The Horror of Economic Recession Represented by The Boys' "No Money"
https://lyrics.soulminingrig.com/2023/04/21/the-boys-no-money-%e7%bf%bb%e8%a8%b3/
The translation can be seen from the link above.
Were The Boys members excessive spenders? It seems that's not the case.
This is an image I also used in my previous analysis of The Specials' Rat Race, showing that the inflation rate around 1977 was 15-20%.
Furthermore, a high inflation rate is coupled with unemployment, suggesting an incredible economic recession.
It seems it was a truly terrifying time, with high prices and no jobs, in real-time.
Even now, I feel terrified about when this long-running tech bubble will burst.
Unemployment rate (complete unemployment rate) = (completely unemployed ÷ labor force population) × 100
Therefore, it was a hellish situation where 10% of the working population was unemployed every year for five years.
At that time, Japan was in a bubble, and I believe the yen settling at 1 dollar = 120 yen after detaching from the gold standard was thanks to an incredible economic growth rate.
Speaking of future Japanese companies, I'm excited about Toshiba Memory, now Kioxia, and other semiconductor memory companies, though it's sad that everyone is abandoning cost-effective SSD MLCs and manufacturing low-durability QLCs.
Nintendo is moving towards digitalizing its business with "Nintendo Systems," and Square Enix is starting game development that deals with NFTs, so looking at my favorite fields, it feels bright.
Just like the invention of P2P and the beloved ThinkPad Yamato Laboratory, I believe Japan is filled with technological brilliance.
Anyway, that doesn't matter; the video below is more important. You absolutely must watch it.