After working in tech in Silicon Valley for 9 yrs (’84-’93), I went into academic econ. I figured that when tech folks sought out econ academics, my tech background would give me advantage. But it hasn’t turned out that way, & someone recently explained why to me.
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Tech was once not that respected, & mostly full of nerds who were just way into tech. But then tech rose in status & income, & was invaded by top school kids seeking such things, who took over the top slots. These new kids didn’t much respect older tech folks from wrong schools.
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They cared less about your tech experience than your status symbols. So these new young top school tech folks put a big premium on youth and top school status, of which I had neither. End of story.
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Btw, I'm told this is why woke stuff has such a hold on tech. It wouldn't do well among the previous kinds of tech folk, but top school kids eat it up.
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