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Re:IQ rates are dropping in many developed countries by cryptica on Wednesday May 22, 2019 @02:36PM (#19984097)
I think it's because intelligence doesn't help when it comes to earning money. The luck and social component is so strong that there is very little incentive for people to be intelligent.

I also do think that wealth inequality correlates with lower average IQ. Rich people want to keep the majority of people dumb; breed them like cattle, hook them up to machines and milk them.

Re:IQ rates are dropping in many developed countries by vibrato on Wednesday May 22, 2019 @03:11PM (#19984446)
IQ is the best test we have to predict economic success.

https://www.gwern.net/docs/iq/2007-strenze.pdf

Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @02:56PM (#19984294)
Though it's not a guarantee, it certainly does help. I'd argue that intelligence is part of that "luck." You lucked out and won the genetic lottery.
Re:IQ rates are dropping in many developed countries by Youcandothis on Wednesday May 22, 2019 @04:44PM (#19985281)
A lottery suggests a sort of reincarnation where people are randomly being born in different bodies.
Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @04:59PM (#19985429)
Not really. It's just a commonly used phrase.
Re:IQ rates are dropping in many developed countries by jondubois on Wednesday May 22, 2019 @03:01PM (#19984347)
I don't buy the genetic argument. Intelligence is worthless.

In this society, a complete idiot with capital can achieve much more than a genius can achieve without capital.

Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @03:11PM (#19984448)
An idiot with capital will, relatively quickly, lose all of his capital through wasteful spending. You see this all the time with lottery jackpot winners, those who receive a large inheritance, etc.
Re:IQ rates are dropping in many developed countries by savethefuture on Wednesday May 22, 2019 @06:11PM (#19986107)
Then he will become an idiot, without capital, whats your point?
Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @06:43PM (#19986371)
The point is one might luck into getting rich. Staying rich requires some intelligence, or you're going to make poor decisions. This is even true of dynastic wealth.

One example: https://www.independent.co.uk/news/obituaries/huntington-har...

Re:IQ rates are dropping in many developed countries by watwut on Wednesday May 22, 2019 @05:23PM (#19985676)
No. You can be extremely frugal while stupid as hell.
Re:IQ rates are dropping in many developed countries by jondubois on Wednesday May 22, 2019 @03:21PM (#19984532)
Not so. The reality is that his family banker will invest the money in an index fund like S&P500 for him and then he will see it compound a predictable 10% or so every year, becoming increasingly wealthy without ever having to lift a finger or exercise a single neuron.
Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @03:35PM (#19984670)
More likely the banker will invest it in low performing actively managed mutual funds and slowly drain 1-2% in additional "management fees" out of him...
Re:IQ rates are dropping in many developed countries by ksenzee on Wednesday May 22, 2019 @04:54PM (#19985380)
If you're getting a predictable 10% from your investments, you're investing in a different SPY than I am.
Re:IQ rates are dropping in many developed countries by xyzzyz on Wednesday May 22, 2019 @03:03PM (#19984364)
Which is why top companies are founded by children of lottery winners and media celebrities, while poor immigrants never achieve anything significant.
Re:IQ rates are dropping in many developed countries by atq2119 on Wednesday May 22, 2019 @03:19PM (#19984519)
Founding a top company is the most visible way of gaining a lot of wealth, but it is by far not representative.

Much more common are ways of starting with a lot of wealth and turning it into even more wealth.

Re:IQ rates are dropping in many developed countries by Viliam1234 on Wednesday May 22, 2019 @05:16PM (#19985595)
This is exactly the kind of information that will NOT be welcome at Hacker News.
Re:IQ rates are dropping in many developed countries by zone411 on Wednesday May 22, 2019 @11:26PM (#19988128)
Even according to a source that wants to agree with you, 57% of Forbes 400 started with less than $1 million: http://d3n8a8pro7vhmx.cloudfront.net/ufe/legacy_url/410/Born....
Re:IQ rates are dropping in many developed countries by james_s_tayler on Wednesday May 22, 2019 @09:01PM (#19987304)
That's exactly why sports stars and rappers with many millions of dollars often go broke and college kids eating ramen start billion dollar companies.
Re:IQ rates are dropping in many developed countries by skookumchuck on Wednesday May 22, 2019 @03:01PM (#19984350)
> I think it's because intelligence doesn't help when it comes to earning money.

