Good for them. Nintendo and Sony in gaming have always marched by a different drummer. They have a successful business plan, and they execute. While their competition over the years have faded away bankruptcy.
Nintendo has raised its employees base salary by 10%
191–200 of 371 posts
Re: Nintendo has raised its employees base salary by 10%
#192Earlier quoted context omitted.
Yes, but that meal is for 6-8 people. I don't think you can get to $68 for half as many people, even with drinks and tax. I just tried it with the "8pc meal" and 3 fountain drinks for the same location, and it came to $39.36, including tax. (If you want to try for yourself, I picked the Popeye's at 45 N Orange Blossom in Orlando, FL.)
> I don't think you can get to $68 for half as many people, even with drinks and tax. A 5pc chicken tenders, Mac and cheese, and a large drink is $25 before tax. If there are three people who get a similar meal (but not exact so they don't share the family meals) then the total is $75 before tax. Seems like the original price quote of $68 is certainly plausible for a group of three. I am sure its possible to feed thr…
> A 5pc chicken tenders, Mac and cheese, and a large drink is $25 before tax.
What region? Putting that same order together for a location near me is $16.23 after tax. Putting in the address above (45 N Orange Blossom in Orlando, FL.), the total was $17.35 after tax.
Re: Nintendo has raised its employees base salary by 10%
#193Earlier quoted context omitted.
As a kid, I always wondered why prices HAVE to keep going up. Seemed like a vicious cycle.
I'm not an economist, so maybe someone more knowledgeable can weigh in. But my understanding is that deflation is worse. If you can just stick $10k under your mattress and expect it to be worth 10% more in a year you have no incentive to invest. Businesses will just hold their cash, banks won't have money to loan out and the sort of investments that provide new jobs, goods and services are a risky high-effort bet com…
Right, a steady low level of inflation is a driver for risk taking, which drives investment cycle, hiring, etc. This cascades thru economy from firm to firm, in a virtuous cycle of growth.
Zero inflation even as a target would be hard to hit, as it would imply some absolute perfect match of supply/demand for goods.
Deflation leads to the opposite behavior - hoard your resources, don't invest, don't lend, don't hire. This then cascades through economy in a downward spiral.
Re: Nintendo has raised its employees base salary by 10%
#194Earlier quoted context omitted.
They do have at least one development studio there, Nintendo Software Technology: https://en.wikipedia.org/wiki/Nintendo_Software_Technology They also make quite a few more changes than expected when localising games. Or at least they did in the olden days, where the American versions of games sometimes had different/extra features compared to the Japanese originals. I think some of the localisation team are also reg…
> They do have at least one development studio there, Nintendo Software Technology. Oh, interesting! The list of games isn't particularly impressive though, a lot of ports and remakes. Compare that to also-US-based Retro Studios, which isn't considered under Nintendo of America from what I understand.
Retro Studios is a subsidiary of Nintendo, actually! Not sure how it's structured organizationally, but Nintendo does own it.
Re: Nintendo has raised its employees base salary by 10%
#195Earlier quoted context omitted.
I can't say I've ever been to Popeye's, but $68 for 3 people seems unlikely based on their online prices: I picked a random one in Orlando, Florida and the "family meal" (which appears to be a very large amount of chicken) is $20. The closest thing would be the "16Pc Classic Signature Chicken Family Meal," which is $55.69 at that location and is described as feeding between 6 and 8 people. So you'd need to tip a bit…
If they’re bigger folks or starving and someone doesn’t want bone-in chicken, I could see it. 3 large 4 piece combos is $55.50 in Miami, and I think there are other things in that range (eg a 5 pc tender meal if someone hates bone-in chicken so they can’t get a family meal). The family meals are substantially cheaper than individual meals, if you can get everyone to agree on bone-in chicken and the same 2 sides. A 20…
Who is out there paying a 20% tip at a Popeyes?!
Re: Nintendo has raised its employees base salary by 10%
#196Earlier quoted context omitted.
Did you spend $68 to feed 3 at Popeye's? If not, your comment is pretty irrelevant to this thread.
