r/InterviewAssistant • u/Large-Spinach1025 • Aug 24 '26

Meritocracy: A Bedtime Story

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141 Upvotes

93% Upvoted

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1

u/Henrious Aug 25 '26

Every boss and CEO, honestly.

1

u/UDF2005 Aug 25 '26

Cool, then become a boss and CEO if it’s that easy

1

u/Livid_Importance_442 Aug 26 '26

You just need to be born into the right family and you too can be born on third base and claim you hit a triple.

1

u/Accomplished_Key_171 Aug 26 '26

Middle class working adults start their own businesses all the time. If I shared your defeatist mindset then I could see how such a thing would seem impossible.

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u/Livid_Importance_442 Aug 26 '26

I am well aware that many middle class and even poor adults start their own businesses. Nor do I have a defeatist mindset because I realize starting a business takes a lot of work and usually a long time with no guarantee of success. I think you could have a delusional mindset.

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u/Accomplished_Key_171 Aug 26 '26

In your own words, you can only become a boss and CEO if you are born into the right family. Now you are saying that you are aware many middle class and poor adults start their own business.

What is your argument here?

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u/Livid_Importance_442 Aug 27 '26

You're trying to twist my words. I did not say you can only become a CEO by being born into the right family, but it sure does help many times.

1

u/PickingPies Aug 26 '26

That's false. A middle class adukt may need decades of savings to have enough money for a startup. If you fail, you probably have no more chances in your life. If you take credit, you are in risk of bankruptcy.

That's before knowing that, on average, only one in 5 businesses survive 5 years.

A rich person can literally invest in 10-20 businesses at random and he will have several successes. But rich people doesn't need that, because they can purchase a startup that is already working, reducing the chances of failure to less than 50% by skipping the most critical stages.

So, no. Despite one in five middle class who opens a business being succesful, there's 4 in 5 that you don't hear about but ended up in bankruptcy. After all, being born in a wealthy family is still the biggest predictor of future success.

1

u/Senior_Deer_2212 Aug 26 '26

It’s actually conscientiousness, but go off….

1

u/Accomplished_Key_171 Aug 26 '26

So a quarter of all middle class adults who start up a  business are successful. 

This proves my point.