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CEO behind Japan’s best-performing stock says his secret is raising salaries

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Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#71

Post by taurath »

NalNezumi wrote: post #35

While establishing a "cause & effect" here seems very hard, from my personal experience working in software field in Japan, I think the winning concept here is actually the combination of removing middleman and paying good salaries. Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software eng…

Shhh, buddy, he’s saying raising salaries here we don’t need to give alternate ideas ;)

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#72

Post by taurath »

NalNezumi wrote: post #35

While establishing a "cause & effect" here seems very hard, from my personal experience working in software field in Japan, I think the winning concept here is actually the combination of removing middleman and paying good salaries. Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software eng…

> Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software engineer & managers and still quite behind.

Have you used anything digital in Japan? I find the interfaces to be fast, user friendly, and energy dense. Far better quality than what most of the western software people put out. You might need to clarify what you mean by behind - just business culture?

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#73

Post by AussieWog93 »

Judgmentality wrote: post #18
ZephyrBlu wrote: post #12

Earlier quoted context omitted.

I'm not sure you what you mean. If you're working somewhere like Netflix I'm assuming the median employee is quite good, so "scaling down" your output to match that doesn't really make sense to me.

I'm guessing he means if you work somewhere that isn't "we only hire the best, and we'll fire you if you're not" like Netflix, the better employees realize they can work half as much for the same pay and just enjoy life more. These employees are optimizing for free time, not salary. As someone who thinks big tech pays ridiculously more than is necessary for a comfortable lifestyle, if I could work 1 day a week for 1/…

Even if you do work at a place like that, you can just get a job elsewhere (with similar pay, if you're outside of the US).

I used to work full time (50 hour week including commute) for a company with a really high-performing software culture full time, and quit to do my own thing just before COVID.

I now work about 20 hours a week and pull in a slightly higher wage compared to before. Better yet, any productivity improvements go directly to the bottom line, so I experience more wage growth in a month now than I did in a year back in industry.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#74

Post by throayobviousl »

taurath wrote: post #72
NalNezumi wrote: post #35

While establishing a "cause & effect" here seems very hard, from my personal experience working in software field in Japan, I think the winning concept here is actually the combination of removing middleman and paying good salaries. Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software eng…

> Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software engineer & managers and still quite behind. Have you used anything digital in Japan? I find the interfaces to be fast, user friendly, and energy dense. Far better quality than what most of the western software people put out. You migh…

Is it a coincidence that sony and nintendo have horrendous online offerings?

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#75

Post by nmfisher »

yocheckitdawg wrote: post #64
wait_a_minute wrote: post #54

Earlier quoted context omitted.

This is very interesting. So a person can raise a larger family on an engineer’s salary and be happy in Japan? An American expat.

One thing I have been wondering about from the outside is if part of what keeps Japanese lifestyle's relatively cheap is that the population is so homogenous (& seemingly law-abiding) that there doesn't appear to be the same emphasis on living in a "good area" as in other countries for personal security reasons. I wonder if this acts as a somewhat hidden subsidy to life whereas for people in many Western countries it…

This is an interesting dynamic I noticed when living in China, too.

There are no "good" or "bad" areas, only "rich" and "poor". If you're a student/minimum-wage worker who can only afford to live in certain areas, you're not forced to deal with the crime/drugs/general shitheads you usually encounter in the "bad" areas in the West.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#76

Post by s17n »

judge2020 wrote: post #70
nsonha wrote: post #62

Earlier quoted context omitted.

> if engineers in America are ridiculously overpaid, or why do you only compare to Japan and EU? American engineers get paid more than anyone else (except for EU outliers). I make slightly above 100k in Australia, it's a bit tight with the housing situation and cost of living but it's liveable. Cost of living in the US is lower except for maybe healthcare but engineers get companies pay for them anyway. I don't have…

Simply looking at the number value might be too surface level for this. The bay area has high wages because of the cost of living - due to the housing crisis and overall pay required to live in the area, FAANG and non-FAANG alike pay more simply in order to have employees that can actually afford living somewhere within an hour of the city - and with remote work, companies are docking employee pay to more competitive…

This is backwards, the high cost of living in the bay area is a result of the high salaries (and the barriers to expanding the housing supply).

