This is a really important concept for developers. One aspect for developers that I see quite often is the assertion that "We can't have X without giving up more Y", most commonly "we can't have more security without giving up on user experience". With the Pareto idea in mind, we can see that that statement is true, if and only if you are in fact on the Pareto frontier of security and user experience already. However…
you know how japanese oni would roll human souls into soba noodles? [1]
that's what modern corporate software company management does :)
[1] i learned about this from the very funny gintama funeral episode