Thanks for writing about this! I’ve thought about this as well, but there are a couple of reasons I haven’t done this yet. Primarily, I’ve been thinking more lately about making sure my time is appropriately valued. I’m still fairly early-mid career, and as much as it shouldn’t matter, taking a salary reduction now probably means reduced earnings potential in the future. This obviously matters less if you don’t plan on working for a non-highly impactful non-profit in the near future or if you’re later in your career, but I think this is worth thinking about even if you’re financially secure.
I think the sort of people who frequent this forum tend to be a bit too keen to work for not much because they think the work is so important, kind of like an ‘impact discount’, and I think historically effective non-profits have been a bit too keen to offer impact discount salaries. This seems to be less of an issue in the last 3 years in my experience, maybe because EA-aligned orgs are getting better funded.
I think taking impact discounts probably harm our impact in the longer term. It’s not just about the money per se, but about the perception of value. Unfortunately, people tend to see your hourly rate as a reflection of how much value you provide. Young people should probably care about this a bit more, but granted it’s a tough job market and it’s probably a much lower priority than just getting a job.
It also, of course, depends on whether you think your current employer is the most effective place to be sending your counterfactual dollars. It’s plausible that one might work at a highly impactful non-profit, but they think that another non-profit they could donate to is twice as effective (or whatever the ratio is based on their marginal tax rate, but it’s probably not more than double).
Thanks for writing about this! I’ve thought about this as well, but there are a couple of reasons I haven’t done this yet. Primarily, I’ve been thinking more lately about making sure my time is appropriately valued. I’m still fairly early-mid career, and as much as it shouldn’t matter, taking a salary reduction now probably means reduced earnings potential in the future. This obviously matters less if you don’t plan on working for a non-highly impactful non-profit in the near future or if you’re later in your career, but I think this is worth thinking about even if you’re financially secure.
I think the sort of people who frequent this forum tend to be a bit too keen to work for not much because they think the work is so important, kind of like an ‘impact discount’, and I think historically effective non-profits have been a bit too keen to offer impact discount salaries. This seems to be less of an issue in the last 3 years in my experience, maybe because EA-aligned orgs are getting better funded.
I think taking impact discounts probably harm our impact in the longer term. It’s not just about the money per se, but about the perception of value. Unfortunately, people tend to see your hourly rate as a reflection of how much value you provide. Young people should probably care about this a bit more, but granted it’s a tough job market and it’s probably a much lower priority than just getting a job.
It also, of course, depends on whether you think your current employer is the most effective place to be sending your counterfactual dollars. It’s plausible that one might work at a highly impactful non-profit, but they think that another non-profit they could donate to is twice as effective (or whatever the ratio is based on their marginal tax rate, but it’s probably not more than double).