There is a shortage of intelligent, rational people in pretty much every area of human activity. I would go so far as to claim this is the limiting input for most fields.
Uhhh I find this statement extremely surprising. I mean, come on: which labor markets see wages skyrocketing for the lack of intelligent, rational, trained professionals? Certainly not most of them. In fact, outside of a few bubble and rent-seeking fields like software development and investment banking, I do believe most of the developed world’s job markets for professionals are in gluts right now, with few shortages of workers apparent anywhere. And it was more so in 2011, when some of the world’s economies were growing a bit slower.
I’m not confusing the categories; I’m just holding (from experience) that P(intelligent, rational | diploma) > P(intelligent, rational | ~diploma).
Actually, no, hold on. While I do tend to hold that, I didn’t state or use that assumption anywhere in the statement. In fact, even mentioning it reinforces my thesis: fields that genuinely have high demand for workers miraculously (rollseyes) stop caring so much about the paper credentials in favor of real experience and productivity.
Uhhh I find this statement extremely surprising. I mean, come on: which labor markets see wages skyrocketing for the lack of intelligent, rational, trained professionals? Certainly not most of them. In fact, outside of a few bubble and rent-seeking fields like software development and investment banking, I do believe most of the developed world’s job markets for professionals are in gluts right now, with few shortages of workers apparent anywhere. And it was more so in 2011, when some of the world’s economies were growing a bit slower.
I think you’re confusing “intelligent, rational people” and “people with a diploma”.
I’m not confusing the categories; I’m just holding (from experience) that
P(intelligent, rational | diploma) > P(intelligent, rational | ~diploma).Actually, no, hold on. While I do tend to hold that, I didn’t state or use that assumption anywhere in the statement. In fact, even mentioning it reinforces my thesis: fields that genuinely have high demand for workers miraculously (rollseyes) stop caring so much about the paper credentials in favor of real experience and productivity.