I'll take "What happens when everyone gets trophies for participation only", Alex.
I mean that sounds good, but I disagree.
In every field and within every subset there will always be remedial,average and superior abilities and/or capabilities.
Part of it is composed of inherent abilities beyond one's control. A much larger part of it is composed of drive, work ethic, and circumstances.
Look participation trophies gained popularity in county rec programs in the early 80s. Not to make the kids feel better believe it or not, but to make the parents feel better and encourage them to keep bringing their kids and paying the league fees. I also dont buy the fact that the current generation is measurably "worse" than the prior. We are all just getting old and wise enough to realize it how bad most are.
If you are a hiring manager and you constantly see yourself surrounded by idiots, examine your prospecting, hiring and screening practices.
I think this is a 2 way street, front line employees always complain about how much upper levels get paid. Never stopping to realize they arent willing to work hard enough to get there.
Conversely upper levels complain about how "lazy" or "stupid" their front line guys are never stopping to realize if they were as industrious and possessed the same mental acuity that management had they wouldnt accept the wages paid for the job.
One thing that I feel is most missed, we are in a BOOMING local economy. I know of no one who is able and willing to work who isnt currently employed. So if you are hiring you better be offering what no one else is, or you are only getting their rejects. Everyone has a Competitive Advantage. However if your hiring CA is that you dont drug test, understand your BEST employees will be those who are talented but cant work elsewhere because "they" do drug test. If your CA is that you pay more understand you are hiring a mercenary who will always leave for the next highest offer. If your CA is you have a job and will hire the guy no one else will, understand you are getting the guy your competition doesnt want.
I've hired a lot of people in my career. I used to really really suck at it. I think I am pretty good at it now.
None of this accounts for incompetence. If incompetence is accepted it will become the norm.
But the American corporate way seems to be to promote people to one level beyond their ability then complain about their performance.