Also true regarding e.g. Japan, and easy to miss if one sticks to the tourist areas or hangs around exclusively with people who won the climb up the ladder. https://twitter.com/mattyglesias/status/1248794007112646656 …
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“That’s an exaggeration.” Bob wakes up at 5 AM. He begins his commute at 5:45 AM. Bob arrives at his place of employment at 7 AM. He is not allowed to leave until 7 to 9 PM. Bob’s boss physically struck him last week. His after-tax income this month was $2,100.
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You talk about salarymen a lot. What is an example of an actual functional role one of them plays?
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Systems engineer. Insurance sales. Accountant working for a large company. Middle manager at a bank. Project manager. Editor. etc, etc
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I'm not an economist, but fear that Fed policy is going to make our economy like Japan's (slow grind forever) instead of letting it crash, burn, and recover.
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