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- Hacker News
- Japan's economy has collapsed. The value of wages in relation to the rest of the world is dropping like a stone. So many who used to be able to take a yearly overseas trip potentially won't be able to for the next decade or two unless things change.by ktallett
- To be colonialized by ones elderly..by 21asdffdsa12
- It's not. At most, the currency is falling too much and that's why wages are not buying the same amount as before, on the outsideby blahblaher
- > An economic collapse means a massive, severe breakdown of a regional or national economy where normal trade, banking, and commerce largely stop
I think you may be using the word 'collapse' incorrectly here, as do other commenters under you - no eastern European economy is 'collapsing' in any meaningful way, maybe apart from Belarus who is quite opaque from outside and Ukraine for obvious reasons.
by kakacik - But it's an odd thing, the "economy has collapsed" but very few go hungry, most are housed, live with dignity, streets are clean and safe, bridges aren't crumbling, education is high, and so on. I don't wanna put Japan on a pedestal (I live here, the country has its problems indeed), but it's an interesting example of (at least currently) the possibility to "collapse" relative to other rich countries, but still maintain a high quality of life in general.by mc3301
- This is what happens when you sacrifice a generation of people to make a "soft" landing for the rest.by paleotrope
- Can you explain?by hellisothers
- by pengaru