Why Everyone Feels Like They're Losing
The article discusses the paradox of increasing wealth in America alongside growing difficulties for the median person to succeed. It highlights how a skewed distribution of returns, particularly in tech and academia, leads to a perception of shared success that is misleading. The rise of AI-enabled cheating software reflects the desperation of job seekers facing an increasingly challenging hiring landscape.
- ▪America is wealthier than ever, yet median individuals find it harder to succeed.
- ▪The distribution of returns is skewed, with extreme outliers capturing significant gains while the median does worse.
- ▪AI-enabled cheating software has emerged as a response to the high barriers in the hiring process.
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Why Everyone Feels Like They’re Losing We’re in a paradoxical situation where although America nominally is wealthier than ever, at the same time, it’s become too hard to succeed for the median person, whether in academia, business, or pretty much anything else in life. This contradiction can be explained by an increasingly skewed distribution of returns, where extreme outliers capture enormous gains, but the median does worse. The outliers inflate the mean, creating the illusion of shared success or a rising tide.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Greyenlightenment.
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