3 ms·
> 10x the median income just isn’t that much. If you have three kids, money is still tight. I’m arguing that we are all making less and that startups are making
by joshuamorton 6y ago
> 10x the median income just isn’t that much. If you have three kids, money is still tight. I’m arguing that we are all making less and that startups are making people rich because they’re actually getting paid what they produced.
The tradeoff here is that if you have 3 kids, you can't afford to work at or start a startup, because your income today will be less than at a BigCo. The number of startups that will pay you 10x the median income, today, is pretty low (they're all already unicorns, which means your upside is somewhat limited) and you need to be fairly senior anyway.