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> The more money you handle on your job the likelier you are to be incompetent. And your source for this data is…?

runarberg 3y ago
Sorry, no, I’m just stating an opinion. And even if I had a source, the definition of incompetence varies so widely, that surely this statement would hold no additional weight.
- overboard2 3y ago
  Why do you believe it?
  - runarberg 3y ago
    Because of my misbelieve in capitalism and the belief in the corruption of governments. Or as the saying goes: “All power corrupts” and all that. On top of that, I am no believer in meritocracy (that is I don’t believe people advance in position based on merit). Now lets do some thought statistics. I—as a bayesean—assign the uniform distribution as a prior to competence, that is I assume that competence is equally distributed across occupations and positions independent of responsibility. Now, lets allow some movement between positions and assume correlation between responsibility and salaries (that is people being payed more are responsible for a greater proportion of the system). Now assume there is not a 100% correlation between competence and being moved into a greater position with a greater salary (that is we assume some level of corruption; people moved into greater position because of favors, family ties, wealth, gender, etc. Even misattributed skills of those promoted [i.e. incompetence of those responsible promoting and hiring; i.e. suspect positive feedback of incompetence]). Finally we acknowledge the fact that being moved into a position with more responsibility and you don’t gain skills as you are moved, your competence will decrease (that is competence is a function of responsibility and skill). It should be easy to see that your posterior distribution of competence to salaries and the posterior distribution of competence to responsibility should both be skewed towards the right. That is you as you increase responsibility and salaries, you will find relatively fewer people competent at their jobs.
    - 20after4 3y ago
      So basically https://en.wikipedia.org/wiki/Peter_principle https://en.wikipedia.org/wiki/Peter_principle
op00to 3y ago
They handle the most money on their job out of anyone ever.
ambicapter 3y ago
He handles _lots_ of money at his job.
boeingUH60 3y ago
They are the CEO, handling more money than us plebs.

Sorry, no, I’m just stating an opinion. And even if I had a source, the definition of incompetence varies so widely, that surely this statement would hold no additional weight.

overboard2 3y ago
Why do you believe it?
- runarberg 3y ago
  Because of my misbelieve in capitalism and the belief in the corruption of governments. Or as the saying goes: “All power corrupts” and all that. On top of that, I am no believer in meritocracy (that is I don’t believe people advance in position based on merit). Now lets do some thought statistics. I—as a bayesean—assign the uniform distribution as a prior to competence, that is I assume that competence is equally distributed across occupations and positions independent of responsibility. Now, lets allow some movement between positions and assume correlation between responsibility and salaries (that is people being payed more are responsible for a greater proportion of the system). Now assume there is not a 100% correlation between competence and being moved into a greater position with a greater salary (that is we assume some level of corruption; people moved into greater position because of favors, family ties, wealth, gender, etc. Even misattributed skills of those promoted [i.e. incompetence of those responsible promoting and hiring; i.e. suspect positive feedback of incompetence]). Finally we acknowledge the fact that being moved into a position with more responsibility and you don’t gain skills as you are moved, your competence will decrease (that is competence is a function of responsibility and skill). It should be easy to see that your posterior distribution of competence to salaries and the posterior distribution of competence to responsibility should both be skewed towards the right. That is you as you increase responsibility and salaries, you will find relatively fewer people competent at their jobs.
  - 20after4 3y ago
    So basically https://en.wikipedia.org/wiki/Peter_principle https://en.wikipedia.org/wiki/Peter_principle

op00to 3y ago

They handle the most money on their job out of anyone ever.

ambicapter 3y ago

He handles _lots_ of money at his job.

boeingUH60 3y ago

They are the CEO, handling more money than us plebs.