competitive strategy, quality improvement, statistical methods, evaluation research, philosophy of science, critical thinking

Time and Money

This post was written by John on December 27, 2008
Posted Under: Statistical Thinking

I’m not sure where I picked this up. But, with all the talk about salaries/bonuses, etc., I thought it appropos. I didn’t write it (wish I was that clever) and that’s all I know. I would attribute it if I were able to.

Dilbert’s “Salary Theorem” states that engineers and scientists can
never earn as much as business executives and sales people.

This theorem can now be supported by a mathematical equation based on the following two postulates:

1. Knowledge is Power.
2. Time is Money.

As every engineer knows

(A) Power = Work / Time

Since:

(B) Knowledge = Power

and:

(C)Time = Money

It follows by substitution that:

(D) Knowledge = Work / Money.

Solving this equation for Money, we get:

(E) Money = Work / Knowledge.

Thus, as Knowledge approaches zero, Money approaches infinity,
regardless of the amount of work done.

Conclusion: The less you know, the more you make!!!! icon smile Time and Money

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  1. Time and Money « yes and…  on December 28th, 2008 @ 2:29 am

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