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Nintendo has raised its employees base salary by 10%

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Re: Nintendo has raised its employees base salary by 10%

#261

Post by maxrecursion »

epsteingpt wrote: post #25

I 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…

Popeyes has always been ridiculously over-priced. I stopped going there over a decade ago when I realized they charge at least 2x any other fast food place that exists. They are the same as Five Guys, but at least Five Guys puts some effort into appearing like you are getting quality food. Both are way over-priced though.

Re: Nintendo has raised its employees base salary by 10%

#262

Post by ForHackernews »

keiferski wrote: post #99
epsteingpt wrote: post #25

I 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.

https://www.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3...

> Here is a startling fact: in 2014 there were 142,417 housing starts in the city of Tokyo (population 13.3m, no empty land), more than the 83,657 housing permits issued in the state of California (population 38.7m), or the 137,010 houses started in the entire country of England (population 54.3m).

Re: Nintendo has raised its employees base salary by 10%

#263

Post by skybrian »

socalgal2 wrote: post #219
epsteingpt wrote: post #25

I 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…

Prices in California seem out of control to me. Recent examples, BLT + Coffee = $36, Plate of broccoli, plate of peas, small pizza, tap water = $95. Plate of 2 tacos, burger, 2 drinks = $120. 2 sandwiches = $60 As for Japan. ATM food is often cheaper. If you want cheap though, there are plenty of much cheaper places in the world. For rent, there are cheap options I wish existed in the states. As many point out tho, s…

Where in California is that?

Re: Nintendo has raised its employees base salary by 10%

#264

Post by gretch »

ryan_n wrote: post #255
smoovb wrote: post #215

The CEO then went on to explain, “We raised base salaries in Japan by 10 percent in April 2023,” adding, “Since then, we have continued to review our compensation system to ensure that remuneration aligns with employees’ demonstrated capabilities, and in April 2026 we implemented further salary increases, including for starting pay.” If their last raise was 3-4 years ago, this is a simple inflation adjustment, amazin…

Still way better than what many companies do in the US regarding inflation adjustment...

You compared “companies in the US” to this 1 thing that 1 company did in Japan.

Why don’t you cherry pick the compensation at 1 company, maybe nvidia or openai, and do the comparison.

Re: Nintendo has raised its employees base salary by 10%

#265

Post by jacobr1 »

zubiaur wrote: post #245
gabriel-uribe wrote: post #229

Earlier quoted context omitted.

Yep. Counterintuitively, housing in Japan depreciates unlike most of the world

Wonder how it is like in other countries with shrinking populations. Say, Korea. Intuitively, it would make sense for housing prices to decrease when the demand decreases, supply being equal (It's not like housing deteriorates significantly in the short term).

Demand for the big cities is still increasing pretty much everywhere, even if some countries are seeing net decrease in demand on the whole. Also remember that supply deteriorates. The number of "ready to move into" homes can decrease over time without maintenance and rebuilds.

Re: Nintendo has raised its employees base salary by 10%

#266

Post by cjblomqvist »

smrtinsert wrote: post #217
smoovb wrote: post #215

The CEO then went on to explain, “We raised base salaries in Japan by 10 percent in April 2023,” adding, “Since then, we have continued to review our compensation system to ensure that remuneration aligns with employees’ demonstrated capabilities, and in April 2026 we implemented further salary increases, including for starting pay.” If their last raise was 3-4 years ago, this is a simple inflation adjustment, amazin…

A lot of companies seem to not do consistent raises for inflation

In Sweden, there's a fundamental agreement between companies, the state and unions to not have raises follow inflation (as it becomes reinforcing and hurting the rack economy).

Now, there's always discussion (you can guess who's arguing what if inflation is high and low...), but overall it seems to work pretty good.

Re: Nintendo has raised its employees base salary by 10%

#267

Post by bpt3 »

socalgal2 wrote: post #250
bpt3 wrote: post #238

Earlier quoted context omitted.

Or you can eat much better food all around for much less in other establishments. Businesses charge what they can get away with, and you're actively wasting money if you're referencing prices you actually paid for those meals recently.

You are correct I can find places that charge less. The point is, I used to go out to lunch and not have to worry about it. Now I go and get price shock.

It's interesting that some restaurants (and businesses in general) seemed to figured out within the last few years that a surprising (to me) number of people don't want to make any effort to comparison shop at all.

The only way to stop it is to stop giving them money.

Re: Nintendo has raised its employees base salary by 10%

#268

Post by gabriel-uribe »

zubiaur wrote: post #245
gabriel-uribe wrote: post #229

Earlier quoted context omitted.

Yep. Counterintuitively, housing in Japan depreciates unlike most of the world

Wonder how it is like in other countries with shrinking populations. Say, Korea. Intuitively, it would make sense for housing prices to decrease when the demand decreases, supply being equal (It's not like housing deteriorates significantly in the short term).

Not sure about Korea, but Japan's case is more interesting than simply adjusting for population: the government strongly incentivizes new buildings every few decades. There is also a culture of viewing housing as a consumable, which is the part that sticks out to me the most.

Re: Nintendo has raised its employees base salary by 10%

#269

Post by d4ng »

Tade0 wrote: post #117
epsteingpt wrote: post #25

I 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.

If you issue debt at non-positive yield, then there is no interest on your debt to offset with the yield from US bonds.
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