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> The salary is high. Facebook aims to pay top 5% compensation in the market (we’ll get back to that). This makes a lot of other things very comfortable: you ca
by ashtonkem 5y ago
> The salary is high. Facebook aims to pay top 5% compensation in the market (we’ll get back to that). This makes a lot of other things very comfortable: you can go to a restaurant without worrying too much about the bill, get a nicer car, a nicer house, better stuff.
That's very normal, and I don't want to condemn the author for this, but this is a trap. If you get used to the consumption that a 5% salary offers you, then you will have an extremely hard time finding a job that's not at the 5% or better compensation. And those other jobs might come with other tradeoffs that make them unpalatable in other ways.
Avoiding the hedonic treadmill[0] is a good habit to get into if your compensation goes up. It increases your financial stability, and means that you can take a lower paying job if you decide that it'll make you happier in other ways.
0 - Technical term for how increased spending sets your expectations higher, and quickly stop bringing the rush that they first brought.
- dom96 5y agoI feel this but from a different perspective. As somebody that comes from a working class background, I cannot help but feel like taking any pay cut is a mistake in my life. It’s not that I consume a top 5% salary, it’s that I feel like any offer that isn’t an increase of my current comp is the company trying to screw me over.
- notreallyserio 5y agoEvery time I get a raise I make a one time splurge purchase and then look at ways to reduce my periodic spending. Cancel subscriptions, re-play old games, that sort of thing. I figure my spending will naturally rise again (always has, anyway) but not as high as it would have if I let it if I wasn't so cautious.