News for hackers. Stuff that matters.

A comment on Elite Underproduction. Parent comment

Re:Elite Underproduction by thrower123 on Sunday November 07, 2021 @02:10PM (#29142461)
The smartest Americans go into law and medicine and banking, because the expected value is even higher for bright people in those fields than technology.
[ Parent | on HN ]
Re:Elite Underproduction by amusedcyclist on Sunday November 07, 2021 @03:35PM (#29143271)
I don't think thats true anymore, unless you become a partner at a large law firm (very unlikely even for top grads) or are a very specialized surgeon (extremely difficult job) most FAANG level senior developers will out earn you and work far less. Might be true of banking but idk
[ Parent | on HN ]
Re:Elite Underproduction by ksaun on Sunday November 07, 2021 @02:33PM (#29142663)
Maybe this is implicitly understood, but I don't think everyone's goal is to maximize income/wealth. That is, not everyone would calculate "expected value" in the same way.
[ Parent | on HN ]
Re:Elite Underproduction by slt2021 on Sunday November 07, 2021 @02:20PM (#29142545)
it used to be true, before 2008 crisis. Not anymore
[ Parent | on HN ]