- Aug 4, 2005
One of the principles all these doomsayers and their models ignore time and time again is Pareto's Principle.The reality is that many 'older' South Africans have advanced education, training, and experience, but limited job opportunities, or at least occupations in which their skills are fully utilised.
In the absence of coherent information from the government (until recently), it is natural to look at data independently and come up with some answers, or at least cast a critical eye on outlandish projections.
The first rule of any mathematical training (engineering, actuarial, etc) is to be able to make ball-park estimates to validate your calculations. If your computer program comes up with 2 + 2 = 4,000 you immediately know there is a mistake.
Real life is not always so obvious, but decades of exposure to the real world give you a sense of oversight, that those too involved in the process can miss completely.
Look it up if you don't know what it is.