Subsequently, it has been used to explain a variety of situations and circumstances such as:
- 80% of the wealth is held by 20% of the people
- Only 20% of our graduates will be successful
- 80% of the population can be easily manipulated
- 20% of our career will provide 80% of our net worth
- 20% of our employees will control 80% of our employees
- Only 20% of Americans will become wealthy
- 80% of all Americans will be followers not leaders
Fortunately, or unfortunately, the Pareto Principle has been proven correct 80% of the time. And it is for this reason that it is constantly being used by people in a management position.
What does that mean for the rest of us?
- We will never be wealthy
- We will always be followers
- We will be easily manipulated
- We will never be as successful as we want to be
- We should accept our loser positions
- We should pick our leaders well
- We must see life as more than just wealth/power
- We must understand that 20% will always be better
- Government equity programs will not change anything
Once we understand what we are and what we will never become, we can accept our position and learn to find happiness with what we have. Spending money to make it look like we are wealthy will simply get us farther and farther into debt.
Many of us turn to religion because religion teaches us that life after death will be better than our current life... However, life after death will never be living like we are living now - at best it will be in spirit form without substance. True, spirits will never get serious diseases or experience pain, but I am not sure what kind of relationships spirits will have with each other...
But, since I am in the 80%, I might be wrong.
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