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I think the correlation between good work and payoff genuinely has dropped off. This kind of makes sense. As systems get more complex/complicated, it becomes ea
by yunwal 1y ago
I think the correlation between good work and payoff genuinely has dropped off. This kind of makes sense. As systems get more complex/complicated, it becomes easier to hide corruption, and harder to identify positive contributions with respect to the system. This goes for society as a whole as well as companies, organizations, communities, etc.
As corruption becomes more and more profitable, culture also switches to become more tolerant of it, or even to expect it.
- anovikov 1y agoIsn't it also the effort of entire society to compress the pay scale with exactly that effect? And societies that are furthest on that path (Nordic ones) are used as example to follow (and indeed appear quite comfortable and nice).
- stetrain 1y agoEven without corruption, "hard work" doesn't correlate to success. I do good work with a specialized skillset, but I don't work particularly hard. People who replace roofs on houses work very very hard and make much less money than I do, and those income levels aren't likely to change too much throughout our lives. Income is generally much more correlated to the market value of your skills and experience than with effort, and gaining those skills and experiences has a lot to do with your background and ability to do things like attend college, work on relevant side projects / hobbies, take low pay / unpaid internships, etc. Ability to invest capital into things like business ownership, investment, real estate, etc. is another factor. As cost of living increases relative to wages, that leaves less room for savings to pull yourself up from being a wage worker to an owner or investor.