This is a halfway decent article from Business Insider.
I find myself 50/50 on this issue. When I need cutting edge info, or niche info, I typically read it on a screen.
When I need offline info, or low power info, or simply a different aesthetic for some reason, I love a nice book. Especially for older info.
Surprisingly, discovery of info is pretty boundless and fun at a large University library, because books are sorted by topics. I don't need to endlessly query Google for the most authoritative resources.
Personally I really feel we need both sources of info. Both types of print have pros and cons.
I don't know if I "perform" better with one type of print though.
"Better" is very subjective, and when I was in college in 2010-13, all of my tests were written paragraphs/essays. Totally subjective.
Unfortunately I'd say yes. Consider that Goldman Sachs has 38,000 employees and the average compensation is 350k-400k per year, per their recent quarterly filing.
It is an elite world based on signaling and deep relationships, because there is a lot of money at stake.
I completely agree, I bet you have 100 people making 10m+ per year, and 20,000 staff and interns at the back office in New Jersey making 45,000 maximum, hired from SUNY schools.
For IB, sure. But are most GS employees traders? It looks like most of the support staff is in the $20-30k range[0], which includes help desk and the like. Even certain analyst positions seem to be in the $45-50k range. On page ten of ascending salaries I've just barely passed $60k.
My point is that while the "average" compensation may be $400k, that's going to account for a very small percentage of the employees. The median is probably well below $100k, dependent largely on just how many support staff there are compared to traders. And even the traders who only last a year or two before getting fired will probably only make $100-150k.
Thank you for your thoughtful, reasoned reply, and the effort you put into confirming what I have said anecdotally.
It is often a thankless job and I appreciate that you've provided these numbers. It really shows the income disparity between the top dogs and the unwashed masses and Goldman.
pc86 is exactly correct and I'm glad that person tore apart your argument for me.
How dare you tell me "hint, blah blah blah" when your source literally confirms what I have stated.
The young and inexperienced workers are just there for data entry and errands for the SMALL percentage of workers who are high powered investment bankers.
Hi, I've always been curious what the quota/threshold is. My last account (i336_) got to 1000+ (before I accidentally locked it...) and I never saw the downvote button. Is it like 10,000 or something?
Either they tweak the threshold over time, or there are other factors than karma. I'm sure I gained a downvote button well before 1000. I don't think it's particularly useful -- I only use it when I think a comment isn't worth reading at all. I usually upvote people when I think they're wrong, so we can have an interesting discussion.
I am a very proud and happy customer of Dollar Tree. I assume the business model is similar to Dollar General.
I get so much awesome shit from there, $1, and no tax on groceries. Portion sizes are proper, quality/safety of off-brand food is completely acceptable.
In a world where millions of Americans are spending $10 minimum per day on Starbucks coffee, I am probably spending $1-2 per day on my entire daily intake of food.
And it's all thanks to Dollar Tree, or alternatively Costco if I am nearby, where prices are similar thanks to wholesale prices.
And I'm not unemployed, I should add. Just a complete and total cheap skate, employed or not, both of which I have experience with :)
As long as HN doesn't shadow/hell ban me when these subjects come up and I comment like I did above, I'm always going to fight for workers to maximize their earning potential.
Well, also, for any given problem, one might feel like the cure proposed is worse than the disease. Maybe we could "solve" obesity by strictly rationing every person's daily food intake and not allowing them to eat anything else besides what they've been provisioned. Who wants to live in that world?
I find myself 50/50 on this issue. When I need cutting edge info, or niche info, I typically read it on a screen.
When I need offline info, or low power info, or simply a different aesthetic for some reason, I love a nice book. Especially for older info.
Surprisingly, discovery of info is pretty boundless and fun at a large University library, because books are sorted by topics. I don't need to endlessly query Google for the most authoritative resources.
Personally I really feel we need both sources of info. Both types of print have pros and cons.
I don't know if I "perform" better with one type of print though.
"Better" is very subjective, and when I was in college in 2010-13, all of my tests were written paragraphs/essays. Totally subjective.