Old topic, different look, maybe (Money = work/knowledge )

In summary, the conversation discusses the relationship between time, money, and knowledge. It is stated that time is valuable and that knowledge is a source of power. The equation Power = Work/time is introduced, leading to the conclusion that Money = work/knowledge. However, another individual argues that this conclusion is incorrect, and that having more knowledge can actually result in keeping more money. The conversation then takes a humorous turn with the mention of mixing apples and oranges and the use of a math analogy to explain the concept. Finally, it is mentioned that this topic has been previously discussed and the conversation is closed.
  • #1
Alex_Go
1. Time is money
2. Knowledge is power
3. Power = Work/time

Therefore;

Money = work/knowledge

"which proves the less you know, the more money you get. " seems like a wrong conclusion
shouldn't it be [...] which proves the more you know, the more money you get to keep, instead?
I mean, there's always someone out there to get you, and not all work is a positive number, so...
 
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  • #2
You are mixing apples and oranges, so naturally your conclusion is bananas
 
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  • #3
Sounds like something formulated by Dr. Abbot and Professor Costello.

--diogenesNY
 
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  • #4
phinds said:
You are mixing apples and oranges, so naturally your conclusion is bananas

I know how to do this! Find a set of apples and oranges. Take the free vector space on this set of apples and oranges. Now apples and oranges can be mixed, i..e, it is possible to take linear combinations of apples and oranges.
 
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What is the concept of "Money = work/knowledge"?

The concept of "Money = work/knowledge" is a theory that suggests that the amount of money one earns is directly proportional to the amount of work they put in or the level of knowledge they possess.

Is there evidence to support this theory?

While there is no concrete evidence to prove this theory, there have been studies that show a correlation between education level and income, as well as between work hours and income. However, other factors such as privilege, discrimination, and luck can also play a role in one's financial success.

Does this theory apply to all industries and professions?

It is difficult to say whether this theory applies to all industries and professions, as different fields have varying levels of demand and value for certain skills and knowledge. However, in general, having a strong work ethic and a high level of knowledge and expertise can lead to better job opportunities and potentially higher income.

How does this theory relate to the concept of a "wage gap"?

This theory can be related to the concept of a "wage gap" in that it suggests that individuals who have more work experience and knowledge may be able to negotiate for higher salaries, while those who are less experienced or have less education may be limited in their earning potential.

What are some potential drawbacks of this theory?

One potential drawback of this theory is that it does not take into account systemic barriers and inequalities that can prevent individuals from earning higher incomes, such as discrimination and lack of access to education and job opportunities. It also does not consider the value of unpaid work, such as caregiving and volunteering, which can greatly contribute to society but may not be compensated with monetary rewards.

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