The Peter Principle (1974) [video]
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More seriously though... there is clearly some truth to this kind of thing. Not to mention, fiat currency doesn't help since much of your worth is no longer measured by how competent you are but how much paper you can redirect.
Another truism seems to be Parkinson's Law where "work expands to fill the time allotted for its completion". (1)
But I fail to immediatelly see the causal line between fiat money and paper pushers. Are we saying paper pushers did not exist in gold times? That doesn't seem likely. And even if we put forward that there are a lot more bullshit jobs than before, productivity and Automation seem to intuitively account well for it. Can you help elaborate on the linkage?
I guess the crazy part is, fundamentally, I'm being serious. If you need to dig into the ground to get your money, and can't just print more by pressing a button, human nature will make you less profligate.
Do you find that to be crazy? Unreasonable?
1. Paper money vs fiat money : most economies were fully paper money decades before switching to fiat. Fiat did not meaningfuy change the daily manipulation of money (and today we are largely digital).
2. Paper pushing vs money handling - I think paper pushing even in literal sense existed hundreds of years ago e.g. Various administrative tasks in the Ottoman empire, if not thousands years ago in Roman empire, let alone catholic church etc.
3. Value generation - you can still dig for gold today to obtain money; but long before fiat it was not primary method of value generation for superlative majority of population. In other words we handled paper money, pushed paper administratively (literally and figuratively), and mostly stopped digging for gold long before fiat.
As far as #2 is concerned, I don't contend that "paper pushing" or "busy/BS work" didn't exist in hard currency environments. What I'm suggesting is that the proportion of it increases with a fiat currency. Specifically because profligacy is normalized.
Perhaps if we compare the public sector size of individual countries with their debt/gdp we'll see a correlation?
And, to address #3, although a person can still dig for gold to get money... there's no obligation (law) that makes anyone accept it as payment. And, more importantly, you can't pay your taxes with it. Which means gold (or any other unofficial/alternative currency) has an inefficiency imposed on it by the state. So your final point seems incomplete and therefore inadequate in disputing the hypothesis.
Bear in mind, I'm not completely sure myself... it's mostly my intuition. Another reply contends that the root cause is over-financialization which, to me, is also fair. That'd imply fiat currency was merely an artifact. Determining attribution can certainly be challenging - as they say - correlation does not imply causality (-:
So, I'm just trying to think it through in a simple, constructive manner to explain the perceived anomalies like massive wealth disparity. Which, I'd guess has grown significantly since the start of civilization.
I assume you think there's always been a relatively constant amount of "paper pushing" or so called "bs/busy" work? What makes you say that? Or are you just assuming that's a base case? Is it plausible that in ancient times people could sit around and do nothing without suffering a quick death from the elements?
How can we explain the ever increasing pay/wealth gap if some people aren't accumulating wealth for doing less "work"? Did the variation in human ability increase over time? I guess that's a possibility. And I find that there's never a single cause when trying to explain complex phenomenon. Nonetheless, it's an interesting exercise.
¯\_(ツ)_/¯
Finance, through accounting, is the original paper-pushing field. Some level of it is helpful, but it's very easy to invent busywork too, start requesting more metadata about the work of others, and create jobs that are fundamentally not about doing the thing, but just about observing the thing being done.
Not even observation in a particularly useful sense, but just because someone was curious what work looks like from this and that angle. And instead of actually doing the work to find out what it looks like from multiple angles, there's this whole hierarchy of people who just observe each other and get paid boatloads for it.
More likely just professional ass kissers though.
I’ve interviewed a shocking number of “senior engineers” with seemingly impressive CVs who nonetheless could barely pass fizzbuzz-level coding tests. One even called me out on it, saying he was “insulted” to be given a coding test with his 20 years of experience. Bet he got hired as a principal engineer at a place that wouldn’t deign to give coding tests to people claiming 20 years of “proven industry experience.” (Thank goodness our policy is to give coding tests to every single applicant, no matter how senior!)
This reduction to "things I can understand, while I am watching" demonstrates the paternalism of a simpleton while wasting the time of valuable people.
Likewise, it is so easy to do fizzbuzz that if someone who claims to be a senior developer cannot do it, it is a good sign that they have lied about their experience, and have wasted my valuable time I spent interviewing them. Thankfully, I managed to catch them before they could waste the even more valuable time of my team.
[*] at a basic level; mudding and taping sheetrock to a smooth surface is actually quite difficult
Secondly, a colleague in California, another twenty veteran coder (like me) told me that he recently took one of these interviews we are talking about, and his first reply to me was "It does seem designed to disadvantage senior coders" .. his words without prompting.
Tons of the context here (and verbal pugilism) is about the human interaction and not the skill set. You may be flooded with fakers, and I may have no time for being treated like a truant at the Principal's office.
> companies tend to systematically promote incompetent employees to management to get them out of the workflow.
But I recommend to ask the individual what he/she would prefer. Some really want the responsibility and are happy to help others doing a better job, and some others prefer to get regularly monetary recognition because they do a great job without a permanent pay raise.
Is that the case, or is it just coincidence that his examples all relate to people being promoted into managerial positions?
As an extreme example, suppose the spectrum of software IC spans writing simple CRUD apps as a Junior Engineer to singlehandedly writing qemu and ffmpeg as an 10x Rockstar Ninja Principal Engineer. At some point most people (who aren’t Fabrice Bellard or John Carmack) will be promoted into a role where they simply can’t keep up intellectually.
Given that he’s posted telecom-related software to his personal website [1], I am sure that he is the sort of CTO who still also acts very much as an IC.
(If I could find that video online I'd link to it. I'm having no luck and I can't be bothered to go digging for the DVD...)