Daily reminder!

Supergrass
Supergrass

People who had trouble (sometimes severe trouble) learning math and science in high school are making 100, 200, 300k a year. This, unfortunately (fortunately) is going to end when the crisis hits. Economies must reach equilibrium. Stopping the regress of these math science illiterate people into earning 20k a year is going to be like trying to stop drugs from crossing the border into america. There is no way to stop economics, it is a force of nature.

Raving_Cute
Raving_Cute

he still hasn't realized that people skills are more important than technical skills

fucking lol m8. enjoy engineering products to make Chad rich

Lunatick
Lunatick

You recommend a degree in math?

Deadlyinx
Deadlyinx

ITT OP majored in math and therefore salty

Carnalpleasure
Carnalpleasure

It's an interesting idea OP, but you are overlooking the fact that success is usually a result of specialisation.

If someone is weak in Math, they can hire a good accountant and still be very successful in business.
I have a client with a fairly low IQ but he is driven and hugely successful.
He has an iron will and holds all his staff accountable for their roles and God help them if they don't deliver.

Quite often the most intelligent are the least successful because they over-analyse and never at, where quite often fortune favours the brave and if you're smart and had jumped you would have had a better chance at making it work.

AwesomeTucker
AwesomeTucker

Explain how that would happen.

Stupidasole
Stupidasole

You are like the mortgage brokers in the big short. Economics is coming for ya mate, sweet dreams!

It comes down to who is more valuable tho. There are less people in tbe world who can understand what it takes to add another million transistors onto a chip the size of your thumb than there are people who can say "ooga booga i haz ppl skills! Ooga booga build me this!" Its like the people who think we are going to have cyborgs in the future. They think engineering is a joke. Like "oh yeah ill just hire an engineer!" Then pay them 25% of what they earn themselves as if ppl skills were some godly skill.

Crazy_Nice
Crazy_Nice

It isn't the people with "people skills" who hire engineers, it's the people who have the money and the infrastructure. "People Skills" are a meme invented to describe people who can't do anything besides throw money at projects and "manage" something they don't understand.

Booteefool
Booteefool

This isn't to say communication skills aren't important, but no amount of people skills makes up for being otherwise shit at what you do.

Evil_kitten
Evil_kitten

Simple. Why does a farmer in half the world make as much money in a year that a farmer in the us makes in a day? Why is this the case for programmers? For construction workers? For lawyers?
Because in the developed world, the people who create societal advancement (mri machine engineers, architects, research doctors, etc..) give up most of their salary so society can overpay the people who dont create societal advancement (comms majors, prosecutors, government workers, bankers, lawyers etc...). In most of the world if the only thing u have mastery of is ur own mative language, you dont make shit. Yet in quasi socialist places like america/france/italy/greece/spain/iceland/portugal... you make more than societies producers while you produce nothing.
Economics drives wages towards equilibrium, naturally. If you are the one person on earth smart enough to cure cancer, then u should be payed billions of dollars, because you will be saving hundreds of millions of lives, and lives do have value. but if you are a bus driver, you shouldnt make 140 thousand dollars per year bc of ur union negotiations. At a certain point the cancer becomes too heavy for the host to carry, and we are already way past this point in places like the us. We hallucinate our economic health, like an 800 pound woman dreaming that shes running a marathon. Thats macro economics for you. Herd-wide hallucination.

haveahappyday
haveahappyday

Yeah. I mean look at samsung. Alot of conceited americans would like to think apple blows samsung out of the water in terms of creativity and vision, and that samsung is just a bunch of single track mind uncreative engineers.
Yet, who came up with the curved edge phone? Wasnt that pretty damn fucking creative? Maybe engineers deserve a little more fucking respect

idontknow
idontknow

Also i want to make the distinction between bankers and investors.
Bankers, ie. The person who takes your money, lends it out to someone else at 5 percent, pays himself 99 percent of the interest, then gives 1 percent back to you. These people are tumors growing on cancers. Literally cancers of cancers. They make hundreds of thousands per year, and deserve to make a few thousand. Investors on the other hand use brainpower to allocate resources where they will thrive, and take the risk themselves, as opposed to the banker who assumes no risk.
Big difference.

lostmypassword
lostmypassword

lends it out to someone else at 5 percent
Hey bud, if he can loan your money out at 5%, so can you.
You simply fucked up by accepting 1%.

Playboyize
Playboyize

dude....this is a debate about what the world should be like vs. what it's actually like. even if economics pushes the wages towards equilibriums, the people who know how to play the game will still win the game.

You can never stop Chad. He will always make more money than a math nerd. If the math nerd starts to make as much as Chad, Chad will do something about that.

Methnerd
Methnerd

if you are a bus driver, you shouldnt make 140 thousand dollars per year bc of ur union negotiations.
Lol this fag is still butt hurt about that thread from weeks ago and is coming up with delusional fantasies

PackManBrainlure
PackManBrainlure

you do not appear to have a mastery of the english language.

Sharpcharm
Sharpcharm

... You are right, or at least your theory about bus drivers is right. However, what you envision will not be realized in the time frame you are expecting... Or it may simply never happen at all.

