Recently I got published an op-ed in The Crimson advocating, sort of, for an Earning to Give strategy.
The Crimson is widely read among Harvard students, and its content runs through many circles — not just those who care about student journalism.
I thought the piece was important to write.
I’ve noticed a recurring trend in conversations about careers here at Harvard: people want to do good, but have no idea how. So either — they give up and “sell out” to a comfy lifestyle, or they follow their passions/work at an NGO/etc. without even considering Earning to Give as a legitimate option.
I’m aware that orgs like 80,000 Hours have moved away from their (original) primary focus on Earning to Give as a career strategy.
But I think, based on folks I’ve talked to at Harvard, it’s still one of the most compelling ways to at least get people on board — it doesn’t require sacrifice of a well-paid lifestyle, but more importantly, it doesn’t require sacrifice of a prestigious career (which is what so many here care about).
80,000 hours also has a set of bulletpoints intended to determine whether you’d be a good fit: https://80000hours.org/articles/earning-to-give/
They ask four questions:
- Do you have high earning potential? (Yes. As I note in the article, Harvard students are lucky enough to be recruited by some of the highest-paying firms in the world.)
- Do you want to gain skills and career capital in a higher-earning option? (Yes as well. Harvard kids want to preserve optionality.)
- Are you uncertain about which problems are most pressing? (Resounding yes. I commonly hear things like “I want to do good for the world, I just don’t know how.”)
- Do you want to contribute to an area that is funding-constrained? (This is fuzzier, I think, seeing as the answer to this question would probably have to come after the last one.)
Anyway, I would appreciate if you gave my article a read. Feedback appreciated!
https://www.thecrimson.com/article/2024/3/26/climaco-harvard-sell-out/
Do you know if there's empirical data on this? Like Owen, I think these are relatively minor risks.
Unsurprisingly, the people I know who donate the most are the ones who earn the most (although they probably don't give particularly effectively), and I know people with experience in non-profits who were disillusioned and moved back to "normal" jobs.
I could also imagine NGO workers might have strong incentives to work for a "White Landcruiser" NGO and be less focused on actually helping others. Basically, I'm not sure if the value drift is actually that much higher for an earn-to-giver compared to a worker at a median NGO. (Because it's high in both cases and because most NGOs are not particularly impact-driven)
I'm also not sure how much of an issue lifestyle creep is in practice. If you earn twice as much, and spend twice as much on yourself because of lifestyle creep, you're still donating twice as much as before. And empirically, we see higher-income people give higher percentages of their incomes.
Also, there are very significant "career capital" benefits of working in a high-paying job before moving into a direct role, some of which are highlighted in this recent post. The founders of the Against Malaria Foundation had lots of for-profit experience that I think probably helped them save so many lives when they switched to non-profit work. (Incidentally, it seems that Rob Mather has an MBA from Harvard itself)
That's all much better analyzed in the new 80000hours page on Earning to Give though, which makes many more points for and against