5 ms·
Not sure an unbounded 6% annual salary increase is plausible, especially over a 35-year period. That makes the "get a job" numbers quite inflated. I think its c
by mayank 12y ago
Not sure an unbounded 6% annual salary increase is plausible, especially over a 35-year period. That makes the "get a job" numbers quite inflated. I think its clear that the potential payoff from being an entrepreneur is very significantly higher than being an employee; it's a question of when someone's willingness to accept a higher risk matches their circumstances (luck, market, idea, etc.)
- ryandrake 12y agoDefinitely. Average wage growth [1] from 2010 to 2012 has been about 4.7%, varying heavily on region (and likely profession). And this is the average (across all levels of experience). If you're not senior management, you're hitting a wage ceiling after about 10 years, where your pay won't be going up year after year even if you job hop. A more realistic model would assume your wage growth starts at, say 8-10% your first year and then tapers off to 0-1% after 10 years or so. 1: http://www.comparebloomington.us/include/reportsmedia_157_1541923639.pdf http://www.comparebloomington.us/include/reportsmedia_157_15...
- dvanduzer 12y agoAt a glance, that suggests the optimal time to start a startup is when you have 10 years of career behind you.