I recently watched a video game journalist speaking about this(chicocartera from Eurogamer): apparently this raise happened in 2023. There was an official transcription from an investors meeting at that time where this was covered.
It seems there are some subtleties in the translation which could lead to think it happened recently.
Nintendo has raised its employees base salary by 10%
111–120 of 371 posts
Re: Nintendo has raised its employees base salary by 10%
#112That's very cool. They don't say whether or not it's retroactive, though (I'll bet not). I am astounded at some of the starting salaries, these days. Kids, right out of school, make more than I ever did, at the peak of my career. And can't afford a house. My father never made more than about $40K, but had a house in Potomac, two cars, and a stay-at-home wife. Money ain't what it used to be.
[flagged]
So what you are saying is that you build a cheap house by breaking the laws and local regulations?
Next logical step would be to just barge in the neighborhood house and live there for free.
Re: Nintendo has raised its employees base salary by 10%
#113I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
Why should salaries catch up to heady levels of SV? There are very few places in US that can match SV in salary.
Re: Nintendo has raised its employees base salary by 10%
#114Earlier quoted context omitted.
That's what I think I get... So few, I don't even bother to look how much more it is...
The worst is when you get a manager who’s either too clueless to realize you’re seeing a pay cut from an “increase” so small, or one who knows but is pretending otherwise. That awkward pause in the comp update meeting when they tell you about the “increase” and seem to expect some positive reaction. LOL.
"You work hard, screw over everybody that you love, hurt, rob, kill indiscriminately and maybe... just maybe, if you're lucky, you become a three bit gangster. It's bullshit. Go to college. Then you can rip people off and get paid for it. It's called capitalism"
Re: Nintendo has raised its employees base salary by 10%
#115I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
> In Japan, there's a big issue when a snack raises its price 2 cents That can't be true. So inflation just doesn't exist in Japan?
For decades after the 1989 crash they were in deflation. Only in the last 3-4 years has any meaningful inflation returned. Some context here: https://en.wikipedia.org/wiki/Lost_Decades
Re: Nintendo has raised its employees base salary by 10%
#116This does not apply to Nintendo of America, which famously does underpay in the Redmond, WA area and well.. I hear has trouble truly attracting talent in the first place.
How much does Nintendo of America really do? It's basically localization and marketing, right? And maybe outreach to third party developers? I would imagine they're able to underpay due to the allure of working for Nintendo combined with a lack of actual positions.
It's considered tech, adjacent to The Pokemon Company, also in the same area...
It's not just localization and marketing they do have corporate IT and some development/studio as well as very poor security policies that gets them breeched every now and again which makes sense, they pay poorly and from my personal experience gatekeep but that makes sense from the applicants that probably get in their applicant pool.
Re: Nintendo has raised its employees base salary by 10%
#117I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
For the longest time their strategy was to:
1. Issue bonds at near zero or even negative yield.
2. Buy US bonds.
The country is still one of the largest foreign US debt holders at $1.191T, and interest from this debt pays for a significant fraction of the interest on their own debt.
Re: Nintendo has raised its employees base salary by 10%
#118I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
[flagged]
Re: Nintendo has raised its employees base salary by 10%
#119Earlier quoted context omitted.
US tech wages are what everyone should be making. Tech looks high compared to everyone else, but it is more that everyone else's wages got suppressed.
>Tech looks high compared to everyone else, but it is more that everyone else's wages got suppressed. Where do you draw the line? Maybe everyone should be earning $10M/year like AI researchers, and anything to the contrary means it's "suppressed"?
Fine by me. Let's give it a shot.
Re: Nintendo has raised its employees base salary by 10%
#120I thought it is common in big companies to raise salaries by x% every year?
I'm not gonna lie, I chuckled a bit reading this.
This hasn't been the case for at least a decade now, if not more.
First it was extended out to maybe once every 2 years, then more, and lately at every company I've worked at (primarily large companies) where pay was mentioned the response is "we pay at or above market rates - discuss with your manager."