I am quite bearish about the impact of WFH, especially for software engineers, but if there is one country where I think the coronavirus can have a huge positive effect for the economy, it is Japan. Japanese companies are generally extremely inefficient. Outside of a few powerhouses, partially thanks to a protected and large domestic market, Japanese labor practices are antiquated. There is a culture of overwork that…
How does this square with for example the Japanese car market, which I thought led the world in labour practices and efficiency? They've invented many labour practices that are considered the best we have today. And their cars are so cheap - how are they doing this if they aren't being efficient? For example are Toyota's engineering and factories running on wasted meeting time, fax machines, and hand-written letters?…
I used to work at Toyota, although it might have changed since I was there (I doubt it changed significantly, though).
The factories and supply chain seemed well optimized. This is a huge cost in producing cars, so it makes sense to focus on this even over engineering productivity, to some extent.
But engineering certainly did involve lots of meetings, paper documents with hanko seals, and antiquated IT systems.