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Ah yes. Same reason why Google and Facebook are actually terrible places to work. They only pay ~$200k/year whereas JPM can pay millions! What a simplistic vie
by ethanbond 7y ago
Ah yes. Same reason why Google and Facebook are actually terrible places to work. They only pay ~$200k/year whereas JPM can pay millions!
What a simplistic view of the world.
- ericd 7y agoI don't think that's fair. The marginal utility between $200k/yr and millions isn't that high, but it's ridiculously high between $30k/yr and $200k/yr. Put another way, you can comfortably afford to raise a family in CA on one of those salaries, and even put some money away to retire eventually, it's much, much harder to do that with the other.