Exploring the Great Education Inflation and the Hidden User Paradox
This week, we explore the Great Education Inflation of 1980-2020 and the Hidden User Paradox of social media. We also look at Elon Musk's views on education and how it is like going to the cinema.
George Mack
The 0.1% of ideas I think — or discover in rabbit holes. Get access to the best ideas I've found for free here: https://t.co/q33ixsFPbq
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The 0.1% of ideas this week
— George Mack (@george__mack) June 18, 2023
The rabbit holes -- without the distractions
7 examples: pic.twitter.com/IvUP8qNAg0 -
1. The Great Education Inflation 1980-2020
— George Mack (@george__mack) June 18, 2023
Inflation: 228%
Cost of college: 1184%
Why? pic.twitter.com/Dap31GvuV3 -
2. The Hidden User Paradox
— George Mack (@george__mack) June 18, 2023
You don't notice how many users don't post because they don't post.
Social media creation follows an extreme Pareto principle. pic.twitter.com/1YOfnVBRZz -
3. Elon Musk on education in 2013
— George Mack (@george__mack) June 18, 2023
Imagine if every time you went to the cinema, the blockbuster movie was performed by local actors.
That's what the education system is like. pic.twitter.com/QbTncQAvSG -
4. The Video Game Industry
— George Mack (@george__mack) June 18, 2023
The video game industry is bigger than TV, Music and Film combined.
My weird belief: Video game designers know more about human psychology than 99% of psychologists. pic.twitter.com/odvMP59rbU -
5. Cummings Razor
— George Mack (@george__mack) June 18, 2023
When confused by politicians' decision-making -- remind yourself of this tweet.
They rarely use metrics or dashboards to guide decisions like CEO's.
Instead, they react to random news stories each day. pic.twitter.com/XNrdu6lNsF -
6. Calendar-Priority Alignment
— George Mack (@george__mack) June 18, 2023
When Keith Rabois (@rabois) meets with a new CEO, he asks to see:
1. Their priorities
2. Their calendar
They rarely match.
So simple. So obvious. Rarely ever done. -
7. Amazon = Biggest Advertiser Ever
— George Mack (@george__mack) June 18, 2023
Amazon spent $20.2 billion in 2022 -- making them the biggest advertiser in history.
The craziest part?
Amazon made more money from it's own ad network ($38 billion) than they used to break the advertising world record. pic.twitter.com/1u7vEXBnd3 -
If you enjoyed this, I put together the best ideas I've ever found for free here:https://t.co/t2Vera8xFw
— George Mack (@george__mack) June 18, 2023 -
If you want a full breakdown of Amazon's ad spend -- it's here:https://t.co/wZV2JZ9ArD
— George Mack (@george__mack) June 18, 2023