6 Tweets 1 reads Mar 31, 2023

1) Like rest of Western coverage there is an element of exaggeration & outdated ideas without accting for the reduction of work hrs over last 20 yrs
2) Big companies tried to keep job security along with other benefits as trade off. This is where "lifetime
employment" idea comes from. This even if there r short term losses to the company. Has side effects like less junkies who got laid off, less movement from city to city for new job (more investment in neighborhood incl local culture)
Toyota likes to keep
certain level of production in Japan even with higher labor costs to protect jobs & skills of local workforce, their advice to foreign shareholders who don't like this was not to buy Toyota stock
Sigma the lens maker is another e. g.
They even have 2nd & 3rd generation workers (i. e. their fathers & grandfathers also worked for Sigma) in this day & age
Then there r small family owned businesses that forego expansion so as not to compromise on quality, usually built around traditional food, clothes etc. They also "discriminate" in favor of the eldest son who usually gets sole ctrl of the business
This Japanese Shop Is 1,020 Years Old. It Knows a Bit About Surviving Crises.
Updated Dec. 3, 2020
The company has declined many opportunities to expand, including, most recently, a request from Uber Eats to start online delivery
archive.ph

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