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btrettel

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Are finanicial sector profits primarily reflective of real value created?
Is there an occupation where he can definitely create more value for society? To work from this example, yes, I do think this person has better opportunities. Finance in my view is one big lottery. The person in your example can't be very ... read more

Are finanicial sector profits primarily reflective of real value created?
Forgot one point in my reply. One poll on prestige suggests that engineers are seen as more prestigious than professional athletes. Prestige and value are not the same thing, but I thought I'd point this out ... read more

Are finanicial sector profits primarily reflective of real value created?
I think this depends greatly on other factors. Basically everyone would agree an EA working in finance who is earning to give is better than a more selfish investor. The composition of investors certainly is relevant to the original question about ... read more

Are finanicial sector profits primarily reflective of real value created?
It is not necessary for us to agree on what actually is useful, but I imagine almost everyone would agree that there exists other activities people working in finance could do which would be more valuable in some sense. Again, two people might not ... read more

Are finanicial sector profits primarily reflective of real value created?
What is clear to me is that most people working in the financial sector could do more valuable work elsewhere. So in that sense, no, I don't think financial sector profits reflect real value given that folks working in the field could do ... read more