4 ms·
> 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
by stephengillie 8y ago
> 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.
- Hydraulix989 8y ago> 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%. 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.
- Drdrdrq 8y ago> ...must be bad at math - for overtime-exempt employees, each extra hour worked past 40 reduces your hourly pay rate by 2.5%. Not really. The first one does, then the effect is getting smaller with each hour.