alt Hacker News> many parts of the Japanese system of hiring for life
This is a terrible strategy. It encourages inefficiency to metastasize throughout the company.
No wonder Japan is stuck in a rut since the 90s and its debt-to-GDP ratio is 205% which is one of the highest in the world.
Your romantic idea of Japan would get destroyed by just browsing www.reddit.com/r/japanlife/
Japan has one of the worst work culture and low productivity in the world.
That’s why I said “many parts” and not “all.” I wouldn’t want to pick up a good number of their practices, but I think a company seeing layoffs as an embarrassing last resort is a positive trait.
I also think that concepts like debt to GDP ratio are somewhat detached from corporate policies.