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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      13/The country's suicide rate has fallen by about a third, but remains high compared to other rich countries.http://www.newsweek.com/japans-suicide-rate-finally-falling-new-report-finds-617309 …

      1 reply 0 retweets 24 likes
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    2. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      14/Anyway, back to Japan's broken corporate culture. As a result of little movement between companies over the course of people's careers, entry level salaries are low. Much of compensation is still based on age.https://soranews24.com/2014/04/08/can-you-guess-the-starting-salaries-at-popular-it-companies-in-japan/ …

      1 reply 3 retweets 21 likes
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    3. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      15/Long, unproductive hours in the office. Difficulty of mid-career moves. People trapped in dead-end jobs. In many companies, little chance to get ahead by doing well at your job. It's a broken corporate culture that needs to change.

      5 replies 3 retweets 36 likes
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    4. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      16/Often, whether you get a "full-time" or "contract" job out of college determines the trajectory of your entire career, with very few second chances. It's a corporate world of haves and have-nots. http://www.jil.go.jp/english/reports/documents/jilpt-reports/no.10_japan.pdf …

      2 replies 2 retweets 28 likes
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    5. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      17/Some companies have made progress toward changing this culture. https://www.bloomberg.com/view/articles/2017-08-15/for-the-sake-of-productivity-put-a-woman-in-charge … But they're still too few and far between. The government recognizes the problem, but is having difficulty changing decades of entrenched practice throughout the entire system.

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    6. #TestAndTrace Smith  🐇‏Verified account @Noahpinion 16 Apr 2018
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      18/Because it doesn't have many super-rich people, Japan's inequality looks substantially lower than America's (but higher than Europe's). But poverty has risen in Japan, and is a big problem.https://www.theguardian.com/world/2017/jan/17/japans-rising-child-poverty-exposes-truth-behind-two-decades-of-economic-decline …

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    7. Patrick McKenzie‏ @patio11 16 Apr 2018
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      Replying to @Noahpinion

      IMHO measures of inequality in Japan fail because they focus far too much on inequality of income and assets, where income is in a very constrained range (especially for young'uns) and the largest asset of most Japanese households isn't financialized but is still an asset.

      0 replies 0 retweets 1 like
    8. Patrick McKenzie‏ @patio11 16 Apr 2018
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      Replying to @octal @Noahpinion

      Reputational/social capital at the firm employing the husband. There's some number, X, at which you could convince a salaryman to accept this deal: "You convert to a contract employee tomorrow and everyone treats you like a new hire, forgetting your entire career."

      1 reply 0 retweets 1 like
    9. #ohyeah #learn #infosec #comedic #investing #cyber‏ @MrTurkey 16 Apr 2018
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      Replying to @patio11 @octal @Noahpinion

      Hmm sounds theoretical, also you can't spend or transfer that, so it's not an asset

      1 reply 0 retweets 0 likes
      Patrick McKenzie‏ @patio11 16 Apr 2018
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      Replying to @MrTurkey @octal @Noahpinion

      You can borrow against it, insure it, and lease it out, and it forms a majority of the household portfolio, so if it’s not an asset then the definition of asset is probably broken.

      6:18 PM - 16 Apr 2018
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        2. #ohyeah #learn #infosec #comedic #investing #cyber‏ @MrTurkey 17 Apr 2018
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          Replying to @patio11 @octal @Noahpinion

          I have been employed for 10 years, 20 years with Sony... Career Success, is that the only thing alone is based on? Japan's lending is so weird anyway, face zombie Banks you name it, but yes reputation is something, but you can only destroy it, not sell it to others

          1 reply 0 retweets 0 likes
        3. #ohyeah #learn #infosec #comedic #investing #cyber‏ @MrTurkey 17 Apr 2018
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          Replying to @MrTurkey @patio11 and

          In fact using your reputation in a fraudulent way destroys it doesn't it? I think it'd be nice to ask some Japanese, but I know what you mean there are abstract non-tangible measures of value, apart from blocks of heavy metal, physical houses and shares of stock

          1 reply 0 retweets 0 likes
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