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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

#61
post #58
post #54

Yeah, I do get contacted by Japanese recruiters, and their comp in my field is pretty laughable by US standards. That said, the same applies to all of Europe as well. People literally seem to be making one third of what they'd be making in the US if they were any good.

The metric that you have to consider is salary - taxes - costs of living [including health insurance] + expected future revenues [in particular pensions] Can you provide me evidence that, say, Germany, is so much worse than the USA with respect to this metric?

It's also important to factor in the ability to move later. If I earn a small amount of money in a place with low cost of living, then I can't move to a high cost of living location later. If I earn a large amount in the US in a high cost of living area, then I can still live frugally and move to a low cost of living area later.

Cost of living is fungible. If I buy a property in an expensive city, then I have to invest a lot of my money, but I can also recoup that later if I sell the property. In boom cities the property will appreciate and create more wealth. Other costs like food and transportation provide the opportunity to be significantly frugal if you desire to be. But with the high compensation available to top workers in tech, it's possible to not be frugal and still save a large amount.

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

#62

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.

It may also have been to do with little other recreational options. Poland had a baby boom after curfews were introduced in the 1980's: https://www.economist.com/news/europe/21725707-now-polish-fi...

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

#63
post #44

Earlier quoted context omitted.

Sure, but to some extent this is Japan in a nutshell - joining anything from a university circle to the neighborhood adult volleyball team does tend to come with new drinking buddies, albeit at varying scales. (And having said that, if you're single you can of course expect the volleyball coach to paternally try and set you up with that nice 24 year-old on the team...)

kinda related, how easy for a foreigners to play in the local volleyball team in Japan? I'm considering to move in Tokyo for a year or more, and would love to find some vball buddies

[deleted]

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

#64
post #44

Earlier quoted context omitted.

Sure, but to some extent this is Japan in a nutshell - joining anything from a university circle to the neighborhood adult volleyball team does tend to come with new drinking buddies, albeit at varying scales. (And having said that, if you're single you can of course expect the volleyball coach to paternally try and set you up with that nice 24 year-old on the team...)

kinda related, how easy for a foreigners to play in the local volleyball team in Japan? I'm considering to move in Tokyo for a year or more, and would love to find some vball buddies

I work for a global / English-speaking company in Japan. We don't have futsal and basketball instead of vball, but it's pretty easy to get started. PM me if you're interested.

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

#65
post #44

Earlier quoted context omitted.

Sure, but to some extent this is Japan in a nutshell - joining anything from a university circle to the neighborhood adult volleyball team does tend to come with new drinking buddies, albeit at varying scales. (And having said that, if you're single you can of course expect the volleyball coach to paternally try and set you up with that nice 24 year-old on the team...)

kinda related, how easy for a foreigners to play in the local volleyball team in Japan? I'm considering to move in Tokyo for a year or more, and would love to find some vball buddies

[deleted]

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

#66
post #12

Earlier quoted context omitted.

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.

Concerns about communism also led to them doing a 180 on keeping war criminals around and in them outright funding Japanese organized crime to violently suppress the Japanese left, as detailed in Kaplan and Dubro's Yakuza book. Japan still has echoes of this policy in that organized crime is entangled with legitimate government and business to a surprising degree.

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

#68

Japan has one of the lowest birthrates in the world. This is inevitable as demand from the elderly outpaces young people to fulfill it.

Presumably though, as tax revenue falls due to citizens retiring, that will lead to more privatization of services as the government won't have the money to buy them, and a consequential push towards automation as service providers try to lower costs. If automation happens quickly enough it's not outside the realms of possibility that Japan's aging population could lead to fewer jobs in some sectors.

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

#69
post #42
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…

I actually know several instances of how company expects employees to sacrifice everything for the wellbeing of company and how company takes care of employees for life. One example, during 2008 crisis, the company my friend was working for 20+ years already, was in trouble and didn't pay employees for almost a year. My friend continued to work for the company despite it being bankrupt and him not getting paid for so…

I find all these anecdotes interesting, but I'm not sure how much I can extrapolate from them.

I've worked in Japan, and seen the inside of a few Japanese companies. I've seen some weird stuff. I've worked in other countries too and I saw some pretty weird stuff in those companies too.

Thing is, I think there's a tendency too attribute weird things that happen in Japan to "Japanese culture" where-as sometimes it's really just a weird thing that happened...

I think that's less of a case perhaps in other countries, where you have a better understanding of the baseline culture.

I'd love to see more studies/data on what the average experience is like.

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

#70
post #50
post #38

The problem is Japan has been in a deflationary environment for so long that they've forgotten how to bump up a price and turned into a nation of misers. I've witnessed first hand the collective hysteria when an ice cream company raised their prices by 10 yen[0] and also had to put up with coworkers banging on in excitement whenever 7-11 has an Onigiri sale dropping from 110 to 100 yen. Not to mention the queues stre…

> the problem is young people are too smart to take them up on their pitiful 700 yen per hour offers, There's a large population of chinese students in Japan who are very happy to work at such rates.

> There's a large population of chinese students in Japan who are very happy to work at such rates.

> which in Tokyo barely cover your transport and lunch costs

Is this another of those things where paying a person an non-livable wage is going to be construed as a Good Thing™? How about we raise the prices so the people serving us the food can, you know, live?

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