abl wrote:Desert Fox wrote:I understand if you don't want to say what you do, but unless it's blowjob inspector, I really doubt it's objectively worth 2mil over biglaw. I also doubt HLS makes a unicorn job 10% more likely compared to CLS since it wouldn't unicorn even if the difference was 10% HLS vs 0% CLS.
I just plugged myself into a lifetime earnings calculator. Over my lifetime, I should earn around $16 million. If you're asking me if I think the difference between my current career and the career I would have had is worth making $16 million instead of $18 million, that's an easy "yes" for me. It's worth a hell of a lot more than that over my lifetime. ($25 million? $30 million? It's hard to say -- I make enough money to be able to largely support my desired lifestyle, so there's serious diminishing value to the added earnings.)
And there's no way to objectively value this, because it's entirely based on my relative subjective enjoyment of these two careers. But once again, I don't think I'm particularly out of the ordinary in how much subjective value I place on things like getting to do substantive cutting edge legal work that makes the world a better place instead of doing doc review for an oil company that will largely get re-done by someone else.
1) How the hell are you getting a lifetime earnings from a calculator? Just extrapolating your current salary out with raises. This seems specious. Also CHECK YOU DISCOUNT RATE
2) z=10% is way too high from CLS to HLS in absolute percentages. If you are using relative percentages your whole equation is fucked up. What kind of unicorn job do you have a 10% chance of getting at HLS?
3) When you say, But I don't value a, but really value b highly! you take it from a math equation and just introduce your rationalization