What evidence is there of that?

> The luck and social component is so strong that there is very little incentive for people to be intelligent.

People tend to make their own luck. For example, if you sit home and watch TV 6 hours a day, you are highly unlikely to get lucky. If you're out swinging the bat, you're far more likely to get a hit.

Re:IQ rates are dropping in many developed countries by jodrellblank on Wednesday May 22, 2019 @03:07PM (#19984404)
Lucky if you're a person with the drive and motivation to go out swinging the bat.
Re:IQ rates are dropping in many developed countries by skookumchuck on Wednesday May 22, 2019 @06:20PM (#19986167)
Drive and motivation is a choice, not luck.
Re:IQ rates are dropping in many developed countries by jodrellblank on Wednesday May 22, 2019 @09:43PM (#19987550)
I see no reason that brain makeup would be any more a choice than eye color or height.

But even if it is, that just pushes the question back another stage. People make choices for reasons, based on their experience and predictions. Lucky to be someone who had the appropriate experiences and made appropriate predictions to choose drive and motivation. There should be no reason to doubt this unless you believe in some kind of external soul or intervening deity - a child who is hit every time they speak or move without being told to, will make different choices about "drive and motivation" as a child who is encouraged and praised when they do things of their own accord. It can't be otherwise, to suggest that people do things /without/ their environment affecting them at all is so absurd as to be instantly dismissible. The idea that infants might know what "drive and motivation" even are, without being taught, that everyone must learn that they are effective and valuable, independent of all experiences, doesn't stand up to any scrutiny whatsoever.

Put simply, if what you say was true, /everyone would choose that/.

Re:IQ rates are dropping in many developed countries by skookumchuck on Thursday May 23, 2019 @12:01PM (#19992922)
You're denying people have free will.

People are all born with different characteristics, sure. But this does not predestine them. You, with your brain, can choose your path. You can choose to take advantages of your inborn advantages, and train to overcome your inborn deficits. It's why you HAVE a brain.

You can CHOOSE. People do it every day.

To claim to be fated to be a victim of circumstance is choosing to be a loser. You'll not be what you could be.

Re:IQ rates are dropping in many developed countries by UnFleshedOne on Friday May 24, 2019 @01:49PM (#20003781)
Free will is an incoherent construct.

Free will implies that if you make a decision (after a long process of deliberating) then roll back the universe to before the start of that process and run it again, you can make a different decision even though exactly nothing changed.

In deterministic universe, everything will run right on the same tracks, and your cognitive process influenced by its internal structure, its accumulated experience and current inputs, will arrive to the same conclusion. No free will here.

In non-deterministic universe, something will randomly happen differently and you will arrive to a different conclusion, but that is still not your doing. You don't control that atom decaying or not decaying and flipping your neuron or something. So no free will here either.

In dualistic universe, your "soul" will influence the decision differently, but that is merely moving the problem into soul realm. Depending on how much decision making your theology places into the brain and how much into the soul, the soul acts as a generator of randomness (it is is not influenced by materialistic inputs and experiences) or as a whole processing unit (if all thinking is done there). You don't control that either.

Re:IQ rates are dropping in many developed countries by jodrellblank on Tuesday May 28, 2019 @10:02PM (#20036264)
You're denying people have free will.

Yes, I am.

You are using a dream of free will as an excuse to put down people and be rude and judgemental, and to put yourself above others.

Re:IQ rates are dropping in many developed countries by icebraining on Thursday May 23, 2019 @05:33AM (#19990032)
What evidence is there of that?
Re:IQ rates are dropping in many developed countries by skookumchuck on Thursday May 23, 2019 @11:53AM (#19992852)
You can get up and go jogging and improve our health. Or you can turn on the TV. It's your choice. Just like you chose to write "What evidence is there of that?". You weren't fated to write that.
Re:IQ rates are dropping in many developed countries by icebraining on Thursday May 23, 2019 @12:50PM (#19993420)
The question is not whether one has choice, but about the mechanisms that leads one to choose one or the other.

One can choose to go jogging, but one can't choose to have the motivation to choose to go jogging.

Re:IQ rates are dropping in many developed countries by skookumchuck on Thursday May 23, 2019 @01:43PM (#19994011)
> one can't choose to have the motivation

Of course you can. Sheesh. Take responsibility for yourself.