Thursday, August 31, 2006

If You're Young and Not Left

you have no heart.

Being a lefty, an inevitable groan arises when faced with the comment "lefthanded people are more intelligent/creative/weird" from people using it as some sort of desperate conversation starter. The countless stories or assertions by enthusiastic mothers have trained me to be desensitized by these comments, despite the amount of truth or falsehood it consists.

Turns out that according yet another recent study by economists (supposedly trained statisticians), lefties (among college graduates) really do earn more than their peers.

Most "normal" people out there are probably thinking, "What a load of bs." Levitt (author of Freakonomics), a righty, thinks likewise:
Because I am not left-handed, I have never taken much pleasure in the endless parade of studies, articles, and anecdotes about how left-handed people are better at everything than right-handed people.
What's more, tall people also have an above average salary not because of societal preferences, height dominance or self-esteem building, but simply because they are - smarter (according to this study).

What a load of crap. I (6' lefty) will be the anomaly that proves the rule.

...if you're old and not right, you have no brain.

Tuesday, August 29, 2006

When I Look At The World...

You have dreams. You have ideals. You want to help. You want to make a difference.

That's all you ever wanted. Heal the world. Or just do something. Feed the malnourished. Vaccinate the sick. Educate the illiterate. Lend a hand to the handicapped, the elderly, the socially disadvantaged, the unfortunate. Give a leg up to immigrants, refugees, minimum wage families, the unemployed. Sounds so good and altruistic, doesn't it?

Well, it never is as easy as it sounds. Nothing ever is. I certainly haven't heard of anything that is. Perhaps I'm just skeptical. I used to be idealistic, in the not too distant yet already far away past. I still am, but reality runs you over, mashes you up the way a bullet train grazes through hamburgers.

Selling girl scout cookies? Raising money for a breast cancer fund? Keeping old people company? Doing immigrant children's homework over the phone? Maybe it helps. Maybe it doesn't. And I'm probably leaning towards the negative. Why?

3 reasons: high OC, dramatic BP, and often unattractive LES.

Opportunity Cost - volunteers waste an exorbitant amount of their talent and time in the process of charity work. Smart volunteers could usually effect more change through the inherent job nature or simply by donating their high wages The humanitarian efforts are worth something if and only if the program or project is run in an extremely smooth manner - which rarely happens.

Bureaucracy & Politics - charity organizations, like any other sizable group, have plenty of administrative problems to worry about, yet they lack the quintessential incentive to maximize productivity since they are often non-profit parties. They usually attempt to have many layers of decision-making in order to divide up the labor, yet more often than not result in completely pointless job titles and altogether ineffective governing.

Leadership Efficiency Scale - only idealistic yet intelligent people can mold volunteering into a worthy (aka profitable) venture. And those people choose (based on  the 1st reason) to contribute through other channels, perhaps due to the high level of investment (and low return) required at the beginning stage. Moreover, resources (both human and monetary) are almost never devoted in the most efficacious way possible, where help is needed the most or where the most help can be done. Even charity follows 'Economies of Scale'.


My lesson from Pinghu : Summer 2006.

Compassion alone is not enough.