/facts/indicators/SI.POV.GINI/rank...

[2] https://tradingeconomics.com/japan/inflation-cpi

[3] https://en.m.wikipedia.org/wiki/Labor_market_of_Japan

Re: Japan’s lost generation is still jobless and living with their parents

#239
post #220
post #113

Earlier quoted context omitted.

I could afford to move out sooner, but it would be waste of money. Instead I gave parents something out of what I earned to cover what I eat and some. It just was not an issue in any way. What exactly would I gained if I moved elsewhere to live alone or with roommate?

What exactly would I gained if I moved elsewhere to live alone or with roommate? Independence. A sense of self-reliance. Freedom to make your own decisions (good or bad) and learn from them. Freedom to live your life as you want, even if your parents disagree with it.

You can do all of that while living with your parents, depending on if they treat you as an adult or not.

Re: Japan’s lost generation is still jobless and living with their parents

#240

Earlier quoted context omitted.

I was thinking before Corona, last year was very good for me. Once you realize social media is mostly fake validation seeking behavior you can decide if that's what you want . Ends up being tons of stress and mental anguish for nothing at all. I'll say without a doubt people are absolutely meaner via social media vs real life. I recall when I lived in Chicago how everyone in certain areas knew each other. Act like a…

what are some good meetup for young folks? i find it hard to meet new people when i move to new city like seattle or sf

I found English meetups to be an incredible source for meeting younger people around my age pursuing varying careers and interests, especially when the culture prevents you from talking to strangers in most situations.

You're in the US so there's probably not English meetups, but there's probably an Esperanto interest group or you could try to find a group for another language you're learning.

I haven't personal been to SF but I figure you there's SIGs for a tech stack you like.

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