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When surveyed, 40% of millennials, born between ’82 and ’03, would rather make $40,000 a year at a job they love than $100,000 a year at a job they considered boring. You should probably stick your plastic fork back into your ramen before you stab yourself with it.
It’s a phenomenon that can’t simply be written off to youthful exuberance or lack of responsibilities, either. This trend is going to be for life. USC Senior Fellow Morley Winograd said in the Wall Street Journal, “People form lifelong beliefs about how the world works between the ages of 17-25, and once formed, they rarely change.”
What does this mean for you? Lower salaries, for one. If companies can give you a playroom like Google and tell you they recycle instead of paying you, trust me, they’re going to – and I’m sure plenty of you reading this would kill to make even $40,000 a year. Still, Minograd and his fellow millennial expert, Michael Hais, argue that today’s postgrads have “such liberal and contrary views about social responsibility, personal wealth, and financial institutions that they stand to reorder the priorities of corporate America,” even to their detriment.
Still, I can’t help but think that there is at least merit to the idea. I made good money in a job I couldn’t stand with people I couldn’t stand and now I’m never looking to work in an office again. After a year of overnighters, weight gain, constant stress over easily avoidable problems, I honestly do value quality of life over income. Still, when presented with the entry-level versus six figures option, it gets to a point where the pro/con balance tips over to the side of the money. There’s a reason why even the most independent artists sell out so they can put food on the table.
There’s no nobility in poverty, regardless of what our generation seems to believe, but it seems that at the same time none of us expect to be royal as long as we’re happy.
[via WSJ]
This is eggregious. I had a pharma job making 105, got laid off from downsizing, and had to take a job making 42. BIIIIG difference in life quality there. BIG.
Is this article just a passive-aggressive way for Grandex to tell its writers that they’re not getting that pay raise after all?
$40k over $100k? Are most postgrads retarded?
Clearly
The only way I would rather take 40k rather than 100k is if my dream job just consisted of sitting around drinking beer, and never having to do actually work
Pffft. Bunch of poors. 100k buys a fuckload of happiness. Man up.
Where can I find one of these “boring” jobs that pays $100k?
Life is about finding balance…75k is about the right number, I’d say.
Depends. Out of college that’s a king’s random. In your 30’s with two kids that’s buying cereal only in bags
I’d love to be in the room when one of these people are given the choice between a $100k job and a $40k job. No way in hell they turn it down.
hell my job is boring and i only make 45
Most postgrads are idiots then.