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> After a million dollars or so in salary, the absolute amount that a person is paid has no real impact on their life. They can't eat more meals in a day or wear more shoes There is more to life than food and shoes? This is one of the dumbest things I’ve read.
The point still stands. Beyond some amount the absolute amount of money really stops to matter
I can tell you for sure I cared much less about the job where I wasn't getting paid as much. I would never answer an after work call or go out of my way to follow up organizational or systemic issues. For me working overtime is part of the package when I get paid loads more.
Possibly, yes. The amount of money handled might affect the likelihood of a heist, and the required preparedness of the robbers. Which in turn requires more skilled drivers facing a higher risk.
https://www.youtube.com/watch?v=lsu6AhYzG_4
That aside was an unnecessary bad tangent which undermines the point.
> After a million dollars or so in salary, the absolute amount that a person is paid has no real impact on their life. They can't eat more meals in a day or wear more shoes There is more to life than food and shoes? This is one of the dumbest things I’ve read.
The point still stands. Beyond some amount the absolute amount of money really stops to matter
At national monetary scales, sure, because more spending would be inflationary thereby decreasing one’s spending power. So call it a trillion dollars or so. Not a practically relevant cap.
> After a million dollars or so in salary, the absolute amount that a person is paid has no real impact on their life. They can't eat more meals in a day or wear more shoes There is more to life than food and shoes? This is one of the dumbest things I’ve read.
The point still stands. Beyond some amount the absolute amount of money really stops to matter
After aging I'm starting to have new views on large salaries: 1. The money is just going to be saved. Net gain to the person is they're probably going to live for the rest of their life off dividends. Net gain to society, is any money taken out of circulation fights inflation. 2. If you pay someone a lot of money they will, essentially, spend it on other people. Either through salary or just buying shit. The richest…
Do you manage your own money this way? Do spend 10 grands on a running shoe because, well, it will eventually make the whole society wealthier and improve standards of living for everyone including you?
- Salary is absolutely the key factor when people pick jobs. The difference between a fun hobby and a great job is that you get paid a lot to do the latter.
- Here he's saying that companies should create a buzz around jobs; but having good feelings about your low-paid job doesn't help you nearly as much as just having lots of extra new wealth.
- Saying that because high-end employees are far beyond the "buying food" stage of Maslow's Hierarchy means more money is unnecessary is just brain-dead. Economic growth anyone? More money = good.
- High pay is a great way for companies like Google to prevent competition. Why risk starting a business when you can earn a million bucks every couple of years working for them?
- High CEO pay is absolutely not a problem. If a top CEO increases a company's market cap by billions, and is only paid tens of millions, then what a waste of time and emotional energy it is to fixate on the tens of millions.
I can't believe this character is actually advocating for lower salaries.
> After a million dollars or so in salary, the absolute amount that a person is paid has no real impact on their life. They can't eat more meals in a day or wear more shoes. What matters to the manager is the relative amount. Sure, nobody needs more than a million dollars in annual compensation (in 2024 dollars), but relative amount gets you to your never need to work again number faster or slower. You might still wo…
After aging I'm starting to have new views on large salaries: 1. The money is just going to be saved. Net gain to the person is they're probably going to live for the rest of their life off dividends. Net gain to society, is any money taken out of circulation fights inflation. 2. If you pay someone a lot of money they will, essentially, spend it on other people. Either through salary or just buying shit. The richest…
If I go to them, I'll get offered a cup of coffee and possibly a few minutes to make my case.
If the guy making $50,000,000 per year does it, then, well, his wish is your command.
Money is power.
After aging I'm starting to have new views on large salaries: 1. The money is just going to be saved. Net gain to the person is they're probably going to live for the rest of their life off dividends. Net gain to society, is any money taken out of circulation fights inflation. 2. If you pay someone a lot of money they will, essentially, spend it on other people. Either through salary or just buying shit. The richest…
The neat part about it is that if my friend's buddy, Bubba (Yeah. He's an electrician.) goes to see a congressman, governor, or the president and says he wants something done, he'll get a big shit-eating grin and a "Sure, buddy, we'll work on that!" with a hearty handshake. If I go to them, I'll get offered a cup of coffee and possibly a few minutes to make my case. If the guy making $50,000,000 per year does it, the…
When did you last call your elected’s office?