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What kind of jobs do the software engineers who earn $500k per year do? - Quora
If you're a worker in a village who supplies said village with water, you are valuable to its people. There are two types of workers:

Type 1 worker: Grabs an empty bucket or two, goes to the sweet water lake, fills them up, comes back and makes twenty people happy. He gets to drink some of that water along the way, and once he gets back, takes some of the water home.

Type 2 worker: Disregards how much of a "fair share" of water he's getting. Instead of grabbing a bucket, grabs a shovel and a little cup, and disappears for a while. He's digging a stream from the lake towards the village. Often he disappoints people for having returned from weeks of work with an empty cup. But the elders in the village for some reason believe in him and want to keep him (and throw him a bone so that he doesn't starve for a little while). Some day, suddenly he shows up with a constantly flowing stream of water behind his back. He puts the Type 1 workers out of water delivery business. They'll have to go find a different activity and "team" to work with. Type 2 worker, depending on how much control they retained on that stream, get to own a good chunk of it. Because the village wants to acquire and integrate that stream, they compensate the ownership of Type 2 worker in that stream with on par ownership in the village itself, typically land or such.

News media observes the Type 2 worker and his unwillingness to part with his accumulated wealth in return for his added value for the village (often vesting on a schedule, also known as golden handcuffs); and spins it such that it looks as if another village tried to woo that worker but was met with unexpected resistance.

The resulting media impression, in the mind of Type 1 workers, feels like pay inequity (see the video at the bottom). This is because Type 1 workers expect equal rewards for equal time spent being loyal to the same village.
creating_valuable_content  entrepreneurship  mindsets  productivity  productivity_payoffs  Quora  scaling  solutions  solution-finders  software  thinking_big  uncharted_problems  unconventional_thinking  value_creation  variations  wealth_creation 
may 2014 by jerryking
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