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I believe that the sampling to enter the highest strata of top earners is also partly lottery. You get to a well paid engineering role by acing studies. But to
by fsloth 4y ago
I believe that the sampling to enter the highest strata of top earners is also partly lottery. You get to a well paid engineering role by acing studies. But to transit from low-generational wealth to non-low generational wealth status requires you either to marry, found a company or be at the right position of an up and coming company. All of those are partly lottery - yes, you likely need to be of some talent to enter the lottery in the first place - but above that bar, which is tens of percents of society, chance has a quite a large effect on outcomes.
- WalterBright 4y ago> But to transit from low-generational wealth to non-low generational wealth status requires you either to marry, found a company or be at the right position of an up and coming company. Steve Jobs founded the biggest company in the world financed by selling his Volkswagon. Bezos started in a garage. Dell started in a dorm room. The last time I founded a company, it cost me $30.
- fsloth 4y agoMy intent was not to imply that founding a company is hard or expensive (just that creating a company that results in generational wealth is an unlikely proposition, if we take as the potential founder pool "those that statistically are likely to reach the swedish 60k limit"). It seems the above reads like something else - thanks for the clarification.