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How life became an endless, terrible competition.
Posted on 8/27/19 at 9:46 am
Posted on 8/27/19 at 9:46 am
I don't always love The Atlantic, but this piece by a Yale law professor is pretty thought provoking. Basically, unlike the idle rich of yesteryear, the meritocratic rich of today outwork everybody, to their own detriment and (especially) to the detriment of their families.
https://www.theatlantic.com/magazine/archive/2019/09/meritocracys-miserable-winners/594760/
https://www.theatlantic.com/magazine/archive/2019/09/meritocracys-miserable-winners/594760/
quote:
Elites first confront meritocratic pressures in early childhood. Parents—sometimes reluctantly, but feeling that they have no alternative—sign their children up for an education dominated not by experiments and play but by the accumulation of the training and skills, or human capital, needed to be admitted to an elite college and, eventually, to secure an elite job. Rich parents in cities like New York, Boston, and San Francisco now commonly apply to 10 kindergartens, running a gantlet of essays, appraisals, and interviews—all designed to evaluate 4-year-olds. Applying to elite middle and high schools repeats the ordeal. Where aristocratic children once reveled in their privilege, meritocratic children now calculate their future—they plan and they scheme, through rituals of stage-managed self-presentation, in familiar rhythms of ambition, hope, and worry.
quote:
The contest intensifies when meritocrats enter the workplace, where elite opportunity is exceeded only by the competitive effort required to grasp it. A person whose wealth and status depend on her human capital simply cannot afford to consult her own interests or passions in choosing her job. Instead, she must approach work as an opportunity to extract value from her human capital, especially if she wants an income sufficient to buy her children the type of schooling that secured her own eliteness. She must devote herself to a narrowly restricted class of high-paying jobs, concentrated in finance, management, law, and medicine. Whereas aristocrats once considered themselves a leisure class, meritocrats work with unprecedented intensity.
Posted on 8/27/19 at 9:49 am to Slippy
quote:
the idle rich of yesteryear
Posted on 8/27/19 at 9:51 am to Slippy
Yeah if I could go back, I’d be a high school science teacher and coach basketball and be happy making 40k and getting 3 months off every summer
Posted on 8/27/19 at 9:51 am to Slippy
Yes, it is all quite a highly choreographed illusion. Credentialism and materialism extremis. I see it collapse on people in their fifth or sixth decade and they stand there asking WTF.
Posted on 8/27/19 at 9:53 am to Slippy
Make your stake, move out of NYC or San Fran to someplace cheaper, enjoy your life, pass something on to your kids.
Anyway, I'm no sure I entirely agree with the author's premise. There are still plenty of rich wastrels blowing their inheritances.
Anyway, I'm no sure I entirely agree with the author's premise. There are still plenty of rich wastrels blowing their inheritances.
Posted on 8/27/19 at 9:53 am to Slippy
I don’t know what any of that stuff means. I was gonna wait till it cools down to take my kids fishing, maybe I should go ahead and do it now even though it’s hot?
Posted on 8/27/19 at 9:59 am to windshieldman
Basically, don't forget the important things in life are your family, health and happiness. Prioritize those 3 above all else. Still, work hard and try secure comfort for your family but not at the expense of those 3 priorities. It is manageable, easier for some than other based on their circumstances(lucky opportunities, wealthy background).
Being stoic about the many challenges in life that you confront can certainly help. I recommend The Daily Stoic. It's a good read for a husband & wife to end/start the day.
Some people take like too serious and get lost in the rat race chasing the Jones.
Being stoic about the many challenges in life that you confront can certainly help. I recommend The Daily Stoic. It's a good read for a husband & wife to end/start the day.
Some people take like too serious and get lost in the rat race chasing the Jones.
Posted on 8/27/19 at 9:59 am to Slippy
Nothing makes me want to put my head through a wall more than being around a bunch of professional types who all want to try and one-up each other as to how much they work and how "busy" they are.
Posted on 8/27/19 at 10:02 am to TexasTiger34
quote:
Basically, don't forget the important things in life are your family, health and happiness.
Well I have the family and happiness part down. I should definitely exercise more and eat better. I am very active though, just not exercising type active
Posted on 8/27/19 at 10:04 am to Y.A. Tittle
quote:
Nothing makes me want to put my head through a wall more than being around a bunch of professional types who all want to try and one-up each other as to how much they work and how "busy" they are.
I remember my first month out of law/tax school, a partner in the firm I was working for bragged to me about not taking a week off of work his first 3 years except for his honeymoon. It didn't take me much longer to realize billing hours was not what I was going to do with the rest of my life
Posted on 8/27/19 at 10:04 am to Jim Rockford
quote:
Anyway, I'm no sure I entirely agree with the author's premise. There are still plenty of rich wastrels blowing their inheritances.
Truth. I know plenty
Posted on 8/27/19 at 10:11 am to jchamil
shite like that is why my philosophy has always been “A job is a means to an end, not an end in and of itself.”
Money is nice but having the time to enjoy it is better.
If I had gone to law school or med school, I could have made bank but I sure wouldn’t have been able to enjoy it.
Money is nice but having the time to enjoy it is better.
If I had gone to law school or med school, I could have made bank but I sure wouldn’t have been able to enjoy it.
This post was edited on 8/27/19 at 10:12 am
Posted on 8/27/19 at 10:15 am to Slippy
Very good article,this line stood out to me "But it is simply not possible to get rich off your own human capital without exploiting yourself and impoverishing your inner life."
Posted on 8/27/19 at 10:18 am to WaydownSouth
quote:
Yeah if I could go back, I’d be a high school science teacher and coach basketball and be happy making 40k and getting 3 months off every summer
It's not too late. My high school had a teacher start there in his 50s teaching History. He never gave details of his former career, but he drove a very nice car and had a Breitling watch.
Posted on 8/27/19 at 10:19 am to WaydownSouth
This is great, if you have money from a previous career.
Posted on 8/27/19 at 10:21 am to teke184
quote:
shite like that is why my philosophy has always been “A job is a means to an end, not an end in and of itself.”
"Work to live, don't live to work"
Posted on 8/27/19 at 10:22 am to Ben Hur
quote:
It's not too late. My high school had a teacher start there in his 50s teaching History. He never gave details of his former career, but he drove a very nice car and had a Breitling watch.
Might've married rich, raised the kids, then got bored when they flew the coop.
Posted on 8/27/19 at 10:22 am to Slippy
quote:
aristocrats once considered themselves a leisure class, meritocrats work with unprecedented intensity.
AI is going to give us all plenty of free time very soon
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