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The answer probably lies in the wealth distribution in Japan. In the US 50% of the nation owns 2-3% of the nation wealth. For Japan I haven't been able to find
by akomtu 2y ago
The answer probably lies in the wealth distribution in Japan. In the US 50% of the nation owns 2-3% of the nation wealth. For Japan I haven't been able to find this number, but I bet it's closer to 0.5% and that's why common folk there are permanently stressed and cannot afford kids.
There's an interesting analogy between lifecycle of nations and stars. When there's few people, they are dispersed over the land - that's the gas cloud stage of a star. As the number of people grows, the gravity pulls them together, they are forced to interact more and form a society with rules. Further growth of density starts amplifying certain animalistic traits, and a government is created to prevent the descent into anarchy. The gov essentially cools down the society, slows it down, and prevents certain runaway reactions. But the mass of the nation keeps increasing and its star slowly turns into a white dwarf: a super dense and rigid structure where not much is happening.
- RGamma 2y ago> The [white dwarf]'s low temperature means it will no longer emit significant heat or light, and it will become a cold black dwarf. Because the length of time it takes for a white dwarf to reach this state is calculated to be longer than the current age of the known universe (approximately 13.8 billion years), it is thought that no black dwarfs yet exist. Might get lucky there, unless > A carbon–oxygen white dwarf that approaches this mass limit, typically by mass transfer from a companion star, may explode as a type Ia supernova via a process known as carbon detonation
- kalleboo 2y agoThe US a pretty big outliner in inequality, it's much worse than any other developed country. https://g.oxan.com/analysis/GI267313/2022-02-14-JAPAN-capitalism-Wealth_1000.png https://g.oxan.com/analysis/GI267313/2022-02-14-JAPAN-capita... The bottom 50% are at 5.8% wealth share in Japan (same as in, e.g., Sweden) https://wir2022.wid.world/category/glossary/#tab_672cf68aa3df6 https://wir2022.wid.world/category/glossary/#tab_672cf68aa3d...
- naveen99 2y agoWealth is savings. If you don’t save, you don’t have any wealth. But by income, the bottom 50% are responsible for 20% of the productivity / income. They are probably more than 20% of consumption, given the others save more than they consume out of their income.
- naveen99 2y agoSo distribution of consumption from bottom 50% is closer to 33%. https://www.bls.gov/cex/pce-ce-distributions.htm https://www.bls.gov/cex/pce-ce-distributions.htm