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by stephengillie
2808 days ago
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> Why do you think the millions of investment bankers or consultants or lawyers or medical residents work long hours? I thought lawyers worked reasonable hours. The medical industry is it's own special situation. Those investment bankers must be bad at math - for overtime-exempt employees, each extra hour worked past 40 reduces your hourly pay rate by 2.5%. Retail, fast food, office, IT, software development - all jobs pay 150% pay after 40 hours, and 200% pay after 80 hours. At least in WA State, it's the law for non-exempt employees. Aren't sweat shops illegal? You did have the opportunity to work somewhere better. Were you suffering out of a solidarity with the less fortunate? At least you admit this was your plan from the beginning. |
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It's not about the OT pay working at an IB; it's about the bonus -- which is often a multiplier of your base salary.