Monday, December 6, 2010

Why top talent earns so much money: Malcolm Gladwell

"There was a time, not very long ago, when people at the very top of their profession—the “talent”—did not make a lot of money. In the postwar years, corporate lawyers, Wall Street investment bankers, Fortune 500 executives, all-star professional athletes, and the like made a fraction of what they earn today. That era was an upside-down version of our own: when society gazed upon captains of industry and commerce, it marvelled at how ordinary their lives were. The truly rich in the nineteen-fifties and sixties were people who had inherited money. And then, suddenly, the world changed..."
Representing one of my favorite writers, Malcolm Galdwell presents an interesting take on the evolution of salaries and our increased interest for "talent", money and recognition.
Is money the only way to acknowledge talent? I believe it is not. Recognition is much more than how much we get paid. Even though money is important and it provides us with certain "social status", we should re-consider our set of social values and principles. For me, an individual's contributions to society and to the well-being of those around him should provide the base upon which society and corporations acknowledge talented individuals.
"Invest in people...a management that is full of integrity and talent" Warren Buffett


jp said...

gaping holes in gladwell's analysis:

jp said...

daping holes in gladwell's analysis: