this post was submitted on 27 Dec 2023
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Economics

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[–] Jiggle_Physics@lemmy.world 84 points 11 months ago (1 children)

In gates' case it was a father with enough money he could attend one of the few schools that he could have access to a computer and a program to learn IT. While ALSO having an investment banker uncle who was willing to invest millions into his company early on.

[–] tankplanker@lemmy.world 40 points 11 months ago (1 children)

Also didn't his mother help get him the contract to provide ms dos for IBM? And didn't he buy MS-DOS using dad's money?

[–] Jiggle_Physics@lemmy.world 30 points 11 months ago (1 children)

Yes his mother was on the board of United Way where she was friend's with a board member at IBM.

[–] snooggums@kbin.social 17 points 11 months ago

C O N N E C T I O N S

[–] snekerpimp@lemmy.world 80 points 11 months ago (33 children)

“I built this company by myself, from the ground up, my own blood sweat and tears, no help from anyone, and a $20 million dollar gift from my daddy”

[–] winterayars@sh.itjust.works 17 points 11 months ago

Donald Trump's famous "very small loan" he got from his father...

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[–] LostCat005@lemmy.world 49 points 11 months ago (2 children)
[–] some_guy@lemmy.sdf.org 22 points 11 months ago

Was just complaining about this to my therapist. Boomers, in general, were born on third base. Raging economy, low-priced homes, cheap college, think they pulled themselves up by their bootstraps. "Kids today…" Fuck you. Your situation only existed because Europe was destroyed by war and America was untouched.

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[–] yogthos@lemmy.ml 39 points 11 months ago (2 children)

On a related note, there are also studies showing that luck as opposed to skill is the dominant factor in success. A person who has average skills but enjoys having good a good start in life, who has access to good connections, education, and so on, will have a far better chance of becoming successful than an exceptional person who doesn't get these benefits.

https://blogs.scientificamerican.com/beautiful-minds/the-role-of-luck-in-life-success-is-far-greater-than-we-realized/

[–] JDubbleu@programming.dev 12 points 11 months ago (1 children)

I've recently experienced this myself and it's insane. I grew up in what appears (at least to me) to be an average middle class life. I lived at home during college and commuted to my local community college, then state school to get my 4 year degree in CS

I grinded my ass off during college to get a good internship which led me to getting a $220k a year job at AWS with 0 connections. That one position was my lucky break that sent me into a world of connections I couldn't even fathom.

As a result of that job I moved to the bay area and made a bunch of friends both in and out of my field. Through that I've met VCs, mentors, recruiters, and many others who I could get a job interview through just by asking. I've also gotten a few other people jobs through direct referral. Don't get me wrong they still have to interview and perform well, but getting short listed for interviews is incredibly powerful.

I recently got a new job, full remote, amazing benefits, and higher salary than AWS (slightly less total comp) through a friend of a friend. Despite the tech market being awful I went from asking for a referral to signing an offer in 6 weeks with only 1.5 YOE. I'm no one special either, I just knew the right people to get interviews and then studied my ass off to pass them. Most people capable of passing wouldn't even get an interview because it's a numbers game.

[–] yogthos@lemmy.ml 4 points 11 months ago (1 children)

It's crazy to think about isn't it. So much of your career ends up being just dumb luck of meeting the right people, and ending up in jobs where you make useful connections. And I have friends who are hands down smarter than I am, who ended up with crappier jobs because their dumb luck took a slightly different turn. I've come to realize that this whole notion of meritocracy under capitalism is pure nonsense. You do have to put in work into your career, but getting the right opportunity is what really matters.

There are plenty of people who are smart and ambitious, but only a few ever end making it. And then it's easy to look back and to start attributing your success to having worked hard, and being smart, and so on. The reality is that you just won the lottery.

[–] JDubbleu@programming.dev 4 points 11 months ago (1 children)

I think it's both. I've always subscribed to the idea that you create your own luck in a way. As in, working hard will allow you more "lucky" opportunities, but it doesn't guarantee them. There are certainly people who will never get lucky despite working hard, and there are those who will fall upwards despite doing the bare minimum. As long as you make a comfortable living I wouldn't stress over it, and try to help those who are less lucky around you when you can.

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[–] ShimmeringKoi@hexbear.net 7 points 11 months ago

"I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops".

[–] crsu@lemmy.world 36 points 11 months ago (3 children)

When I started Reynholm Industries, I had just two things in my possession: a dream and six million pounds. Today I have a business empire the like of which the world has never seen the like of which. I hope it doesn't sound arrogant when I say that I am the greatest man in the world!

[–] MigratingApe@lemmy.dbzer0.com 17 points 11 months ago

For the uninitiated - IT Crowd

[–] bfg9k@lemmy.world 7 points 11 months ago

Yes Security? Everyone on floor 5 is fired.

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[–] LetterboxPancake@sh.itjust.works 30 points 11 months ago (1 children)

"If you don't want to be poor, why weren't you just born into a rich family? I have no respect for your bad choices pre life!"

[–] SlopppyEngineer@lemmy.world 5 points 11 months ago* (last edited 11 months ago)

"Because you are poor you are unworthy*. Because you are unworthy you don't deserve support."

( * replace by favorite slur)

And because they don't get any support, people remain poor, thereby closing the circular reasoning.

[–] nyakojiru@lemmy.dbzer0.com 14 points 11 months ago

Is there any doubt about that? This is no news, even for people with a big house, cars …

[–] sooper_dooper_roofer@hexbear.net 6 points 11 months ago

a father with money

uhh, it's HER TURN (to give birth to a failson who fails perpetually upward)

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