The plateauing of cognitive ability among top earners

Post by pompouNsIGGER » Sat, Feb 04, 2023, 6:51 PM UTC

13of40 wrote: post #26

metacritic12 wrote: post #4

It's not a surprise that cognitive ability (the paper seems to define it as relatively close to classical IQ) is not highly correlated with earning ability or even value production for society. I would argue that a much better correlant of both production value and capture value is conscientiousness, or vaguely synonymously, hardworking, diligent, etc. A brilliant world observer who tweets their witty one-liners all…

There's a lot of truth in this. Some of the most classically brilliant people I went to school with ended up being homeless drug addicts or shut-ins. Meanwhile, the unassuming Ukrainian guy who built my deck is a secret multi-millionaire from his house flipping business. You can walk around the neighborhood and pick out the houses he's remodeled and modernized because they look so much better than the ones on either…

Post by AussieWog93 » Sat, Feb 04, 2023, 6:55 PM UTC

ss2003 wrote: post #102

onos wrote: post #94

Earlier quoted context omitted.

So you’re saying the poor have much more to gain through hard work and shouldn’t be discouraged?

You have it completely reversed. Hard work for the poor most likely means they will still be poor and therefore have very little to gain from it.

Post by AussieWog93 » Sat, Feb 04, 2023, 6:58 PM UTC

wholinator2 wrote: post #132

friedman23 wrote: post #113

Earlier quoted context omitted.

No, if it was actually like monopoly there is 0 chance of succeeding once people have established themselves. You have a finite number of bets you can make in your life, if you waste them by partying, gambling and being high on drugs then yeah, I can see how it can feel like it's impossible to succeed. And life is a lot easier than these board games, there isn't one winner in life.

I think it's interesting that partying and drug use make 2 out of 3 slots in your list of useless bets that are sure to make you fail. Aren't there whole classes of extremely wealthy people who are known for drugs use and constant partying? The real central point here is wasting time. If your partying and drug use is using money for no return, your time is not paying off and you're heading down. But parties and drugs…

Post by metacritic12 » Sat, Feb 04, 2023, 7:01 PM UTC

ethanbond wrote: post #154

metacritic12 wrote: post #4

It's not a surprise that cognitive ability (the paper seems to define it as relatively close to classical IQ) is not highly correlated with earning ability or even value production for society. I would argue that a much better correlant of both production value and capture value is conscientiousness, or vaguely synonymously, hardworking, diligent, etc. A brilliant world observer who tweets their witty one-liners all…

> It's not a surprise that cognitive ability (the paper seems to define it as relatively close to classical IQ) is not highly correlated with earning ability or even value production for society. Did you look at the same chart I did? It um, goes very obviously up and to the right. There's a ridiculously strong correlation, just not a linear one.

Post by dang » Sat, Feb 04, 2023, 7:10 PM UTC

mtlmtlmtlmtl wrote: post #17

mizzao wrote: post #5

The idea that salary is a measure of self-worth is an unfortunate lie that our modern society perpetuates.

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