These increases seem to be in line with the total growth of the EA movement, so doesn’t look like a meta-trap.
without in advance setting out credible limits for when this should stop.
GiveWell/Open Phil have said their target is for their budget to be 10% of money moved per year.
CEA is more complex because it’s actually 4 independently run projects, but each project thinks carefully about what a marginal person would do and whether it will generate returns. Hiring is a difficult and costly business, so you generally don’t do it just for the fun of it.
My guess is actually that many meta-projects underhire, because their donors like to see them maintain a large positive leverage ratio, whereas in fact it would be optimal to invest more now to get more growth in 2-5 years.
These increases seem to be in line with the total growth of the EA movement, so doesn’t look like a meta-trap.
GiveWell/Open Phil have said their target is for their budget to be 10% of money moved per year.
CEA is more complex because it’s actually 4 independently run projects, but each project thinks carefully about what a marginal person would do and whether it will generate returns. Hiring is a difficult and costly business, so you generally don’t do it just for the fun of it.
My guess is actually that many meta-projects underhire, because their donors like to see them maintain a large positive leverage ratio, whereas in fact it would be optimal to invest more now to get more growth in 2-5 years.