Do I like aliteration? Yes, I do. Anyhow, if you’re reading this you likely are a genuinely educated person so there is a good chance that you may have heard of the Pareto Principle and Price’s Law. Both are attempts to quantify unequal distributions. In the case of the former, it was originally used to describe how 20% of the population in the society under study controled 80% of the wealth. Price’s Law says that 50% of the work on any project is done by the square root of the total number of people who participate in the work. It’s easy to see that once you get past four people in a group, a minority will be responsible for most of the work. Both of those statistical concepts are probably the basis for the better known “20/80 rule”. That’s sometimes expressed as 20% of the people do 80% of the work, but I prefer the version that says that 20% of the people do most of the productive work while the other four-fifths mostly just take up space.
Pareto, Price, and Passover
Never quit ronnie .
-Nate