how does one identify "talented young people" at the scale of an economic indicator?
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I don’t know what’s best, but here’s one way! (Source: https://www.amazon.com/Gift-Global-Talent-Migration-Business/dp/1503605027 ….)pic.twitter.com/RUNKX3tr6G
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Outlier talent is difficult to quantify.
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Outlier talent is also not constant in time. Someone might struggle in school and then do genius things later.
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Agree -- although I worry that identifying a measure for talent could be quite challenging. Educational attainment is a problematic proxy as it will systematically undercount lower income talent (and talent that is not predicated on academic training).
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But our economy isn’t good at monetizing lower income talent.
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Just track the growth in concentration of La Marzocco espresso machines in a given zip code.
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Some criterion for good indicators: 1) simple to measure (parsimony) 2) simple to understand (interpretability) 3) has some predictive power (relevancy)... if someone invented an indicator with these properties, it could be useful.
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All the talented young people joining Stripe's remote engineering hub wouldn't show up anyways. Selection problem.
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Related: Bill Bishop's "The Big Sort"
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