I think people should be very careful about promoting earning to give in light of this. It still seems true that because the capital is much more unequally distributed than income if you’re trying to earn to give you should be doing by trying to increase the value of equity you hold in firms rather than working a high paying job. Wealth also seems to be distributed according to a power law which also pushes towards a strategy of being extremely ambitious if one is earning to give.
I think it would be very bad if people who otherwise could do high impact direct work switched to earning to give in investment banking, consulting or corporate law as a result of this. EA funding has not declined to the point where there is an immediate crisis where relatively small amounts of money from high paying jobs is needed to keep the EA movement going—Dustin is worth somewhere between 5 and 10 billion, founders pledge has 8.5bn committed (although substantially less than 100% of this will go to the highest impact things.)
I think people should be very careful about promoting earning to give in light of this. It still seems true that because the capital is much more unequally distributed than income if you’re trying to earn to give you should be doing by trying to increase the value of equity you hold in firms rather than working a high paying job. Wealth also seems to be distributed according to a power law which also pushes towards a strategy of being extremely ambitious if one is earning to give.
I think it would be very bad if people who otherwise could do high impact direct work switched to earning to give in investment banking, consulting or corporate law as a result of this. EA funding has not declined to the point where there is an immediate crisis where relatively small amounts of money from high paying jobs is needed to keep the EA movement going—Dustin is worth somewhere between 5 and 10 billion, founders pledge has 8.5bn committed (although substantially less than 100% of this will go to the highest impact things.)