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#77

Post by darren_ »

hardwaresofton wrote: post #50

Some context on the japanese job market from what I've seen: - The entire japanese job market's wages are depressed[0] - In 2019, pressure had to come from the PM (not the local unions) to raise the minimum wage to 1000 yen/hour (~$9/hour)[1] - Engineers are underpaid here, possibly more so than the EU in relation to the US. This is amplified for japanese companies (whether "black"[1] or not) - With nationalized heal…

Nitpick but you've repeated it in another comment so maybe worth correcting - 1 million yen is about $9k. 'Super salaryman' would probably be 10 million yen, I'd guess (haven't heard the term, but that doesn't mean much).

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#78

Post by nsonha »

hardwaresofton wrote: post #68
nsonha wrote: post #62

Earlier quoted context omitted.

> if engineers in America are ridiculously overpaid, or why do you only compare to Japan and EU? American engineers get paid more than anyone else (except for EU outliers). I make slightly above 100k in Australia, it's a bit tight with the housing situation and cost of living but it's liveable. Cost of living in the US is lower except for maybe healthcare but engineers get companies pay for them anyway. I don't have…

> why do you only compare to Japan and EU? American engineers get paid more than anyone else (except for EU outliers). I make slightly above 100k in Australia, it's a bit tight with the housing situation and cost of living but it's liveable. Cost of living in the US is lower except for maybe healthcare but engineers get companies pay for them anyway. Well those are just the biggest/most relevant tech labor markets I…

fair enough, fyi my line of thought is a bit Marxist, you should get paid based on your labour, time, mental energy etc put in the work as much as the result. When you pay people according to only "impacts" you create an incentive to make "viral" things. In software these days even without such incentive taking full effect, over abstraction, one-size-fits-all, github star counting are becoming bigger problems.

> you generally need some kind of soft/firmware to make robots move) is insane

The fact that you completely ignore the hardware is very telling. CPU has been improved according to Moore's law in the past few decades, if anything modern software engineering failed to live up to that potential and has been free riding on top of progress in hardware.

It's insane to make robots move but software is a small part of that, there is also mechanical/electrical engineering, battery techs etc. Software sitting at the top of that stack shouldn't takes all the credit. It's very hard to innovate on the lower layers with all the lab work and physical constrains.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#79

Post by pezezin »

hardwaresofton wrote: post #50

Some context on the japanese job market from what I've seen: - The entire japanese job market's wages are depressed[0] - In 2019, pressure had to come from the PM (not the local unions) to raise the minimum wage to 1000 yen/hour (~$9/hour)[1] - Engineers are underpaid here, possibly more so than the EU in relation to the US. This is amplified for japanese companies (whether "black"[1] or not) - With nationalized heal…

You are off by an order of magnitude, 1 million yen is ~9k USD. That's a ridiculously low salary here, fine for a college kid with a part time job ("arubaito") at your local konbini, but not much else.

Maybe you got confused because China, Japan and Korea group numbers by powers of 10 000 ("man")? Now a 1000-man (10 million yen, around 90k USD or 75k EUR) salary would be amazing, the average Japanese salary is 3 million yen.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#80

Post by hardwaresofton »

pezezin wrote: post #79
hardwaresofton wrote: post #50

Some context on the japanese job market from what I've seen: - The entire japanese job market's wages are depressed[0] - In 2019, pressure had to come from the PM (not the local unions) to raise the minimum wage to 1000 yen/hour (~$9/hour)[1] - Engineers are underpaid here, possibly more so than the EU in relation to the US. This is amplified for japanese companies (whether "black"[1] or not) - With nationalized heal…

You are off by an order of magnitude, 1 million yen is ~9k USD. That's a ridiculously low salary here, fine for a college kid with a part time job ("arubaito") at your local konbini, but not much else. Maybe you got confused because China, Japan and Korea group numbers by powers of 10 000 ("man")? Now a 1000-man (10 million yen, around 90k USD or 75k EUR) salary would be amazing, the average Japanese salary is 3 mill…

Thanks for pointing this out --

> That's a ridiculously low salary here, fine for a college kid with a part time job ("arubaito") at your local konbini, but not much else.

True -- min wage is 1000 yen, not hard to work out the lowest theoretical yearly salary would be with a 5 day work week. The usual exception of waiters that are below the min wage isn't here since the service sector generally doesn't do tipping.

> Maybe you got confused because China, Japan and Korea group numbers by powers of 10 000 ("man")?

Yup this is exactly it. Can't get used to dealing with that extra order of magnitude.

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