this post was submitted on 27 Aug 2024
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Sony to raise PlayStation 5 price by 20% in Japan (asia.nikkei.com)
submitted 2 months ago by misk@sopuli.xyz to c/games@sh.itjust.works
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[–] darkdemize@sh.itjust.works 46 points 2 months ago (2 children)

Aren't prices supposed to trend downward as technology ages?

[–] Spiralvortexisalie@lemmy.world 21 points 2 months ago (1 children)

While thats true the Yen’s purchasing power has sank(alot), related 5 Year USD to Yen chart, showing an almost halving

[–] NOT_RICK@lemmy.world 9 points 2 months ago

Yeah, Japan has some pretty crazy monetary policy

[–] ReallyActuallyFrankenstein@lemmynsfw.com 13 points 2 months ago

Ah, I remember that timeline. The one where things got, what do you call it...better?

[–] sunzu2@thebrainbin.org 12 points 2 months ago (1 children)

Currency crisis be like that

But did they increase their slaves' wages ?

[–] aeronmelon@lemmy.world 13 points 2 months ago (1 children)

The minimum wage in Japan is still usually only ¥1,000 (just over $8).

So, I would say, No.

[–] sunzu2@thebrainbin.org 3 points 2 months ago (1 children)

Higher than US lol

Although I doubt anyone is getting 7.25 per hour since at that point, it is pretty much not working but just providing free labour for the benefit of the better people

[–] aeronmelon@lemmy.world 6 points 2 months ago

It’s pretty much the same in Japan. The National Minimum Wage is actually lower (despite being raised just last year), but almost every company offers higher starting wages. It varies wildly between where in Japan and which job you’re working.

The lowest I’ve seen in recent years is ¥1,000 to ¥1,200 for “bottom rung” jobs, like fast food or convenience stores. And I’ve seen them go as high as ¥1,800 depending on which shift you’re willing to work.