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startupdiscuss | 7 years ago
The point is not that he is starving, or that he is desperate. The point of that number is what he gave up!
The point is he gave up a job of 0.5 million, potentially 1 million in a few years. To top it off the job had reasonable hours, great people and he was getting positive feedback.
You would not expect people to give that up. The question is why?
Instead, you're pointing out how lucky he was. Well, that is his point! He was so lucky and is giving it up! Aren't you curious why?
antisthenes|7 years ago
I would absolutely expect people to give that up, as well as any senior economist student would tell you, the labor preference curve is backward-bending after you start making a certain amount of money.
> He was so lucky and is giving it up! Aren't you curious why?
Not in the slightest. There are multiple studies saying that happiness plateaus after a certain amount of income. It's his life and he probably found his own plateau.
startupdiscuss|7 years ago
Are you sure this is a good student? The bend in the curve demonstrates the preference for incremental wealth. So you might forego $500k to $600k. Going down to $0 takes you through the steepest part of the curve.
(I guess with interest on savings, the person is going down to something like $25k-$40k.)
> There are multiple studies saying that happiness plateaus after a certain amount of income. It's his life and he probably found his own plateau.
I am not sure what you mean by "probably found his own plateau".
Do you mean he found he didn't need as much money to live?
mindcrime|7 years ago
But a plateau would just mean he quit advancing. This guy didn't stop on a plateau, he stepped off a cliff. That's a pretty big difference.
pvinis|7 years ago
Also, the people (me included) that don't question "why" are the people that would do the same if they had the opportunity. Of course anyone can create the opportunity for themselves, and of course the income and spendings are relative, but no matter how you slice it, a half a million safety net, or even 1/10th that, is still a pretty big help to take the decision.
bbg215|7 years ago