3 ms·
> Do you complain that a skilled chemical engineer gave up his career and turned to moving little green pieces of paper around to make his fortune, because soci
by JackFr 7y ago
> Do you complain that a skilled chemical engineer gave up his career and turned to moving little green pieces of paper around to make his fortune, because society rewards certain types of paper pushing orders of magnitude more than it rewards inventiveness, skill, and hard work?
The 'moving little green pieces of paper around' is called allocating capital, and it's as important a driver of productivity in the economy as chemical engineering. He was highly rewarded because he used capital effectively.
- mikeash 7y agoIf it’s “as important” then why does it carry orders of magnitude more rewards?