ESRogs comments on Earning to Give vs. Altruistic Career Choice Revisited - Less Wrong
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Comments (154)
As I understood it, the hypothetical was a single individual deciding to work in finance and donate a large portion of their income to efficient charity. In that case I don't think the diminishing returns are so much of an issue.
I would worry more about negative flow-through effects of a decline in trust and basic decency in society. I think those are much more clear than flow-through effects of positive giving. I'm not sure if this outweighs the 20-to-1 ratio.