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Is it the Wealth Gap that’s bad or the Empathy Gap that comes with it?

There’s a a really interesting discussion unfolding right now between Paul Graham and Tim O’Reilly on the Wealth Gap and whether economic equality is really a bad thing per se. I used to believe that...

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Hasnain says:

"And yet eight years later I did basically exactly the same thing myself. I was back in San Francisco. This time though I was there as an advisor to the Entrepreneur First cohort. These were all 20-something, first-time, unfunded entrepreneurs. I’d organised for us all to go out to dinner in the Mission. We weren’t at a particularly expensive place but when the bill came, every single one of the fifteen people there wanted to split it item by item. I found it intensely annoying to end the meal in such a tedious way and dismissed it suggesting that we just divide by the number of people.

But then I remembered that each of them was only making about $3,000/month. They had to use that money to fund both both themselves and their companies. Meanwhile I was making $1,000/day contracting. So whether I was up or down on a $30 meal didn’t really matter to me. I wasn’t empathetic to them."

Posted on 2016-01-27T08:07:03+0000