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by flacon 5316 days ago
"You still have to work 100-hour weeks"

Assuming they are working 50 weeks a year.

50 * 100 = 5000 hours $125,000 / 5000 = $25/hour

Thats half what I make per hour.

Sure they might make more later on, but I'm not interested in giving up that much time for 1. something thats not my project and 2. for so little per hour
1 comments
ssharp 5316 days ago
This is ignoring two things:

1) The $125,000 is a starting salary, which will go up substantially if the hire proves successful. There are lots of future earnings to consider when working in this type of position.

2) The psychological perception of the work and income. Does the person realize or care that he is working 50 hours a week @ $25/hour, or does the person care that he is making $125,000 annually? I am not a behavioral economist (IANABE?), but I'd have to imagine that this is a huge factor -- the salary vs. hourly mindset.

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flacon 5316 days ago
"50 hours a week @ $25/hour"

I believe its 100 hours a week, which frankly sounds absurd.

My comment is not ignoring either of your points since:

1. I state the salary will go up.

2. The point of my comment was to realize that making 125K is not much if you are working 100hr/week and have no time to enjoy it, thus a high salary might seem great but looking at it on an hourly basis can be useful etc.

In life, generally you can have more money or more time, rarely can you have both. I would rather have more time personally.

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ssharp 5316 days ago
Sorry, I misstated and misread your post.

Some people may be very interested in time smoothing. That is spending time now, with the expectation of spending less time in the future because of present time invested. I think PG has talked about this in regards to startups. Work really hard for a concentrated number of years to reap large financial rewards and have the option of never working again.

Regarding the time/money trade off, that is, as you mention, a personal preference. I'd assume the type of person looking for a big law/finance/consulting job is the type of person who places much more weight on having lots of money and being part of the money culture, than enjoying downtime.

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