US Steel, once the largest corporation, agrees to sell to Nippon Steel

Re:US Steel, once the largest corporation, agrees to sell to... by lokar on Monday December 18, 2023 @12:36PM (#38685582)

Honest question: are Japanese industrial workers (steel, auto, etc) significantly worse off (pay, conditions, security, etc) vs Americans? I sort of assume that at this point they are an advanced economy and there would be roughly parity.

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Re:US Steel, once the largest corporation, agrees to sell to... by ska on Monday December 18, 2023 @01:29PM (#38686248)

> roughly parity.

There is quite a bit of variability in these things among say G7 or G20 countries. Americans on the whole typically have higher net, higher volatility, lower security, for example. It gets complicated when you try and do "whole picture" comparisons (e.g. how to factor in state pensions/health care/etc.) but the dominance of the US economy worldwide and $ function as a reserve pays a very real divided to nearly everyone.

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Re:US Steel, once the largest corporation, agrees to sell to... by jessriedel on Monday December 18, 2023 @01:07PM (#38686037)

Wages are lower in Japan, so I'm pretty sure the Japanese workers are paid less. Working conditions and job security are probably the same or better.

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Re:US Steel, once the largest corporation, agrees to sell to... by zbyte64 on Monday December 18, 2023 @01:23PM (#38686167)

Job security is way better, work conditions are debateable because of a "work till you die" work culture.

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Re:US Steel, once the largest corporation, agrees to sell to... by lokar on Monday December 18, 2023 @01:30PM (#38686252)

Meaning no retirement?

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