Focus on meritocacy leads to poor social outcomes

[batman1]

ONLY Nepotism applies to the MIW Elites.Even if they cock-up they still got their salary increments,bonuses and pomotions.

 

[Leongsam]

http://www.pewresearch.org/fact-tan...rs-real-wages-have-barely-budged-for-decades/

wage gains have gone largely to the highest earners. Since 2000, usual weekly wages have risen 3% (in real terms) among workers in the lowest tenth of the earnings distribution and 4.3% among the lowest quarter. But among people in the top tenth of the distribution, real wages have risen a cumulative 15.7%, to $2,112 a week – nearly five times the usual weekly earnings of the bottom tenth ($426)….

in 2016 Americans in the top tenth of the income distribution earned 8.7 times as much as Americans in the bottom tenth ($109,578 versus $12,523). In 1970, when the analysis period began, the top tenth earned 6.9 times as much as the bottom tenth ($63,512 versus $9,212).

I see nothing wrong with those figures. It shows that the system is helping to make everyone better off.

 

[mojito]

That only happens with fake meritocracy. Real meritocracy is a self-correcting system.

Yes yes. When it don't work is because it fake.