are the highest earners the smartest new study suggests not
Last updated on February 25th, 2023 at 07:51 am
The highest earners may not be the workers who are the smartest, according to a recent Swedish study, published in the European Sociological Review last month.
The research found that higher general intelligence had correlations with higher salaries – but only up to a threshold of about $57,300 a year. Beyond that limit, ability plateaus as remunerations continue to increase. And earners in the top 1%, the study further mentioned, score slightly worse than those in the income tier directly below them.
The study was led by the senior associate professor for analytical sociology Marc Keuschnigg at Linkoping University in Sweden.
There is currently no evidence that workers receiving extraordinary wages are more deserving than those who earn only half those remunerations, wrote the authors of the study, adding “family resources or luck” are more likely the triggers behind extreme occupational success than ability.
The research took the cognitive ability of more than 59,000 Swedish-born men at the age of 18 or 19 and their remunerations between the ages of 35 and 45 under analysis. The study was based on a standardised intelligence test Swedish men are required to take as part of compulsory military service.
Since military service was not mandatory for women and immigrants when the initial data for the research was recorded, the groups were not included in the study.
The research didn’t take into consideration motivation levels, superior social skills, and the other noncognitive abilities that are likely to help workers grab high-paying jobs. Moreover, the brainiest people may not always opt for the best-paying job over a relatively more interesting or rewarding role.
Still, Keuschnigg sees the lack of a correlation between general intelligence and remuneration at high levels as a warning sign about deepening income inequality between the ultra-rich and the rest of society.
Since decisions made by top earners affect a lot of people, society might prefer having the right individuals in these top positions, he further added.
Also Read:- WHO Reports That One Woman Dies Every Two Minutes During Pregnancy
The New Jersey rail workers ended their strike after three days when the Brotherhood of Locomotive Engineers and Trainmen (BLET)…
The Philippines has announced its addition to a long list of countries that are welcoming remote workers with the launch…
As a moving tribute to the migrant workers that have been a part of Singapore’s development, over 60,000 meals were…
Vodafone Idea has strengthened their financial crisis by approaching the Supreme Court of India after being denied by the government…
In a major financial relief to government staff and pensioners, the Bihar government has sanctioned an increase in Dearness Allowance…
The skilled foreign workforce in Canada now faces increased uncertainty after new regulations for the TFWP (Temporary Foreign Worker Program)…
This website uses cookies.
Read More