| What about ones perception of being able to improve their life? What of opportunity? hope? These are human beings after-all, they perceive such concepts as integral to their reality. In the post-war period prior to the 70s, it was (more) common and reasonable for a high school educated factory worker (in the US) to have optimism in their ability to work in that role and improve their state of affairs. Afford to buy a home, pay off the mortgage, buy a car, provide for a couple of kids, send one of them to college, drive to a national park for an annual vacation. Nowadays, one can be both lucky in terms of their upbringing and be highly educated (post secondary or even advanced degrees), and yet very easily find themselves in a position where the above "life staples" (house, car, family without poverty) are meaningfully out of reach. And in many cases, not even conceivably within reach. It's not merely that housing in major cities is objectively less affordable, it's that the stage upon which life is lived has changed in it's nature. It's a perpetual sunset rather than sunrise, optimism is either for suckers or for those who mischaracterize a certain degree of background luck as merit. I'm in the lucky category. But I think when we boil down the collective subjective experience of hundreds of millions (billions?) to broad metrics and indicators, our models lose the fidelity they need for the subjects to feel they are being taken seriously. I understand why we have these models and tools for better navigating the civilizational state-space, but they're obviously imperfect, and they're of little comfort when serious concerns go unacknowledged (let alone unaddressed) for decades. Now it's possible that CEO pay is orthogonal to all of this. Perhaps as a measure it's one of the metrics that loses too much descriptive power in it's generalization... but it certainly does reek of something. |