Daniel_Burfoot comments on What should a college student do to maximize future earnings for effective altruism? - Less Wrong

16 Post author: D_Malik 27 August 2013 07:06PM

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Comment author: Daniel_Burfoot 28 August 2013 05:24:05PM 5 points [-]

Be aware that job market advice is somewhat like stock market advice. If it becomes common knowledge that career X is highly compensated (or highly compensated relative to effort/education level), this will cause a large number of young people to enter field X, in turn causing a surplus of workers and depressing salaries. You should try to pursue a career trajectory that is at least a little bit non-obvious.

Comment author: John_Maxwell_IV 08 September 2013 09:08:33PM *  2 points [-]

It's not completely like stock market advice 'cause in the stock market, the best players tend to win more money and acquire disproportionate influence. I'm not sure how rational I should model people who are choosing their careers to be--if many follow the "passion model" described by Cal Newport in his book, then just profit-maximizing should work fairly well.

Comment author: dotsloyalist 25 October 2015 03:42:11AM 1 point [-]

Careers r less liquid. Teenagers r the leading career path selectors.