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Old November 12th, 2012, 12:24 PM   #11

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Yes, the Japanese currency has risen in the past few years. However, the boom was led by an intentionally undervalued currency - in order to make the exports cheaper. I guess the same route was followed by S Korea and China.
The yen has floated since 1973, so you can hardly level this accusation at Japan now, and the won has floated since 1997.
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Old November 12th, 2012, 12:39 PM   #12
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Hard work and lots of it.
Amen.

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Old November 12th, 2012, 12:50 PM   #13

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So, the people in Third World/undeveloped countries are poor because they are lazy?
no but they fail to produce technology and intellectual property. this is not because they don't have the people to do it, it's rather they don't have enough focus on science and entrepreneurship. mostly state's fault. they also lose good amount of people by brain drain. a very good example: turkey.
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Old November 12th, 2012, 02:16 PM   #14
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And while the Japanese work lots, they don't necessarily always work smart and efficiently.
Really? The Japanese have been using industrial robots in their factories since the 1970s.
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Old November 12th, 2012, 02:17 PM   #15
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The Japanese also have, IMO, better work ethics. Take for example Haruka Nishimatsu, former CEO of JAL. He pays himself less than his pilots, takes the bus to work, eats with his employees, and gave up his office. Do CEOs do that in America? Nope, they get bonuses.

http://boingboing.net/2011/02/25/jap...nes-ceo-p.html
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Old November 12th, 2012, 02:51 PM   #16

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The Japanese also have, IMO, better work ethics. Take for example Haruka Nishimatsu, former CEO of JAL. He pays himself less than his pilots, takes the bus to work, eats with his employees, and gave up his office. Do CEOs do that in America? Nope, they get bonuses.

http://boingboing.net/2011/02/25/jap...nes-ceo-p.html
Steve Jobs? Bill Gates?
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Old November 12th, 2012, 03:28 PM   #17
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Steve Jobs? Bill Gates?
Steve Jobs drived a Mercedes and owned a mega-yacht. Bill Gates lives in a mansion and has private jets. Yes Gates and Buffett and others gave a ton of money to charity, but they still make fortunes. Jobs himself wasn't that big on philanthropy.

Also, not all CEOs are like Gates and Buffett. Many CEOs in America receive bonuses. Meg Whitman for example. And look at all the Congressional Hearings we've had.
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Old November 12th, 2012, 04:02 PM   #18

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So, the people in Third World/undeveloped countries are poor because they are lazy?
I wouldn't say lazy because it's such a strong and un-neutral word. Maybe laid back.
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Old November 12th, 2012, 05:04 PM   #19

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Steve Jobs drived a Mercedes and owned a mega-yacht. Bill Gates lives in a mansion and has private jets. Yes Gates and Buffett and others gave a ton of money to charity, but they still make fortunes. Jobs himself wasn't that big on philanthropy.
Steve Jobs was paid $1 a year.

Are you saying that it is a bad thing for people who employ tens of thousands of people to enjoy what they make?

Last edited by WeisSaul; November 12th, 2012 at 05:09 PM.
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Old November 12th, 2012, 09:03 PM   #20

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A lot of CEO's do the 'I'm on a salary of 1$ a year' thing.
Sounds good in isolation but it doesn't point out that they are looked after in other ways and already have just about everything they need.

As to the Japanese, yeah as far as I know, there would have been some US aid after the war to get things rolling and then the Japanese would have taken it from there. Low wages, high productivity and long hours.

It pays to look at the products as well, one example, the Toyota Corolla, it was cheap, reliable and fuel efficient and had as many or more features that cars from the US or UK. Not just that, they constantly re-invented it and refined it to keep it up to date and selling. It's a very different car now than when it was first sold.

As far as Japanese work practices......unfortunately, in the offices at least, work long not smart is the watchword/phrase. It's in the culture there that to be the last to leave at the end of the day is a good thing even if you have literally nothing to do) and going home first is the worst. When people leave work they offer the office an apology of sorts, usually responded with a thanks for the hard work.

The result of this is office workers sitting at their desks staring into space or sleeping until quite late in the evening just to maintain an appearance.
It's truly nuts.
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