syllogism comments on Optimal Employment - Less Wrong

60 Post author: Louie 31 January 2011 12:50PM

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Comment author: syllogism 01 February 2011 12:50:04AM *  5 points [-]

I've lived in Sydney all my life, and often meet people who are here on a working holiday and are very disappointed. For instance, this weekend I met a guy from Jordan working in a convenience store. He was making $800-1000/week working nightshift[1], and enjoying the novel, liberal culture, but found it difficult to save much.[2]

Now I know what to tell people, which makes me feel a lot better. I'd be curious to know whether you could get a similar deal in other parts of the country, though. Alice Springs is not a greatly pleasant place, from what I understand. Many parts of the country are much nicer, such as the sub-tropical coastal part near the NSW/Queensland border around Byron Bay, the Murray riverina, far North Queensland, etc. Alice Springs is a small town in the desert.

[1] Night and weekend work generally increases the minimum wage. The penalty rates are 1.5 to 2 times, so a night shift sometimes works out to $30 an hour.

[2] If you strategise properly it's possible to live quite well in Sydney for $450-500 a week. I got into the habit of this during my PhD, when I was on a low stipend. However, you need to divide housing costs between lots of people (I live with my girlfriend and another couple in a 2br unit), and you need to only go out in cheap areas. It's common for young professionals to fail to save anything substantial on $80-100k a year here.

Comment author: Louie 01 February 2011 01:19:23AM 1 point [-]

I agree with you. Sydney is a great place to live in it's own right, but it's a terrible place to work and earn money.

Didn't think about the night shift idea but that's true. Good suggestion!

Comment author: syllogism 01 February 2011 01:42:22AM *  0 points [-]

Sydney can be okay financially, but it's definitely not optimal. But it's a nice enough city and I have my friends and family here, plus a good research group for my interests, located in a nice suburb.

Post-docs make okay money here, so I'm on 51.6k after tax and my 7.5k "tithe" (75k gross salary), and the uni pays 16% superannuation.[1] My living expenses are $500 a week, so I should have roughly 25k per year savings. I've only done three months on this salary and I'm on schedule, but we'll see whether I fall to the common spending traps.

I do spend a lot of time working, but I live 5 minutes walk from the office and the hours are flexible, so it's manageable. In an average day I'll spend 6 or 7 hours in the office, and then 2 or 3 hours at night.

I consider myself lucky to have the skills and interests to pull off the "live-to-work" strategy. If I were interested in, say, writing novels instead of researching language technologies, the equation would be quite different.

[1] The university pays more super than is mandated, and all salaries are indexed to inflation. Our union is good.