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Originally Posted by WhipperSnapper
The ratio between senior executive and employee wages has gone from about 4:1 to 400:1 in 40 years.
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This would make perfect sense if you appreciate that communication technology and computing make people way more powerful than ever before.
Quote:
Originally Posted by WhipperSnapper
It's pedigree and/or who you know to join the elite group than your IQ, experience, etc.
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This doesn't explain why silicon valley/the world has been taken over by people with incredibly limited social skills.
You can go through the list of tech billionaires almost all have near genius level iqs, and are known for being sociall awkward or simply less affective than the average person.
Obviously if you are talking about boomer industries like Oil this is the case but I don't think it will be in the near future.
Quote:
Originally Posted by WhipperSnapper
The alternative is to rapidly build up a company's valuation through a shady growth strategy and cash in an IPO.
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Or you have better ideas and innovations and absolutely slaughter the competition with good old bloody thirsty capaitlism.
Jeff Bezo's by all accounts is a brilliant human being and his 1990s social skills aren't fit for an Iphone store.
Quote:
Originally Posted by WhipperSnapper
That's how most tech billionaires are made. Unfortunately, I have too much of a conscience to be able to sleep at night knowing my immense wealth has come out of the pockets of hundreds of average employees/investors speculating the market.
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You can say this about anything.
If your idea is successful you win big. If you have an IQ of 160 work 80 hour weeks and you aren't successful you've failed on a level that 99.99 percent of the population aren't even to compete at.
The fact that a near genius can fail is exactly the kind of evidence that tells you how cut throat this is.