What If You Could Save the World in Your Free Time?

If you want to save the world in your professional life, go to 80,000 hours. And if you want to save the world with money you generate from your profession, go to GiveWell. But what if you want to save the world on the weekend? Or on a Wednesday night, instead of watching The Princess Bride for the 37th time?

The Problem

Volunteering is a hallowed part of our altruistic culture, and like our altruistic culture more generally, it often is sub-optimal. For practical reasons, direct-intervention volunteering focuses on the local, such as volunteering in a soup kitchen or cleaning up a local trail. And volunteering focused on raising money rarely capitalizes on the market value of the volunteer’s free time; think: lawyers raising money through a bake sale.

What Is the Value of One’s Free Time?

The simplest answer is the market rate for whatever one does for a living, e.g., web development, financial advice, legal advice, personal training, writing, editing, translation, etc. Some people have even more-valuable talents that do not lend themselves to a full-time career. If you have ever attended a charity auction, you likely have seen examples of these types of talents.

Potential Solutions

Work longer hours and donate the earnings to effective charities. Most salaried employees do not have the option to work more hours at their job and collect a proportionately larger paycheck.

Sell one’s services on an existing website like Craigslist. Although possible in theory, there is not (as far as I know) a market for regular people to sell a few hours of their time in this manner.

Proposal: Create a New Market

Another solution would be to create an online marketplace in which people could sell their time at its most-valued rate and give all, or a published percentage, of the proceeds to a designated charity. The idea would be to create a market that does not presently exist in which people could efficiently convert free time into money. Participants on both ends of a transaction would be contributing to charity, thereby creating an extra-market reason for consumers to purchase services on this site, even if the same service is available for the same price elsewhere. Think of it as an effective bake sale.

How It Might Work (Just Spitballin’ here)

The site would allow individuals to offer services and request services. Service providers would register an account and would receive ratings and reviews. The goal would be to create a genuine, competitive market without substantial barriers to entry. Ideal services would be those that could be provided remotely, such as the services mentioned above. But as mentioned above, because the proceeds go to charity, I suspect markets for unusual services would emerge that would not ordinarily exist.

Where would the money go? The site would promote EA-endorsed charities, but ultimately service providers would be able to choose the recipient of their funds. All payments would be through the site and would go directly to the designated charity. The site would publish how much money it moves to designated charities.

Do All Proceeds Go to Charity? Giving all proceeds to charity has a compelling simplicity to it. That said, I am drawn to the idea of creating a market that encourages for-profit, EA-oriented businesses. I could imagine a commercial niche developing for individuals (or even small companies) who give 30% of their revenue to charity. Indeed, the site might even be able to fund some or all of its own costs by taking a percentage of the for-profit revenue.

Potential Impact

First, it would capture some portion of current, sub-optimal volunteering and convert it into much more effective volunteering.

Second, it would generate more volunteering. We all waste time. While saving the world is a better use of time than watching bad television, converting bad-television time into world-saving time is unfortunately not that simple. The goal of this site would be to make it simpler.

Third, it would be a potential source of PR and information for EA thinking and EA causes.

Lastly, it would be a means of widely teaching one of the most important and poorly understood EA concepts: trade-off costs.

Feedback

So, what am I missing?