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Japan’s labor market is tight, and higher wages may be needed to retain workers

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Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#11

Earlier quoted context omitted.

I guess I'd always assumed that the Baby Boom was the result of a victorious end to war, but the other makes sense too. Was there a baby boom after WWI, or the American Civil War, or other wars that siphoned off a major part of a country's young men?

Japan may have been the loser, but it also had a big postwar economic boom. To me this seems like the more obvious cause.

The Allied Powers had seemingly learned the lessons of Versailles and didn't try to punish the losers (well, not as much), instead letting them grow. Thus why them not being victorious didn't matter, I guess.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#12

Earlier quoted context omitted.

Japan may have been the loser, but it also had a big postwar economic boom. To me this seems like the more obvious cause.

The Allied Powers had seemingly learned the lessons of Versailles and didn't try to punish the losers (well, not as much), instead letting them grow. Thus why them not being victorious didn't matter, I guess.

Also, the US felt a strong, capitalist Japan would be less likely to fall prey to communism.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#13

Earlier quoted context omitted.

Japan may have been the loser, but it also had a big postwar economic boom. To me this seems like the more obvious cause.

The Allied Powers had seemingly learned the lessons of Versailles and didn't try to punish the losers (well, not as much), instead letting them grow. Thus why them not being victorious didn't matter, I guess.

America did try to punish the Germans. Millions starved as a result of deliberate Allied policy. It wasn't until the schism with the USSR that policies shifted. Eisenhower in particular wanted Germany to be an agrarian society.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#14
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

Context is a bit important. My understanding (erroneous perh) About 30% of the workforce works at the larger companies -The Mitsubishis, Toyotas, etc. Those are the ones who used to typically hire before graduation and offered the "lifetime employment". Most of the workforce work for SMBs (<300 emps) --not the prototypical salaryman employer. Not all salarymen are averse to job hopping --though at low annual percentages, still the typical worker didn't work their whole life at one co. AFAIUI.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#15
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

> my boss assumed that it would be sourcing the bride

Are you sure you understood him correctly? That would be highly irregular, to say the least. More likely it was an offer to pay for a matching agency. Arranged marriages between specific people are pretty rare these days, and unheard of outside of family. Unless your boss literally adopted you, he would never take on that responsibility!

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#16
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

> my boss assumed that it would be sourcing the bride. Yikes.

The image you have is probably close to how in some societies 2 families decide their children are betrothed to each other.

The reality is closer to match making: some colleagues might introduce you to somebody who could be a match. Or maybe they will invite you to what is called a goukon, a group date where one of the male participants invite a few colleagues or friends of his who are single while his girlfriend invite the same number of female colleagues or friends of hers who are single.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#17
post #10
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

Wow. Choosing your wife for you? Who and where was this company?! My experience with a traditionally Japanese run megacorp/zaibatsu in the heart of Tokyo is much more like a traditional western company. The minutia of HR is very Japanese and hard to get your head around, but the broad strokes of salary/bonus/non monetary benefits (I had to look up what pecuniary means) is basically the same.

I don’t think “choosing” is the right word, it’s more like providing the opportunity to meet someone with drinking events, goukon etc. At least if his company is like the ones I’ve seen.

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#18
post #10
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

Wow. Choosing your wife for you? Who and where was this company?! My experience with a traditionally Japanese run megacorp/zaibatsu in the heart of Tokyo is much more like a traditional western company. The minutia of HR is very Japanese and hard to get your head around, but the broad strokes of salary/bonus/non monetary benefits (I had to look up what pecuniary means) is basically the same.

[deleted]

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#19
post #15
post #2

Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed across all W-2 employees in the US. ("Expectation of lifetime employment" is a biggie; there are substantially more subtle terms, too, like "We're going to take care of you , and we si…

> my boss assumed that it would be sourcing the bride Are you sure you understood him correctly? That would be highly irregular, to say the least. More likely it was an offer to pay for a matching agency. Arranged marriages between specific people are pretty rare these days, and unheard of outside of family. Unless your boss literally adopted you, he would never take on that responsibility!

I doubt he would phrase it the same way I did, but I am absolutely not materially misremembering the conversation in which he said, and this is a verbatim quote translated from Japanese, "[24 year old coworker], this is Patrick. He just joined, graduated from a good school in America, and has a bright future with the company. Have you ever considered an international marriage?"

Re: Japan’s labor market is tight, and higher wages may be needed to retain workers

#20
post #19
post #15

Earlier quoted context omitted.

> my boss assumed that it would be sourcing the bride Are you sure you understood him correctly? That would be highly irregular, to say the least. More likely it was an offer to pay for a matching agency. Arranged marriages between specific people are pretty rare these days, and unheard of outside of family. Unless your boss literally adopted you, he would never take on that responsibility!

I doubt he would phrase it the same way I did, but I am absolutely not materially misremembering the conversation in which he said, and this is a verbatim quote translated from Japanese, "[24 year old coworker], this is Patrick. He just joined, graduated from a good school in America, and has a bright future with the company. Have you ever considered an international marriage?"

Oh I'm not doubting you. But that's slightly different. Putting in a good word for you and making introductions to eligible young co-workers isn't quite the same as "here's your bride!", which is what it sounded like.

I can absolutely imagine a 50s-ish japanese boss saying exactly the contents of your quote.

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