the economy should strive to give people credit for what they choose to do, rather than what you luck into
The choices you make are heavily influenced by factors you lucked into, like intelligence, family, culture. And the choices you are presented with are even more influenced by your country of origin.
It's not just outliers. What do you do at 90th or 50th percentile of intelligence? Those two people can make the same choices, say majoring in CS, with very different outcomes.
How do you reward choices under those conditions? You could pay only for the results you like. But we pretty much already do that. What else is there?
This is like a just world fallacy episode 2: the world may not be fair but surely we can make it so.
The choices you make are heavily influenced by factors you lucked into, like intelligence, family, culture. And the choices you are presented with are even more influenced by your country of origin.
It's not just outliers. What do you do at 90th or 50th percentile of intelligence? Those two people can make the same choices, say majoring in CS, with very different outcomes.
How do you reward choices under those conditions? You could pay only for the results you like. But we pretty much already do that. What else is there?
This is like a just world fallacy episode 2: the world may not be fair but surely we can make it so.