Sunday, July 08, 2007

Why do some people make more money than others?

I tried coming up with an answer to this using two orthogonal traits: talent and ambition. Note that in this article, I mean 'talent' to be 'effective talent', hence a talented but lazy person is classified as having effectively 'no talent'.

So here is the trait-scenario table I came up with to analyze various types of people:

Traits
Possible outcome
No talent, No ambition
Bum
Talent, No ambition
Overworked, underpaid
Talent, Ambition
Executive, Top specialist, Rock star
No talent, Ambition
Politician
Trait-Scenario Table No. 1: Talent and Ambition

Well, no offense to politicians, but most political systems require no other criterion for office, except ambition. Also, the table entries are in a 'P implies Q' relationship: it doesn't necessarily mean that politicians have nothing except ambition, but one can be a politician armed only with ambition and nothing else.

And bums do have tough luck. Because my notion of talent means 'effective talent', people who have have potential but have been unable to develop it are also inadvertently classified as having 'no talent'.

Furthermore, there are a lot of people with neither talent nor ambition who are well off; the above table does little to explain the world's distribution of wealth. So I decided to factor in the luck column for a somewhat better picture:

TraitsTough luck
Lucky!
No talent, No ambitionBum
ala Paris Hilton
Talent, No ambitionOverworked, underpaid
Paid enough, content
Talent, Ambition'Almost' executive, 'almost' rock star, but never there
Executive, Top specialist, Rock star
No talent, Ambitionala Al Gore
ala Bush
Trait-Scenario table No. 2: Talent, Ambition and Luck

Conventional wisdom would state that talent that fulfills our needs is rewarded. However, after looking at my trait-scenario tables, I have come under the impression that:

Talent is what the world needs, but luck and ambition are what the world rewards.

So sad.
Maybe I should come up with a less depressing model.
Or find happier thoughts about the current model.

6 comments:

Vince in Kyoto said...

I have always been a firm believer that it is smarter to be lucky than it is lucky to be smart (or talented for that matter.)

Thus, in principle, I agree with this.

Oh yes. I also believe that one can go along way through the kindness of other people.

Enkidu said...

vince in kyoto [Profile: student, professional moocher] says, "Oh yes. I also believe that one can go along way through the kindness of other people."

*grin*

Enkidu said...

I noticed an inconsistency in my discussion. The headline reads, "Why do some people make more money than others?", then towards the bottom, the text says, "Talent is what the world needs, but luck and ambition are what the world rewards."

I guess I was erroneously equating "money" with "reward." Instead, each talent has its own reward, and in the case of money, people who specialize in money will accumulate most of it. Whether this is good or bad is a different matter :)

Anyway, the whole article was meant to be something of a joke. Sorry to ruin it by pointing out the incongruity!

Vince in Kyoto said...

Heehee!

You always were the astute one. :P

Enkidu said...
This comment has been removed by the author.
Neko said...

Wow hehehe