Live data from Hacker News

Quote Meritocracy Unquote

braythwayt.com

31–40 of 127 posts

Re: Quote Meritocracy Unquote

#31
First of all, I absolutely agree with the general sentiment of this article. And I don't mean to nitpick, but I just want to point out something about this bit:

But we don’t ask why they know their stuff. How did they get into a good university?

Depending on exactly how you define "good university", I contend that the importance of this may be overstated. For the sake of argument, let's go with the idea that to many people "a good university" means "Ivy League". IF you take that premise, it makes sense to look at where a number of high-level leaders, like, say, the CEOs of the S&P 500 companies, went to college. Luckily, that's been analyzed:

http://content.spencerstuart.com/sswebsite/pdf/lib/2005_CEO_...

Now, as you might expect, a number of Ivy League schools are very well represented. But, equally important is this:

The University of Wisconsin is tied with Harvard for the largest percentage of S&P 500 CEOs, at 3%. This is above Princeton, Stanford and Yale. And the University of Texas is right in there at 2% as well. Now this is not to say that UW or UT are "bad" schools, but are they what most people are talking about when they talk about the whole elite / non-elite dichotomy?

Another tidbit: If you look at only the CEOs of the top 100 out of the S&P 500, four schools are tied for "most well represented". Those four are Harvard, Stanford, Yale, and, wait for it... The University of North Carolina, all with 3% each.

For what it's worth, it appears that it can at least be said that going to a reasonably well regarded State school is borderline just as helpful as going to an Ivy League school, if you plan to be the CEO of an S&P 500 firm.

Of course, this all totally overlooking the fact that "CEOs of S&P 500 firms" is a ridiculously small and overly restrictive set to represent "being successful and a respected business leader" in any sense. If you're the guy who owns 6 McDonalds locations in your local small town area, or runs the most successful car dealership in a given area, you're pretty damn successful and - at least in a local sense - well regarded. And I expect you'll find plenty of those folks who went to schools most of us have never heard of, or didn't go to school at all.

Anyway, just something to throw out there. I certainly wouldn't mean to discourage anyone from going to Stanford, Yale, Harvard or Princeton if they want to and have the opportunity. But the poor sap left to attend UNC, UT, UVA, UW, UM, etc., certainly should not feel like they've been consigned to the dustbin just because they did not go to an Ivy.

Re: Quote Meritocracy Unquote

#32
Isn't the universe by default a meritocracy? Millions of years of evolution proves this... And society can either have policies that work against this default meritocracy or with it to speed it up.

Re: Quote Meritocracy Unquote

#34

First of all, I absolutely agree with the general sentiment of this article. And I don't mean to nitpick, but I just want to point out something about this bit: But we don’t ask why they know their stuff. How did they get into a good university? Depending on exactly how you define "good university", I contend that the importance of this may be overstated. For the sake of argument, let's go with the idea that to many…

POI: UWisc has 4x the population of Harvard, so it isn't really on par on an odds ratio. I expect similar class size differences for the other state vs Ivy schools.

Re: Quote Meritocracy Unquote

#35
post #24
post #23

The word "meritocracy" comes from a satire, The Rise of the Meritocracy . It would be as if people were using the word "doublethink" like it was a great idea. The author's point is that social class is now guarded through education, and the most successful people give their children the best education. There is no longer the opportunity to work your way up from the mail room to the CEO chair. All the positions above…

> All the positions above a certain grade need a college degree, and often an advanced degree. And often an advanced degree from a particular set of schools followed by work experience from a particular set of institutions. With the rise of a "professional manager" class, many (most?) companies prefer to recruit their executives not from within, but from places like McKinsey, etc. Now don't get me wrong--these are sm…

And often an advanced degree from a particular set of schools followed by work experience from a particular set of institutions. With the rise of a "professional manager" class, many (most?) companies prefer to recruit their executives not from within, but from places like McKinsey, etc.

When I hear this, I can't help but wonder if the poster is taking an overly narrow view of the "world of companies out there that one could work for". I mean, yeah, if your view of the world is just the big, famous, hugely important companies that everyone has heard of, then maybe that's true. maybe. But... if you consider that outside of the Fortune 500 there are thousands, tens of thousands, hell, maybe millions, of other, smaller companies, I'm not convinced that the statement above holds water.

OK, I mean, I'll admit I could be wrong, and I haven't done a scientific study on this or anything. But I strongly suspect that if you went out and, say, studied all the textile manufacturers with 200-1000 employees, in NC, VA, GA and SC, you'd find a LOT of CEOs, VPs, managers, etc., that did not work for McKinsey, did not go to Harvard, and generally don't fit this picture that is being painted. You also largely won't read about these companies in the WSJ, see them advertise on TV, or really even know about them unless you go looking. But they're out there, doing business and making money, and they're just as real as the "big boys".

