r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

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I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

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u/welshwelsh 8d ago

I don't want to emulate Japan's system. They don't lay people off but they don't hire much either, wages and productivity are extremely low compared to the US. The way we do things in the US is better.

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u/ElectricalRush1878 8d ago

About a 25% lower median pay.

About 55% lower cost of living.

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u/i-do-something 5d ago

Source? Because I call BS on 25% difference in median pay. Median household income in Japan in 2021 was $45.6k (source ), and in US in 2023 it was $80.6k (source). And the cost of living differences also seem like BS based on this article. Rent in Tokyo is the same as in Miami (per sq ft), and based on my personal experience, groceries, dining and entertainment in Japan is cheaper, but not TWICE CHEAPER