Hi Flash,
You know what it is, really. People make conscious decisions about their real life for the benefit of their own psyche. Money is not the greatest consideration for all people.
That's a really profound statement. I am sure that the ones who are all obsessed with money can't grasp it. They think money makes the world go around and everything else takes a back seat.
But it's just not that way for more people, I don' think. Different people have different priorities. Money is not the number one concern for most people. I think most people are more concerned with the other people in their lives and their social interactions than they are with collecting wealth. They want to 'fit in' to their circle of people. They want to be a part of society. Have their place in the order of things, you know?
I know a lot of people who knew very well they could have made a life of study and office work but made a conscious decision to work with their hands, because that's what they like to do. They can't see themselves glued to a chair all day or stuck inside at anything.
And that is very much OK. Our society needs all kinds of people to make everything happen. Diversity makes us great. We should place more value on the various functions required to make our world function. It's almost like if an individual chooses to do a certain job that might seem more desirable to them and not be stuck inside, that they are punished for making that choice by not being paid well.
Maybe part of the disdain shown by those who perform more lucrative functions in society toward those who are not paid as well, is secret envy of a simpler life.
It might be very therapeutic for those of greater means to, at some point during their working career, take a menial job for a while. Live that life, know those people, understand their concerns. Not for the money. For the experience and the insight. Some actually do just that, but most never even consider it. I am one who did that. Maybe that's part of why I am more considerate of all concerns than most here appear to be.
I know another person who is doing that right now. A very considerate person as well. Life is as complicated as you make it.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
this is what refusing to raise the minimum wages has given us
If had been always incrementally increased with the economy like was the original plan things woud not have gotten to this place
The republican party fights upping the minimum wage like it was flying monkeys after their asses
The republican party hates education, decent wages, science, math and history
they hate everything that could make the world great
Cinnabar (12-08-2019)
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity)[1][2] states that, for many events, roughly 80% of the effects come from 20% of the causes.[3] Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896, as published in his first work, Cours d'économie politique. In it, Pareto showed that approximately 80% of the land in Italy was owned by 20% of the population.
It is an axiom of business management that "80% of sales come from 20% of clients".[4]
Mathematically, the 80/20 rule is roughly followed by a power law distribution (also known as a Pareto distribution) for a particular set of parameters, and many natural phenomena have been shown empirically to exhibit such a distribution.[5]
The Pareto principle is only tangentially related to Pareto efficiency. Pareto developed both concepts in the context of the distribution of income and wealth among the population.
The original observation was in connection with population and wealth. Pareto noticed that approximately 80% of Italy's land was owned by 20% of the population.[6] He then carried out surveys on a variety of other countries and found to his surprise that a similar distribution applied.
A chart that gave the inequality a very visible and comprehensible form, the so-called "champagne glass" effect,[7] was contained in the 1992 United Nations Development Program Report, which showed that distribution of global income is very uneven, with the richest 20% of the world's population controlling 82.7% of the world's income.[8] Still, the Gini index of the world shows that nations have starkly varying wealth distributions.
Distribution of world GDP, 1989[9]
Quintile of population
Income
Richest 20%
82.70%
Second 20%
11.75%
Third 20%
2.30%
Fourth 20%
1.85%
Poorest 20%
1.40%
The Pareto principle also could be seen as applying to taxation. In the US, the top 20% of earners have paid roughly 80-90% of Federal income taxes in 2000 and 2006,[10] and again in 2018.[11]
However, it is important to note that while there have been associations of such with meritocracy, the principle should not be confused with farther reaching implications. As Alessandro Pluchino at the University of Catania in Italy points out, other attributes do not necessarily correlate. Using talent as an example, he and other researchers state, “The maximum success never coincides with the maximum talent, and vice-versa.”, and that such factors are the result of chance.[12]
Vilfredo Federico Damaso (UK: /pæˈreɪtoʊ, -ˈriːt-/ pa-RAY-toh, -EE-,[3] US: /pəˈreɪtoʊ/ pə-RAY-toh,[4] Italian: [vilˈfreːdo paˈreːto], Ligurian: [paˈɾeːtu]; born Wilfried Fritz Pareto; 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on observations of his such as that 80% of the land in Italy was owned by about 20% of the population. He also contributed to the fields of sociology and mathematics, according to the mathematician Benoit Mandelbrot and Richard L. Hudson:
His legacy as an economist was profound. Partly because of him, the field evolved from a branch of moral philosophy as practised by Adam Smith into a data intensive field of scientific research and mathematical equations. His books look more like modern economics than most other texts of that day: tables of statistics from across the world and ages, rows of integral signs and equations, intricate charts and graphs.[5]
The future leader of Italian fascism Benito Mussolini, in 1904, when he was a young student, attended some of Pareto's lectures at the University of Lausanne. It has been argued that Mussolini's move away from socialism towards a form of "elitism" may be attributed to Pareto's ideas.[23]
To quote Franz Borkenau, a biographer:
In the first years of his rule Mussolini literally executed the policy prescribed by Pareto, destroying political liberalism, but at the same time largely replacing state management of private enterprise, diminishing taxes on property, favoring industrial development, imposing a religious education in dogmas.[24]:18
Parento was brilliant
he discovered some very amazing patterns of mankinds economic trends
basically it all surrounded his study which showed mankind develops a pattern of 20/80
80% of results are caused by 20% of input
the reason 20% of people own 20% of the land in most cases throughout history is that it is a balance on a knifes edge
once you try to push that number to 81% of the land or more the people become to needy ad REVOLT
he fascists saw this as a "natural" balance and that the few SHOULD run everything
It is not the natural balance
its that the elite in the past have KNOWN where to stop to KEEP their power instinctively
DEMOCRACY unends that power
regulations, taxes and policing regulations shaves DOWN the power of these elites
IT CREATES A REAL BALENCE
IMPOSED BY THE MAJORITY
evince (12-08-2019)
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