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Look at it this way: if I'm unemployed but I can get a $100K job, and I get an offer for a $75K job, I'm leaving $25K on the table--not just a one-time loss but

by sethg 17y ago

Look at it this way: if I'm unemployed but I can get a $100K job, and I get an offer for a $75K job, I'm leaving $25K on the table--not just a one-time loss but a permanent reduction in income. If another month of job-searching, burning through another $7500 of savings, will get me a $100K or at least a $90K offer, then it is perfectly rational to turn down the $100K offer.

gaius 17y ago
A banker ought to understand a "stop-loss" tho'.
gvb 17y ago
...except experience has shown him that he cannot get a $100K job (he has been jobless for a year - and that is a recurring theme in the article). In reality he is leaving $75K on the table by not taking the job.