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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%

#321

Post by autoexec »

themaninthedark wrote: post #198
autoexec wrote: post #165

Earlier quoted context omitted.

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 fo…

> Do you ask for/expect a raise every year? Even if your job responsibilities and workload doesn't change?

Cost of living requires that. Also, even when my job responsibilities and workload don't change, my skills do. Someone who has gained valuable skill and experience should be better compensated than someone showing up for their first day of work.

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

#322

Post by skybrian »

__turbobrew__ wrote: post #316
skybrian wrote: post #306

Earlier quoted context omitted.

Inflation usually results in the central bank raising interest rates and thereby discouraging new loans for new projects, to try to prevent further inflation. Maybe you could win if you’re leveraged using fixed-rate, long-term loans and you’re also confident that you can sell something at a higher price. But that’s a rather specific financial maneuver.

You win when you have a fixed rate 30 year mortgage

Maybe, if you also get a raise. But there might be better ways to get a raise than hoping it will happen due to inflation.

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

#323

Post by autoexec »

sokoloff wrote: post #200
autoexec wrote: post #165

Earlier quoted context omitted.

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.)

> Is it also greed when consumers want to pay as little as possible?

Yeah, sometimes it is. People should be paid a fair amount for the resources, time and effort they put into something. Greed seems fitting when the motivation is just an endless repeating of "I want to give you less while taking more of your money for myself" although more often it's "for the company's shareholders".

Pushing for ever-increasing profit at all costs is what corporations do. Calling it anything but greed is just misrepresenting their nature.

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

#324

Post by mamaluigie »

gretch wrote: post #264
ryan_n wrote: post #255

Earlier quoted context omitted.

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.

god dam people are hostile these days

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

#325

Post by decimalenough »

sillysaurusx wrote: post #319
decimalenough wrote: post #298

Earlier quoted context omitted.

Have you checked Tokyo hotel prices lately? Thanks to the travel boom they're through the roof as well: the business hotel that was Y10,000 before COVID is now twice that, and Western branded hotels that were Y30,000 or so are now Y100,000+.

For western reference, ¥100,000+ is $615+, or €540+. Not cheap. I managed to find a room in SF for like $250 when I was looking, though you’d have to reserve it a week in advance. Is Tokyo really that expensive now?

You can still get a shoebox-sized business hotel for less, but if you want a room with enough space to open your suitcase, yes.

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

#326

Post by decimalenough »

Vaslo wrote: post #318
decimalenough wrote: post #298

Earlier quoted context omitted.

Have you checked Tokyo hotel prices lately? Thanks to the travel boom they're through the roof as well: the business hotel that was Y10,000 before COVID is now twice that, and Western branded hotels that were Y30,000 or so are now Y100,000+.

For the 98% of people on here that have no idea of the Yen conversion rates, we are talking about 60 usd to 184-600 usd, or 55 euro to 162-550 euro

Well, yes and no, because that 10000 yen room was US$100 back then, not $60.

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

#327

Post by [deleted] »

noirscape wrote: post #92
snapcaster wrote: post #67

Earlier quoted context omitted.

I hate this crab in a bucket framing. It's so anti-working person. Why isn't it that wages are insanely deflated compared to the US?

Because the conversation is incomplete if we're talking internationally. The cost of living in the US is much higher compared to most other first world/rich countries for one. Count up someone's basic living expenses in the US and those in another country (so taxes, rent and fixed costs) and the US often ends up much higher in terms of absolute values. In other countries, taxes usually soak up more of those fixed cos…

[deleted]

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

#328

Post by Pooge »

decimalenough wrote: post #298
Pooge wrote: post #152

Earlier quoted context omitted.

Yeah, and the price of rice has increased way more than that. Heat is making me too lazy to look it up so I wonder if it's gotten better in the past year. But Japanese people are very used to price increases. Granted, accommodation is not one of them. Especially if you compare Tokyo to London, Paris or even Geneva.

Have you checked Tokyo hotel prices lately? Thanks to the travel boom they're through the roof as well: the business hotel that was Y10,000 before COVID is now twice that, and Western branded hotels that were Y30,000 or so are now Y100,000+.

That's a fair point. I reserved a business hotel in Tokyo for ¥113900 for 7 days during off-season. After conversion, it's still reasonable since you wouldn't find something with the same quality and convenience in the cities I mentioned.

But what I meant was accommodation for residents and not hotels. I would much rather have to find a flat and live in Tokyo rather than any other big city in the world.

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

#329

Post by themaninthedark »

TheGRS wrote: post #234
themaninthedark wrote: post #207

Earlier quoted context omitted.

Sure 10% deflation would be a problem but so is 10% inflation. What about 1 or 2% deflation? People would still need food, to replace or repair cars. People would still want and need to buy houses. Inflation to my mind supposes that we have to have perpetual growth, which is something that is not realistic. If we grow 3 times the amount of corn that we need this year, do we need to plan to grow 3.1 times next year? O…

My general impression with most discourse about the economy and statements like "Inflation to my mind supposes that we have to have perpetual growth" is that it looks at transactions within the economy as zero-sum. And that is a false assumption. It grows and shrinks for myriad of reasons that aren't directly related to monetary policy. The monetary policy is there to attempt to keep things stable and predicable, tha…

I know that it is not a zero sum game and I get there are changes but I am not talking about 1976 to 2026. I am talking about 2025 to 2026. Or 2024 to 2025.

My premise was that input costs are stable and as automated as possible.

We still expect a 1 to 2% increase YOY.

I am not sure how ownership structure cange would give you growth or reduce cost.

Downstream buyers shouldn't affect it much either as we started out producing 3 times as much as is used. Unless someone suddenly found a use for all the excess.

Let me try again with a different example. Let's say that I run a bottle water company, I have an automated production line and I bottle as much water as I am allowed to pump. I sell all my product so there is no waste, this also means that I have all the customers that I need. I would still be expected to show growth YoY. How? Reduce material used in bottles? At some point the bottles are as thin as possible.

My point is, there is a lower limit to how much you can reduce things or how much you can grow. Not everything is there, in fact most things are probably not. But in our strive to grow or become more efficient we are also throwing away the ability to be resilient.

By moving to lean JIT we shutdown when a shipment is delayed. But we had less cash tied up in inventory!

Now we are applying those same practices to hospitals.

You can't fit 1~2% more chickens in the same cage, nor can you feed them less. So where does it come from? Is it worth the growth to spray the chicken down with bleach? Ship it to China to be slaughtered and back? Take the entrails, centerfuge them into pink slime?

What is the stopping point? That is my question.

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

#330

Post by fuzzy_lumpkins »

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…

$20 used to feed a whole family at KFC/Popeyes.
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