80 :20 rule

hi ravisivan I had seen those statistics before but never thought about mylotting being the same way. Ido know I am not in the twenty percent that have 80 percent of the wealth,lol but I mylot a lot as I am retired and found mylot and loved it here. I make some money but whats even better is that I have made so many great friends and enjoy discussing and commenting and even making a few discussions of my own here. I am in the lead as you can see for yourself. there are others hot on my heels however so Iam no longer lonely at some forty thousand points. lol lol

It is the same as everyday offline life. See we have tons of true friends but we don't really see them that often. Perhaps my percentages will be off but don't we sort of see the same hand pick people routinely and though we love and care for so many others we perhaps do not see them for a year or longer. So same theory, that although so many care and love us offline they do not take the time to see if we are doing okay as often as perhaps we make ourselves available to be seen, and vice verse.

Gosh I skipped this at first as I thought it was going to be complicated but now that I have read to the end, I see your point. It would seem that the same faces/usernames appear over and over again but, we only see those who are participating in the discussions. Possibly only a small minority are actively participating regularly in thm but that does not mean that the majority are nowhere to be seen. I created a task 24 hours ago and I have seen many users complete it that I have never ever seen taking part in the discussions. Therefore I agree that many are missing but they are contributing to myLot, just in another way and not where we can see them

It's funny to look at the examples, but the sad an unfair truth is that the principle is true, there are very few people with a lot of wealth and millions are hungry and can't feed their children. I also noted the discussion creation percentage, but I don't find anything bad with that. While 20% of members start most discussions, the other 80% gives most responses too, it's just a matter of who likes what, some prefer starting discussions, other like responding. A few other examples of the law I can think of on the fly: "80% of computer users use 20% of their computer capabilities" "80% of men do only 20% of the homekeeping chores"

Your discussion is good and bit deeper... Anyway it is true here in mylot as other mylotter says.. but the big question is where we can start and where they are... those populations are just roaming around do nothing... Am I right.. What do you think the best way to solve... see you around

In united states alone, 1% are wealthy and 99% are poor or live in the so called middle class and lower class. Below lower class is just bad pure hunger and dyng people. The 80:20 you are referring to, the 20% includes the middle class. Of the 20% probably probably less than 1/10 of 1 percent is rich. Here's the shocker, that 1/10 of 1% that is considered rich of the rich, probably holds 99% of the wealth in the world. World is unfair, people are unfair. It's I would believe to be human nature just to be naturally greedy and need for power. Anyways i'm not sure if i answered your questions Ha ha. But the world is not a fair place. So when you can help those that need your help. Cheers.

I have read that 80/20 rule somewhere...thanks for reminding.

All statements are true. Well I could say in case of wealth it could be even 90:10 if we consider India alone. Coming to other areas the principle of work is accurately predicted by you. Well, if more people work the unemployment figures jump up, isn't it.. In case of my lot discussions, responses I find there are enough of them making rounds. If more members enter the fray the quality standards may drop and members may not find time to look into all. If it is 80:20 here it seems quite OK for me. The procession goes on.

unless mylot site owners show up the percentage of active people in starting and discussing here we can not say anything ., however i agree to your point as now in India many govt employees are with VRS and lot of burden to the people who work in the govt sectors. Private sectors too have this phenomenon .,however who do not work are taken off some day out.

I really love this rule. It sounds good and practical in every ways~ It can be both- revealing the good or bad effects~ I like it so much!

I agree! I do see the same people on here creating the discussions and participating, but that's how it is in the real world! I do see the whole 80:20 percentile thing in my work at well. It is actually quite aggravating! Especially when you're the 20% of people working your butt of!

Is a building steadier if the bottom is wider than the top? If so, then the 80:20 Principle sounds sturdier; the ones who do the least have the most to lose.

Absolutely correct. It works in many phases of life. In sales we use the same concept too. We say that 80% of the sales are made to 20% of the clients. You are correct when you say that it applies to other facts of life. It surely does. I know a lot of them.

Hi ravi I am totly agree with your world. 20% of people capture 80% of wealth. But they have a tolls to do so. I am also dreaming to become the part of 20% that kind of people. But I dont have pawerful tolls.I am trying hard to achived. If you have some idea please share with us

when i entered the world of management, i was fortunate enough to be mentored by someone who had a rudimentary knowledge of the 80 20 rule. this rubbed off on me because i idolized him. through the years, just through listening completely to people, i was able to help resolve issues (with their help of course) 80 20 should be practiced by everyone

excellent point regarding mylot. although sometimes i think 90% of discussions on my friends list are started by 10%!

One of the basic things of 80:20 rule is 80% of our results we get is from 20% of quality effort we put into it.So we can use it any way but this was the main concept of 80:20 rule.If we base our life on it we will definitely soar.