I guess this would be a key point where we differ. I haven’t thought deeply about this, but my intuition would be that adjustments would greatly improve impact. For example, a small project extremely competently implemented and a big project poorly implemented might have the exact same impact, but the former would be a stronger signal.
In this case, the competent person can just do more great small projects and get more money.
In this case, the competent person can just do more great small projects and get more money.