Friday, April 20, 2018

On the Fact that 200 Years Ago, a Person with an IQ of 145 Probably Wasn't Going to Make All that Much More Money than a Person with an IQ of 90 (They'd Both Be Pushing Plows Would Be My Guess) but Now, In an Era Where Brainpower Is Critical to Success, the Disparity In Earnings Is Huge

And when a person's IQ is as low as 83 (the bottom 10%), we're talking damn near unemployable. My suggestion is that we fully eliminate the minimum wage (this whole concept of giving teenagers and retirees more money never made much sense to begin with) so that low IQ people aren't completely priced out of the market and stress as much as possible the trades, because shipping everyone off to college (like Sanders and Obama apparently want to do) is a humongous misallocation of capital and literally does nothing to address the afore-mentioned problem.

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