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Sunny days are warm: why LinkedIn rewards mediocrity

elliotcsmith.com

241–250 of 405 posts

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#242

Earlier quoted context omitted.

Unless there was a better alternative that you drowned out, in which case it was value destruction.

That’s like saying your product is good unless it is bad and there are other alternatives

Almost, but that's the gist. Letting people know about your product creates value if and only if the product itself brings them positive net utility for buying it and there were no other even better products that you distracted them from. Convincing someone to buy your product doesn't show that it's actually good (surely you have regretted a purchase before).

Additionally, essentially no marketing is a dry list of facts informing people of products to help them make rational choices. A great deal of marketing contains no explicit facts at all. A large amount of effort is spent getting people to buy things they don't even need (or worse: harms them) and/or throw out perfectly usable items they already have or otherwise participate in conspicuous consumption, which is frankly quite grim against the backdrop of climate change being a (the?) top problem being shouldered onto our successors.

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#245

Earlier quoted context omitted.

Unless there was a better alternative that you drowned out, in which case it was value destruction.

That’s like saying your product is good unless it is bad and there are other alternatives

What? No, it's obviously not the same statement.

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#246
Unlikely as it sounds, being normal is a strategy that works on LinkedIn.

The quality bar is very low. People post so much fluff and AI thought leadership that the algorithm has recently started rejecting it, and LinkedIn essentially ran out of content.

For the past couple of months it's been showing people posts from two or three weeks ago due to the lack of suitable material.

What I've found is that it's surprisingly easy to stand out and build an audience if you just post honestly and thoughtfully about the interesting little puzzles or dilemmas you face during your workday.

Some posts of mine that have hit it off:

> Why is it hard to find clothes for men? > Why do people think it's weird when I drink milk on Zoom? > Should I post on X, or do people still frown on it?

Try posting about what you don't know, rather than what you do. People like that more.

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#247
post #213

Putting aside all logical arguments for and against Linkedin and other social media, when I do force myself to log in to my account, I find myself peering into the abyss of thousands upon thousands of people trying to game the system and "advance their careers", which they presumably do well. To me, it is the essence of the rat race that I try my best to ignore in my daily life while I try to balance time between my…

> I find myself peering into the abyss of thousands upon thousands of people trying to game the system and "advance their careers", which they presumably do well.

I find LinkedIn is a career honeypot at best, and a dead-end at worst. I put as little time as possible into it; I stay on it "just enough" that recruiters can contact me, but otherwise I don't waste my time with it.

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#248

Semi-related — why don’t we create a service in which people make employment “claims” and other people (their managers/customers) sign these claims with their own keys, so these claims can be cryptographically verified by a third party in a distributed fashion? This way, Linkedins basic premise of being a centralized “CV as a service” would become obsolete, leaving just the social network, which I personally would gl…

This is indeed in development although I’m not sure LinkedIn is involved yet. Look up:

Learning and Employment Records (LERs)

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#249

Earlier quoted context omitted.

The whole point of advertising is making the "free market agents" less rational. The most popular product is rarely the best.

No its about product discovery. It is in fact essential to a rational market. Imagine you create a really good product. You actually believe in it and you think people would want to buy it. Please tell me how you will practically get it noticed? I would like actual practical advice.

This is actually a pretty solid example of a flaw in free market economics. Marketing can increase and decrease knowledge and there's not a strong market force pushing things the right direction.

Re: Sunny days are warm: why LinkedIn rewards mediocrity

#250
post #118
post #94

Earlier quoted context omitted.

I think like that too, or at least used to. I got pretty far by just doing good work - or so I thought. Growing up in a rich country and getting a bit lucky to be found and promoted by the right people probably mattered as much, if not more, than my talents or skills. There's probably thousands of people better at anything I can do but less well off. I think the only reason I'm better off than them is that I had more…

The way I look at this is that the Adam Smith-ian free market makes the implicit assumption that market information (pricing, quality) disseminates via neutral, unbiased channels. However, the fact that influencing those channels is itself a commodity that is available on the market, paradoxically affects the operation of the market adversely. If supplier A has a product of quality Q at price P, and supplier B has a…

> The way I look at this is that the Adam Smith-ian free market makes the implicit assumption that market information (pricing, quality) disseminates via neutral, unbiased channels.

This couldn’t be more incorrect. In Smith’s day your sources of information would be interpersonal, or one of your local newspapers. Newspapers in the 18th century wore their bias on their sleeves and had very particular world views, they were anything but neutral. You might also learn about commercial interests in coffee houses where stock markets first developed. This was a place where people were trying to sell you something, like shares in a commercial shipping business.

I’m always astonished that people make these claims about Smith’s work without having read his books or any relevant history.

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