Very cool read, do you have any other interesting findings about aligning incentives - is it mostly a payoff problem or also prestige + generally lacking info at a young age about high-impact, low-status roles? What's the biggest leverage?
Interesting point! It's an immediate payoff problem as prestige follows the salary, especially in early careers. There are orgs like 80000hours and the School for Moral Ambition trying to spread awareness and they seem to be gaining traction in attracting talent. I honestly couldn't tell you a good broad-based solution for the problem. I think it should stem from first trying to measure the externalities. If governments had better estimates of the opportunity/welfare costs they could work from there. Separately, we need stories like this to become more mainstream as well: https://indevelopmentmag.com/exporters-without-borders-why-you-should-start-a-company-instead-of-working-in-aid/.
Curious if you've come across anything else interesting?
Interesting article, makes it very evident that entrepreneurship creates societal wealth. Agree that having to measure externalities is a prerequisite. Haven't come across anything particular, but would be quite interesting to try to model societal impact and price opportunity cost of entrepreneurship over a "prestige" job over an entire career.
Nice read , I think and belive your generation @ Parth have to solve this problem as financialisation only helpvery few , it does not help the people or organsiations at a large or people as such , it serves only capitlist class, and they are biggest danger of capitalist model of economy
Very cool read, do you have any other interesting findings about aligning incentives - is it mostly a payoff problem or also prestige + generally lacking info at a young age about high-impact, low-status roles? What's the biggest leverage?
Interesting point! It's an immediate payoff problem as prestige follows the salary, especially in early careers. There are orgs like 80000hours and the School for Moral Ambition trying to spread awareness and they seem to be gaining traction in attracting talent. I honestly couldn't tell you a good broad-based solution for the problem. I think it should stem from first trying to measure the externalities. If governments had better estimates of the opportunity/welfare costs they could work from there. Separately, we need stories like this to become more mainstream as well: https://indevelopmentmag.com/exporters-without-borders-why-you-should-start-a-company-instead-of-working-in-aid/.
Curious if you've come across anything else interesting?
Interesting article, makes it very evident that entrepreneurship creates societal wealth. Agree that having to measure externalities is a prerequisite. Haven't come across anything particular, but would be quite interesting to try to model societal impact and price opportunity cost of entrepreneurship over a "prestige" job over an entire career.
Nice read , I think and belive your generation @ Parth have to solve this problem as financialisation only helpvery few , it does not help the people or organsiations at a large or people as such , it serves only capitlist class, and they are biggest danger of capitalist model of economy