Clear difference in culture “the nail that sticks up shall be hammered down” Stable environment from Keiretsu - everyone succeeds together for 40 years Problem is that change is very difficult Clearly Japanese economic model is broken and new government policies will change quite a bit, in favor of entrepreneurialism Two KEY things to note about Japanese data: we didn’t value benefits and “Bonus” includes additional months of pay in June and December This was SUCH a different picture that we had to show it What does this data tell us? That big companies have bigger jobs that pay more Different
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