Dining prices are up to an extraordinary amount compared to pre-COVID. Prices never went back down despite inflation being "reigned in". Being surprised at a $68 bill at Popeyes just expresses you don't have a family to provide for, which is probably the default position of most of the posters on this forum.
> Being surprised at a $68 bill at Popeyes just expresses you don't have a family to provide for
I have a family to provide for. I'm surprised at a $68 bill at Popeyes. Taking my family there is normally a good bit less than that. Maybe if it was in some tourist trap area or something, but generally that would be quite high.
Re: Nintendo has raised its employees base salary by 10%
#197Earlier quoted context omitted.
Sounds like you don't pay for a family of people. I went out to dinner last night at a low/mid tier restaurant and it was over $100.
Did you spend $68 to feed 3 at Popeye's? If not, your comment is pretty irrelevant to this thread.
In my area, the three piece combo - fries, drink, and a biscuit - is $16.79 before tax on UberEats for pickup, and I'm in a fairly low COL area. $68 for three sounds about right.
Re: Nintendo has raised its employees base salary by 10%
#198Earlier quoted context omitted.
As a kid, I always wondered why prices HAVE to keep going up. Seemed like a vicious cycle.
In the end it's really just greed. Companies always want to charge as much as they can get away with. They are constantly testing price increases to see how high they can get their prices before they start losing enough customers that it hurts their profits. Older customers who have an idea in their mind of how much something is worth based on how much they've previously paid may eventually feel cheated and stop buyi…
Do you ask for/expect a raise every year? Even if your job responsibilities and workload doesn't change?
It's easy to boil it down and say greed or capitalism but I don't think it is a very reasoned position.
>Prices for goods in Europe in the sixteenth century rose to about four times the level that had prevailed during the preceding three centuries, increasing poverty levels but also raising the profit potential for those who were in a position to exploit an economy that was suddenly based primarily upon money and credit rather than labor and trade. https://www.ebsco.com/research-starters/history/worldwide-in...
Not sure if they were fully capitalistic by then but that was a long time ago.
I also know that Japan has had inflation for a long time, reading history about coins and looking up the worth of a mon that would be 10000 to 1 yen.
https://en.wikipedia.org/wiki/List_of_Japanese_cash_coins_by...
IMHO, inflation is driven by both greed (not just companies, everyone wants their retirement portfolio to go up) and increased money supply. The USA has a large amount of deficit spending, this is money that we just magic into existence. We have used it recently to try and manage crisis like 2008 GFC and COVID but I don't think that it is a coincidence that after those two events the costs of everything went up.
Worldwide the prevailing economic theory is that deflation is bad, I am not sure but unless we are willing to allow for some deflation you will only every have inflation.
Re: Nintendo has raised its employees base salary by 10%
#199I 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…
I watch one of those “apartments for rent in Japan” channels and I’m consistently shocked how inexpensive apartments are in lower tier cities / not Tokyo. Like a studio in an inconvenient part of Fukuoka for $200-250 a month. I guess the salaries are lower, but it’s hard to imagine such cheap rent in the equivalent American city.
Think I've heard anecdotes about Tokyo being pretty affordable as well. Quick search shows less than 1/3 of income typically spent on housing, which is much better than major US cities.
Re: Nintendo has raised its employees base salary by 10%
#200Earlier quoted context omitted.
As a kid, I always wondered why prices HAVE to keep going up. Seemed like a vicious cycle.
In the end it's really just greed. Companies always want to charge as much as they can get away with. They are constantly testing price increases to see how high they can get their prices before they start losing enough customers that it hurts their profits. Older customers who have an idea in their mind of how much something is worth based on how much they've previously paid may eventually feel cheated and stop buyi…
> In the end it's really just greed. Companies always want to charge as much as they can get away with.
Is it also greed when consumers want to pay as little as possible? (In some ways, of course it is, but at some point, the loaded term greed isn’t particularly helpful towards understanding perfectly ordinary microeconomic behavior.)