Thursday, May 3, 2012

All the Children are Below Average

New research suggests that the canonical bell curve doesn't accurately characterize human performance. We aren't a small group of low performers, a small group of high performers, and a large group of average folks doing most of the work from the middle. In fact, in many areas, a small number of very high performers produce a disproportionate percentage of all output; the mean is much higher than the median.

In other words, in a meritocracy, the emergence of The One Percent is expected, and not just when it comes to finance.

What are the implications for our democratic values?

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