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

Post by nsonha » Mon, May 17, 2021, 12:00 PM UTC

matwood wrote: post #187

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…

> but I think software engineers are overpaid. I'm curious why you would think this. In some ways software is a trade, but what makes it unique to nearly any other profession is its multiplicative effect. One software engineer can write a program that improves the productivity of thousands or more people. What would you pay the person who invented the lever? Now, what you would the pay the person who invents the leve…

Post by nsonha » Mon, May 17, 2021, 12:12 PM UTC

matwood wrote: post #189

nsonha wrote: post #141

Earlier quoted context omitted.

> I can't really agree that incentivizing raw labor I read history books, I'm not that stupid. The reason I bring this up is a couple of comments up you said software creates tremendous value, I guess this is true for many other types of innovations too. You proceeded to say software developers need to be paid proportionate to that value and I disagree there. If we look at salary as incentive I would say that softwar…

> If we look at salary as incentive I would say that software engineers get enough incentive to do our job. As long as we get paid better than most other professions, society/the economy don't need to pay us more. I disagree. The value created is going to be accreted somewhere, and I would prefer that somewhere be the labor that created it rather than the capital funded the creation.

Post by DaedPsyker » Mon, May 17, 2021, 12:15 PM UTC

matwood wrote: post #185

novok wrote: post #104

Earlier quoted context omitted.

In canada, most places are not 'bad' areas, but just lower income or higher income. The competitiveness to live a richer area to get better schools is not much of a thing, almost a foreign concept.

> The competitiveness to live a richer area to get better schools is not much of a thing, almost a foreign concept. I assume Canada doesn't primarily use local property taxes to pay for schools. This whole better schools thing is in higher income areas is a self imposed problem in the US.

Post by prometheus76 » Mon, May 17, 2021, 12:23 PM UTC

Post by ClumsyPilot » Mon, May 17, 2021, 12:34 PM UTC

ridaj wrote: post #69

hardwaresofton wrote: post #58

Earlier quoted context omitted.

At many Japanese colleges, graduating with ~$40k/year at an office job is considered success after undergoing "seishoku katsudou" which the junior year college hunting process, as long as the company is of good repute. As japan is very homogenous culture wise relative to other countries, it's very common for people to generally start families before ~25/by the end of their 30s. $40k is a salary under which doing this…

Software engineers in Europe aren't "underpaid," there just aren't enough highly successful European tech companies to make the job market there as tight as in the US. So they're paid less than what they'd be paid in the US, but that's just because that's what the market pays there IMO. There isn't a "fair" price other than the market's to judge whether someone is overpaid or underpaid, just offer and demand...