Tuesday, October 09, 2018

No Salary

Salary is a terrible measure of self-worth. Particularly if the aim is always more, and the comparison is always your immediate peers. A Salary is just a price, and prices don't measure value. Prices are clearing mechanisms. They compare how much there is of stuff to how much is wanted. None of us want to be stuff. Aiming for a 'One Dollar Salary' is more appealing. If your spending is covered by an Engine (an investment which earns more than you spend), then you always have the ability to walk away even if you choose not to. Then rather than growth as a motivating factor, you can choose other things that are important to you. As Bill Cunnigham says, 'If you don't take the money, they can't tell you what to do.' GDP is one measure of the world's salary. It is biased to growth. It focuses on things that we can count. It may be that a lower salary means you are doing what you need to do more efficiently. In Rich countries, a lower GDP could (possibly) be a good thing. It may be we are doing things more sustainably. Numbers are great questions, but terrible answers. Sometimes smaller numbers are more beautiful.


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