About your other theory , people accept 1% and banks are allowed to provide 5% because they bring value to the table: security. People accept it because the chances of a bank default is lower than an individual default (generally speaking, doesn't apply to your Uncle Matt, Auntie Jamie etc.) If you don't like it, you could always start your own financing business, targeting those who are rejected by the banks. Plenty of "value-creation" that way.

Snarelure
Snarelure

He's alright, a few mistakes here and there. But I think he's lifted most of his ideas from something... Perhaps a doomsday preacher of sorts, judging from his message

WebTool
WebTool

The butthurt is tangible. "Society" doesn't overpay banker or lawyers; bankers earn a commission on the amount of wealth they create and lawyers are paid either by private companies (who have free choice to pay as much as they want to lawyers) or private individuals who have the same freedom. Comms majors don't make much money and if you think that prosecutors and government workers are somehow invaluable people then you are truly stupid. You're one of those "muh science. scientist and engineers deserves all teh wealths of the world." Oh and saying that "economics will catch up with you" isn't an argument.

StonedTime
StonedTime

Oh and btw, if you anything about recruitment in finance (the field where you're most likely to make the "100, 200, 300k" you speak of) then you'd know that people from quantitative backgrounds are preferred to people from humanities backgrounds. Only jobs related to law or similar fields don't show any preference for STEM majors but that's because their jobs require pretty much 0 quantitative skills but excellent verbal/writing skills. Being a math or STEM major doesn't automatically make you more valuable or intelligent than a History major, especially if you're this butthurt and autistic.

GoogleCat
GoogleCat

Take a look at the founders of Apple and who was the actually brains of the company versus who sold the company. Now lets look at who we today remember as the founder of the company. Selling is far more important then creating because if you can sell something you have value of whatever you sold and can continue selling whatever you want. While if your creating something you dont truly know the value until the market decides what their willing to pay for it thus you need someone to mark up your prices and talk up the value of the item.

Fuzzy_Logic
Fuzzy_Logic

Shortened. You can have the coolest app ever but if you cant get anyone to use it its worthless.

Crazy_Nice
Crazy_Nice

I teach pickup. My industry is literally recession proof.

iluvmen
iluvmen

Products don't sell themselves. Without sales skills a company will not sell it's product or services. All those things that engineers make and all the money accountants analyze will not come into the enterprise until a sale is made.

TalkBomber
TalkBomber

Who is butthurt? In a world with only the ppl i believe are valuable (engineers, doctors, architects), we would still have hand held computers and porsches, still replace peoples hearts, and still have skyscrapers. In a world of only the people you think are valuable (prosecutors, journalists, government workers, tv personalities) they would be living in caves, waxing poetic about a magical world of machines and electronics that is beyond their understanding, throwing their feces at eachother like the monkeys they are.
Ive heard ppl on here say the truth has a sort of ring to it, and that when u hear it u know it for the truth. Thats why your ears are ringing right now.
I am very lazy, and i dont have the energy to pick a losing battle like shilling fallacies in a world that has this fucking insane thing called the internet. Bullshitting in a world with free speech is over. Its like trying to sell asbestos. Give smartphones and free speech to north koreans and see how long the powers that be can keep communism going.
Wait im saying is radioactive and its going to spread. The days of someone going to a nyc business school and waltzing to 150k a year without even truly understanding the shit they are dealing with are numbered.
We do have a crisis coming. The system is constructed with air. I mean the only person capable of putting us on a trajectory where we might not collapse (trump) is probably not even going to win. A crisis is coming. Most people wont tell you that because most people are idiots.

TurtleCat
TurtleCat

Jesus christ.
the fact that there are ppl in this world who truly believe what you just said has me in awe. I am literally in awe. But it shows how much the fire im setting is going to spread. Ego liposuction is for some reason enjoyable to me and im literally up to my eyeballs in lard these days. You are a perfect demonstration of that.

StonedTime
StonedTime

- t. Guy who majored in math, got zero pussy at college and is now unemployed.

Fuzzy_Logic
Fuzzy_Logic

what if the equilibrium never happens? Thats just wishful thinking in your part. Dream on, bud.

Boy_vs_Girl
Boy_vs_Girl

the chances of a bank default is lower than an individual default
only because governments prop banks up because they are "too big to fail"

literally cancer

Poker_Star
Poker_Star

What they said is true. Without the proper marketing, even the most useful, most innovative product would not be accepted by the public. If this weren't the case, companies wouldn't spend money on marketing. Period.

Gigastrength
Gigastrength

Different ID, but I'm assuming this is OP. No, even without the government's help, banks (along with other respectable lending institutions) are more reliable than individuals (which is why many people employ their services).

Stop trying to spread fear, and stop being a recipient of it. It is quite evident that someone has been spreading doomsday news to you.

Skullbone
Skullbone

only because governments prop banks up because they are "too big to fail"
No you fucking retard. The "muh bailouts" only happened after the financial crisis and it is very well known that in general, big banks are less likely to default than individuals and even certain governments.