Re: Quote Meritocracy Unquote

#36
post #24
post #23

The word "meritocracy" comes from a satire, The Rise of the Meritocracy . It would be as if people were using the word "doublethink" like it was a great idea. The author's point is that social class is now guarded through education, and the most successful people give their children the best education. There is no longer the opportunity to work your way up from the mail room to the CEO chair. All the positions above…

> All the positions above a certain grade need a college degree, and often an advanced degree. And often an advanced degree from a particular set of schools followed by work experience from a particular set of institutions. With the rise of a "professional manager" class, many (most?) companies prefer to recruit their executives not from within, but from places like McKinsey, etc. Now don't get me wrong--these are sm…

Hedge fund managers are heavily overlapping with the upper middle class.

Re: Quote Meritocracy Unquote

#37
post #20

This is a strawman argument. Forget about Donald Trump as some model of success. Despite his head start he almost went bankrupt - twice. He is much less respected as a real estate developer in the world of real estate than you think. His success has been in PR and celebrity. There are thousands real estate investors who actually are good at it and started with nothing (e.g. Sam Zell). Don't like "meritocracy" then ho…

Who said that I didn't like Meritocracy? I said that when we use the word, we should all be on the same page as to what it actually means.

If this was just a post on language I think I totally agree - it is a tricky word to define. And I hope you saw the comment above on the ironic origin of the word.

However I got the impression from several things in your post that you don't like the commonly held ideal of choosing leaders based on merit (i.e. meritocracy):

(1) Donald Trump is somehow an example of it at work (see my comments about him above).

(2) It discriminates against those from disadvantaged backgrounds who likely will accumulate less "merit". BTW - I agree this is a problem with both "meritocracy" and the world generally and should be adressed in various ways.

(3) It somehow implies to "some people" that "none of the people in positions of authority are bozos".

(4) Meritocracy does not "minimizing false negatives".

You seem to be against the ideal not just that particular definition. The only positive thing you say is that it is better than "picking leaders at random or having some dictator appoint his drinking buddies".

Do you like the idea of making choices based on merit? You seem to be both criticizing it as a goal and saying that it is not practical.

I get the sense you would prefer making decisions based on some sense of "justice" rather than "merit".

BTW - Love your many great posts on development. Thanks you very much. I feel awkward debating a hero.

Re: Quote Meritocracy Unquote

#38
post #27
post #23

The word "meritocracy" comes from a satire, The Rise of the Meritocracy . It would be as if people were using the word "doublethink" like it was a great idea. The author's point is that social class is now guarded through education, and the most successful people give their children the best education. There is no longer the opportunity to work your way up from the mail room to the CEO chair. All the positions above…

That really is one of the great ironies of the English language. And this is not well known - I didn't know this until a few years ago (maybe on HN?). I guess the reality is that "meritocracy" is a goal that in practice is hard to achieve. But does that make it the wrong goal? What are better alternatives? How can we fix it? I think it is very, very hard to actually improve on this but I would love to hear suggestion…

How about democracy?

Meritocracy doesn't mean merit gets paid (that's free markets or whatever), it means merit rules.

Re: Quote Meritocracy Unquote

#39
post #34

First of all, I absolutely agree with the general sentiment of this article. And I don't mean to nitpick, but I just want to point out something about this bit: But we don’t ask why they know their stuff. How did they get into a good university? Depending on exactly how you define "good university", I contend that the importance of this may be overstated. For the sake of argument, let's go with the idea that to many…

POI: UWisc has 4x the population of Harvard, so it isn't really on par on an odds ratio. I expect similar class size differences for the other state vs Ivy schools.

Right, but if you believe the narrative that some people seem to be promoting (not raganwald, mind you, I'm generalizing a bit here), they'd have you believe that going to a State school is like a career death sentence or something... the narrative seems to be "Ivy League or you might as well commit suicide, unless you're the rare lucky chump like Zuckerberg or Gates".

I'm just pointing out that things aren't quite so skewed. You can go to school at a reasonably reputable State school and still have a pretty good career... Ivy League not required.

Re: Quote Meritocracy Unquote

#40

Isn't the universe by default a meritocracy? Millions of years of evolution proves this... And society can either have policies that work against this default meritocracy or with it to speed it up.

Define "merit" and whether such a thing is desirable to me.

I don't have much love for a cockroach's merit.

Post reply on HN