Pretty interesting way of looking at it 😂

16K likes, 98 comments - richspalding11 on August 8, 2024: "Billionaires pt. 1

Come see my Edinburgh show please.
Pleasance Courtyard, The Cellar, 9.15 all of August.
Ticket link in bio.

#comedy #edinburghfringe #standup #buzz #billionairesclub #hustle". 

Richard on Instagram: "Billionaires pt. 1

Come see my Edinburgh show please.
Pleasance Courtyard, The Cellar, 9.15 all of August.
Ticket link in bio.

#comedy #edinburghfringe #standup #buzz #billionairesclub #hustle"

We're all owned by millionaires and billionaires

Generalist

We're all owned by millionaires and billionaires- Grapevine

Welcome to Indian Startups's Private Community

There exists a 30:40:30 split where the scale indicates low to intense ambiguity of outcomes. 
It is also understood that the same is correlated deeply with the compensation that these folks earn, with the exception of top 10%ers within each job function who earn great regardless.


1. 𝗧𝗵𝗲 𝗕𝗼𝘁𝘁𝗼𝗺 𝟯𝟬%:

About 20-30% of white collar jobs are absolutely menial that relies purely on a human in the loop model, where the role of an individual is limited to point and click on a screen. Jobs like this could be something along the lines of compliance, inventory tracking, etc. where approving a certain decision relies on a human. 

These jobs are among the most susceptible to automation, even without advanced Machine Learning. Perhaps, it's a matter of trust. People prefer human accountability over machines when it comes to decision-making, due to an intrinsic trust in humans over machines.

𝟮. 𝗧𝗵𝗲 𝗡𝗲𝘅𝘁 𝟰𝟬%:

Around 40% of jobs fall into a middle ground: they involve interaction, file management, and value creation but remain somewhat detached from core decision-making. These roles are often found in Big4, WITCH, large MNCs, and marketing/advertising sectors, representing a standard job that offers a decent income and work-life balance, though the level of fulfilment can be debated. 

Typically, those in this category have moderate personal ambitions or high ambition with a low risk appetite. 

𝟯. 𝗧𝗵𝗲 𝗙𝗶𝗻𝗮𝗹 𝟯𝟬%:

This is inclusive of folks who are either:
        A. Work on the cutting edge in their respective fields.
        B. Run enterprises.
        C. Work in well run companies and took exceptional risk

Almost exclusively they work/studied in STEM related fields and coupled it with smart risk taking. It also consists of folks who thrive in ambiguity and have the intellectual horsepower to drive outcomes in uncertain environments.

I posit that our positioning within this tier-list determines our outlook towards life and work.

𝗧𝗵𝗲 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗪𝗵𝗶𝘁𝗲 𝗖𝗼𝗹𝗹𝗮𝗿 𝗝𝗼𝗯𝘀 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮

Product Manager

Welcome to Personal Finance's Private Community

The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - 
https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-takes-to-be-in-the-1-around-the-world/articleshow/74057315.cms

Now, based on new data, you need to have assets of around $175k. Approx 150% rise in 3 yrs! Link for the same -
https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html


Is anyone here in top 1%?

What it takes to be in Top 1% of India

Consultant

Instead of giving offer then charging it on payment page, they charge no convenience fees.
lowest headcount
lowest advertisement
40% CAGR
80% repeat customers
in-house call center
Partnered with local agents

Zerodha of travel industry

Software Engineer

Welcome to Office Gossip's Private Community

Nvidia Millionaires

Welcome to News Discussion's Private Community

What are our options if congress for some reason comes to power ?.

I have heard stories how the land was taken away from people and given to someone because they politically close to them during Indira Gandhi time . Any ideas how we can protect myself from this crap of policy that congress is planning ?

What are the options ? Wealth distribution scheme

Principal Engineer

Being self-aware, I understand how privileged I am. In spite of whatever is happening in the startup ecosystem, most of us are extremely privileged. 

WFH when it rains or when you are not in the mood to come to the office. 

Salary comes on time

Have AC homes and offices

Delivery apps like Zomato, Amazon, Big Basket to get so much work done. 


I feel extreme levels of guilt when I see blue collar folks slog themselves throughout a day to get meagre pays. Sure, their work is not intellectually challenging but extremely physically challenging. The kind of physical activity that they have to do irrespective of what weather it is just pains my heart. 

I know that this divide has been there for centuries and will remain in the future too. I try to help them wherever I can. This is a problem that for sure cannot solve for everyone ever. 

Want to understand how I can overcome this guilt that I have?

How do you folks overcome the guilt of privilege that we have compared to blue collar folks?

Business Development Manager

Let me explain, managers or senior folks who reply/slack/email or do any form of communication outside working hours and especially over weekends… I hate it. If u do it without the counter party explicitly expressing such urgency then you are way worse. 

Just because their current lifestyle or situation allows them to do it… They do it without a second thought. They do not realize that this sets the benchmark or expectations for others who may not be able or like to do same. 

You might say they’re not coercing others to do it then what’s the harm? Well this little thing is what sets the chain reaction to unhealthy WLB. The stakeholders or their heads get the wrong impression and create unhealthy expectation from others. This is just a rant and if u are such a person… Stop doing it without thinking of its unintended consequences.

Hate can do attitude

Haan toh bhai tu mat kar 
 They reply at a time that works for them- you set the right expectations for yourself. Unke response time se teri expectation setting kyu change hogi?

Marketing Manager

Are we at the peak of idolizing entrepreneurs?

Product Designer

I’ve seen posts and memes all over social media on the recent titanic sub disaster. I realised anytime someone rich and successful is going through something bad everyone likes to laugh at it or they seem to celebrate it. 

Even when rich people do something for themselves we have the SJWs saying they could’ve end poverty , done this or that but the thing is it’s their money it’s up to them to decide what to do. We’ve got governments to look after the welfare of the people. 

Why hold rich and successful people accountable ? The argument can be made for normal people like you and me as well? 

Why stay in a posh locality in a good house when you could stay somewhere cheap ? Why use an iPhone rather than some ordinary one ? Why have investments when you can invest in on people ? Sounds dumb doesn’t it? So let’s just consider rich people as humans and not heroes or villains with what they do with their wealth.

Why do people hate rich and successful people

Assistant Manager

Don't worry, none of us belong to the so called Wealthy class. It's about 0.001 percent. May be 50 individuals max in a poor country like India.  
  
"The biggest inequalities in life occur at birth. Some are born abysmally poor, some rich beyond imagination. This has nothing to do with their hard work & has no moral justification. This is the reason why an inheritance tax to curb inequality is a must in any civilized society."

We're all owned by millionaires and billionaires

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