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Plebian logic. Pay is not related to effort, pay is related to value provided. Its not an insult, comparative effort is a way many people think at the bottom

Plebian logic. Pay is not related to effort, pay is related to value provided. Its not an insult, comparative effort is a way many people think at the bottom out of necessity to focus and escape, people at the top gaslight people into thinking this way to retain all the value.

jollybean 5y ago
It's also 'plebian' to suggest that effort and value provided are not hugely correlated. Tiger Woods started training at age two, and spent his entire childhood training hard, consistently, repetitively, nauseatingly. It takes monumental 'raw effort' to get into a good law firm and to work your way up. But the partners, even though they don't have to do a lot of the grunt work, are not slouching. They are busy to the point where it can even take over their lives: social aspect of their lives blend with business. Imagine your ski vacation becomes 'work' because it's with the clients. Etc..
- vmception 5y ago
  This is a discussion about hiring practices being under scrutiny because people are forcing an unnecessary kind of screen into them that doesn’t help a company. This process lacks inspiration. Even following a company’s “false positives are worse than false negatives so we don’t care that experienced people can’t pass” logic, leetcoding doesn’t help with that. So a third unknown process needs to be done instead. The simple reality is that there is alot to build, in this sector. People can slave away preparing themselves for a lower paying job with higher requirements, and that has nothing to do with whether this sector pays alot now or 10x more in the future. The market is saying what to do. Hiring practices are hampering the market efficiency. Full stop.
- ZephyrBlu 5y ago
  > It's also 'plebian' to suggest that effort and value provided are not hugely correlated I think it's a weak correlation at best. A single data point (Tiger Woods) doesn't constitute a correlation. People working manual labour jobs put in a lot of effort, but they create comparatively little value. I suspect that leverage and value are highly correlated. If you have more leverage, you're probably going to create more value.
  - jollybean 5y ago
    Where you fund successful people with leverage, and can generate value with limited work, you find 'hard work' supporting that. That doesn't imply that 'hard work' alone creates success, value or leverage.
    - ZephyrBlu 5y ago
      I didn't say hard work doesn't matter, I said I think it's only weakly correlated with value. Putting in effort is clearly important, but it's not the main driver of value.

jollybean 5y ago

It's also 'plebian' to suggest that effort and value provided are not hugely correlated. Tiger Woods started training at age two, and spent his entire childhood training hard, consistently, repetitively, nauseatingly. It takes monumental 'raw effort' to get into a good law firm and to work your way up. But the partners, even though they don't have to do a lot of the grunt work, are not slouching. They are busy to the point where it can even take over their lives: social aspect of their lives blend with business. Imagine your ski vacation becomes 'work' because it's with the clients. Etc..

vmception 5y ago
This is a discussion about hiring practices being under scrutiny because people are forcing an unnecessary kind of screen into them that doesn’t help a company. This process lacks inspiration. Even following a company’s “false positives are worse than false negatives so we don’t care that experienced people can’t pass” logic, leetcoding doesn’t help with that. So a third unknown process needs to be done instead. The simple reality is that there is alot to build, in this sector. People can slave away preparing themselves for a lower paying job with higher requirements, and that has nothing to do with whether this sector pays alot now or 10x more in the future. The market is saying what to do. Hiring practices are hampering the market efficiency. Full stop.
ZephyrBlu 5y ago
> It's also 'plebian' to suggest that effort and value provided are not hugely correlated I think it's a weak correlation at best. A single data point (Tiger Woods) doesn't constitute a correlation. People working manual labour jobs put in a lot of effort, but they create comparatively little value. I suspect that leverage and value are highly correlated. If you have more leverage, you're probably going to create more value.
- jollybean 5y ago
  Where you fund successful people with leverage, and can generate value with limited work, you find 'hard work' supporting that. That doesn't imply that 'hard work' alone creates success, value or leverage.
  - ZephyrBlu 5y ago
    I didn't say hard work doesn't matter, I said I think it's only weakly correlated with value. Putting in effort is clearly important, but it's not the main driver of value.