Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
USA

It’s Official: Billionaires Are Not The Brains They Want To Believe | Arwa Madawi

M.they might be able buy your happiness, but it can’t buy your brains.a Study published in January It turns out that billionaires are no smarter than us. In fact, the top 1% of earners scored lower on cognitive tests than those with slightly lower incomes.

That’s according to researchers who analyzed data from 59,000 Swedish men and then followed their lives for over a decade. They found a strong relationship between a person’s intelligence and their annual income until they reached an annual income of 600,000 kroner (£46,700). After that, factors such as luck, origin, and personality became more important.

“We found no evidence that those in the best jobs that pay exceptional wages are worth more than those earning half as much, in line with cognitive performance, an important aspect of merit,” he said. Researchers pointed out.

Unless your main hobby is licking billionaire boots, I’m sure this isn’t particularly surprising. It turns out that being incredibly smart is not an automatic match.

Still, studies like this need to be shouted from the rooftops, given the burgeoning pay gap between CEOs and employees. The wage gap between CEOs and U.S. workers last year 670 to 1, increased from 604 to 1 in 2020. More specifically, the CEO of a US company with minimum wage employees earned an average of $10.6 million, while the median worker only received $23,968.

The wage gap isn’t as severe as in the UK, but it’s still terrible. According to last year’s analysis, the FTSE 350 CEO said: 63 times the average wage 43 FTSE 350 bosses earned more than 100 times the average employee salary in 2020.

How can this huge pay gap be justified? As studies like this make clear, it is not meritocracy that drives the pay gap. It’s old fashioned greed.

Arwa Mahdawi is a columnist for The Guardian.

Summarize this content to 100 words M.they might be able buy your happiness, but it can’t buy your brains.a Study published in January It turns out that billionaires are no smarter than us. In fact, the top 1% of earners scored lower on cognitive tests than those with slightly lower incomes.That’s according to researchers who analyzed data from 59,000 Swedish men and then followed their lives for over a decade. They found a strong relationship between a person’s intelligence and their annual income until they reached an annual income of 600,000 kroner (£46,700). After that, factors such as luck, origin, and personality became more important.“We found no evidence that those in the best jobs that pay exceptional wages are worth more than those earning half as much, in line with cognitive performance, an important aspect of merit,” he said. Researchers pointed out.Unless your main hobby is licking billionaire boots, I’m sure this isn’t particularly surprising. It turns out that being incredibly smart is not an automatic match.Still, studies like this need to be shouted from the rooftops, given the burgeoning pay gap between CEOs and employees. The wage gap between CEOs and U.S. workers last year 670 to 1, increased from 604 to 1 in 2020. More specifically, the CEO of a US company with minimum wage employees earned an average of $10.6 million, while the median worker only received $23,968.The wage gap isn’t as severe as in the UK, but it’s still terrible. According to last year’s analysis, the FTSE 350 CEO said: 63 times the average wage 43 FTSE 350 bosses earned more than 100 times the average employee salary in 2020.How can this huge pay gap be justified? As studies like this make clear, it is not meritocracy that drives the pay gap. It’s old fashioned greed. Arwa Mahdawi is a columnist for The Guardian.
https://www.theguardian.com/commentisfree/2023/may/10/its-official-billionaires-arent-the-brainboxes-they-like-to-believe It’s Official: Billionaires Are Not The Brains They Want To Believe | Arwa Madawi

Back to top button