Evilember
Evilember

Mate, you're rambling on about a bunch of vague bs. The only thing whose days "are numbered" is your career because you are obviously immature and autistic.

RavySnake
RavySnake

What they said is true
No, it was false.

Marketers don't need "people skills", they need intelligence and creative ability. "People skills" matter for whores, car salesmen, redundant bureaucrats and others in similar professions - i.e. for a majority of the populace.

tl;dr: no amount of "people skills" will save you from a below-average, average or barely above average intelligence.

BlogWobbles
BlogWobbles

Tl;dr: "strong people skills" is an euphemism for "dumb".

RumChicken
RumChicken

"I can't even" , the post

DeathDog
DeathDog

i always had trouble learning math
somehow the way they teach it in school is indigestible for my brain.

interestingly tho when it comes to applying math in life and at work i'm better than 99.9% of the worlds population.

so i think you are confusing things full of shit and don't have a clue in general what you are talking about.

trouble with learning never means shit about how good you are at it it only gives you information about the effort required to get good at it.

takes2long
takes2long

Sigh OP, you're hopeless. Having "people skills" boils down to how good you are at communication. Without communication, it wouldn't matter how intelligent you are - ideas that are not understood by anyone except for you are useless.

People on the marketing side NEED people skills. For one, marketing is about convincing people that they need your product. If you don't understand anything about your target demographic, you cannot convince them that they need your product, and YOU CANNOT SELL.

When there is no demand for your product... You guessed it, there's no value. Now let's close this thread, it's been around long enough.

Carnalpleasure
Carnalpleasure

Mathematics builds abstract models of reality, which usually fails to compete with devil-in-the-details knowledge.

At least this is how Taleb refutes your argument.

Methnerd
Methnerd

Who cares. If you aren't good looking you are dead, you will never make women beg for your dick.

FastChef
FastChef

People who had trouble (sometimes severe trouble) learning math and science in high school are making 100, 200, 300k a year

These are too few and far between. They either had YUUGE connections or were extremely lucky. These people are set for life no matter what they do.

You are comparing apples with oranges. Sure a well-connected richfag with a degree in fine arts or gender studies will get 300k doing some bullshit job, but how about a poorfag/normalfag without connections? STEM degree is the only chance for such people to get a six figure salary.

Emberfire
Emberfire

A chimpanzee and you have the same value of communicativeness. Meaning, what you use to pur yourself on a pedestal (your communication skills) are actually no more advanced than a chimpanzees communication skills. In otger words, engineers can communicate just as well as , and probably better than you. Everybody has communication skills. U are like the loser on office space screaming "IM GOOD WITH PEOPLE!"
Loser...

BlogWobbles
BlogWobbles

I didnt samefag once btw. Keep claiming tho, stem illiterates

Dreamworx
Dreamworx

Also. If 1 in 100 ppl default on their own, and the chance of a bank defaulting that holds these 100 peoples money is 1/200, dont you realize that the relative risk per person is 1/200 x 100= 1/2, which is 50x the total risk of the original 100 people keeping their money themselves? In other words, the bank risks ur money, and doesnt comp u for it. "i think you are confusing things full of shit"
i think u are confused, fucking moron

Crazy_Nice
Crazy_Nice

i think u are confused, fucking moron
i hold my argument you are talking bullshit that has no causal correlation whatsoever from any direction.

RumChicken
RumChicken

Bullshitting in a world with free speech is over.
proceeds to advocate for trump
Ahahaha fucking kill yourself, the world is never gonna cater to your autistic fantasy world faggot

CouchChiller
CouchChiller

brings up causality
probly believes in free will
oh, and what u said is not an argument.
Dont worry sweetie, i didnt mean to hurt ur feelings.

Nude_Bikergirl
Nude_Bikergirl

Quite often the most intelligent are the least successful
agreed until there

TechHater
TechHater

Being shit at something as a teenager means you'll always be shit at it

WebTool
WebTool

Marketing has a vastly larger impact than you realize. The reason you don't realize it is because it's so pervasive that you assume it happens automatically.

DeathDog
DeathDog

Having dealt with programmers before (and I AM a programmer, albeit one who's actually socially competent), I can safely say that no, not everyone has communication skills. Many very technically savvy people are poorly-spoken, obnoxious, or otherwise unpleasant to be around, which puts a significant damper on their ability to produce anything worthwhile outside of their single area of expertise.

The fact that you think everyone is equally good at communicating makes a strong case for you also not having communication skills.

Supergrass
Supergrass

Consumer bank defaults are less likely because of diversification of investments you knob. If you're referencing the 2008 crash, you're primarily railing against investment banking, credit default swaps, and poor regulation.

Consumer banking revenue is built on fees for checking/debit services, fees for credit card processing, and interest from commercial lending. Mortgage lending is a distant fourth in terms of profit generation for most large American consumer banks since 2008, and most of that business is resold to wholesale lending institutions who then collateralize that debt to sell to investment banks.

You know next to nothing about profit generation for consumer banks, and while you're potentially partially correct about banks becoming less profitable in the (very) long term, you're totally wrong about why, and not even approaching the topic from the right perspective.

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