[Tactician_mark]

There's a great Veritasium video about this. The idea is that if there are far more applicants than positions, then even if luck plays a small role - say, 5% of the outcome - successful applicants are overwhelmingly likely to be extremely lucky as well as highly qualified. Since so many people are close to that 95% competence factor, only the luckiest - by whatever metric of "luck" you like - can succeed.

[r00fus]

Sounds like the hiring policy of one of my VPs from a job long ago (during a recession)

(As he dumps half of the hundreds of résumés into the recycle bin)

“Unlucky people don’t work here”