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by desu_ 2985 days ago
This has been posted here before but it seems relevant (about explaining the lower Japanese salaries vs US, https://www.kalzumeus.com/2014/11/07/doing-business-in-japan...): “Most people want to become wealthy so they can consume social status. Japanese employers believe this is inefficient, and simply award social status directly.” The best employees aren’t compensated with large option grants or eye popping bonuses — they’re simply anointed as “princes”, given their pick of projects to work on, receive plum assignments, and get their status acknowledged (in ways great and small) by the other employees.

Regarding the causality, I disagree with you andrewflnr. For instance, jewelry is older than money and there are even statuses in nonhuman circles. I admit that it's debatable, but I think the value of money comes from the power it gives (you buy other people's time and stuff) but status can do the same and has a more permanent feel (it doesn't deplete linearly, unlike money spent). That's why in some communities, the local priest / doctor teacher is still considered more important than wealthier merchants / land owners. That's why Trump is more powerful than many wealthier billionaires.