221–225 of 225 posts
The real issue is if he was paid for overtime and what was his contract details about overtime. Nowadays, a lot of employees demand overtime from their workers without properly compensating them.
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I've had several friends intern as investment bankers and management consultants in the past couple years. The going rate in NYC is about $60k-80k prorated, I believe -- more than enough for a room in Manhattan (which is where they all lived). Even if that weren't the case, most in that career track come from relatively well-off families anyway. I still agree it's an insanely unhealthy and stressful lifestyle, which…
More than enough for where in Manhattan is the real question. $60K a year isn't a great deal of money in NYC. It's very livable - but not if your criteria is "within 20 min of FiDi". You can probably get a decent room on the Upper West Side or Upper East Side, but then you're nowhere close to being within 20 min from work, especially in the middle of the night.
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in both cases true freedom is constrained by a background set of rules enforced by the state No Lord God Mises necessary. The rules for "pure" capitalism are the minimum set needed to allow free exchange between individuals.
Only if you've redefined "capitalism" to mean "any economic system including individual/institutional holdings and trade", in which case you've successfully and retroactively redefined all economies ever as having been capitalistic. A net that catches every fish names none.