4 ms·
This is a good insight. But what you're pointing out is not just a 'UK thing' - it's a 'rest of the world thing'. The US just has an incredible number of peop
by jariel 6y ago
This is a good insight.
But what you're pointing out is not just a 'UK thing' - it's a 'rest of the world thing'.
The US just has an incredible number of people, it seems, who like working. I think it's a combination of love of the craft, egoism/wanting to make a name (never enough, will 'strike it truly rich soon!'), an ingrained habit of work, a commitment to the cause (innovation as a vocation), low cost of living (dollars go far in the US, this might be an inequality problem, you can buy a huge home on the coast), critical masses (the US has large enough centres of excellence, there's a fraternity to it all, and variety), further career stages (semi-retire as investor - there's a lot to invest it), possibility for global impact (American innovations can go far and wide), and sometimes a sense of frugality - think Warren Buffet. Think of how many Bugattis there would be in the Valley, but you just don't see them in lieu of Teslas or Priuses back in the day. Different culture.
The UK probably does have far more intergenerational transfer than most places though.