$300k is (around here) over 7x the mode of income [1]. That's a significant amount (basically the yearly income of 7 "regular joes") and raises (to me) the ethical question of whether I'd deserve it. For a full 40-hour workload, perhaps a case could be made.
But for a 4-hour workload? The only way I'm getting that sort of compensation for so little work is if I'm a parasite on society. And that's not something I would want.
Note: this, by itself, does not imply no one would deserve that sort of compensation. It simply raises the bar - perhaps to a level that is beyond human reach, perhaps not.
> But for a 4-hour workload? The only way I'm getting that sort of compensation for so little work is if I'm a parasite on society.
That isn't the case with the power of scaling. If the product you happen to be working on 4 hrs a week happens to have X billion users, your tiny contribution gets multiplied by 9 orders of magnitude.
There's still something arbitrary and random about it, but it's not accurate to say you aren't producing net value for your employer/users/society/whatever.
This is the age-old ethical question "do people deserve more reward for their time when they do higher-leverage work?"
It's not as obvious a "yes" as I first thought. I do high-leverage work, but that just means my work builds on the work of many others. I couldn't do anything near what I do now we're it not for thousands or even millions of other people doing low-leverage work that provides the fulcrum for my work. It's society that allows me to do my high-leverage work -- why should I personally collect the pay check for it?
Also I won the genetical lottery to have the interest and intellectual capacity for this work. Is that something I should be rewarded for? Or is it an unfair advantage that other people should be compensated for not having? There's nothing about my personal effort that has given me that advantage.
Not to mention the education and relaxed upbringing that allowed me to reach this potential. That's also a gift from society to me. Should my response be to not repay? To hoard the rewards alone?
I don't know! That's the system we live in. But is it the system we ought to have?
> This is the age-old ethical question "do people deserve more reward for their time when they do higher-leverage work?"
Indeed. And I would argue that society answers this question already, in the form of teacher salaries. Teachers have the mightiest of levers: the not-yet-capable enter and the capable to highly capable leave. Any high-impact individual was molded by them.
Granted, there's not a trivial 1-on-1 relating between future excellence and a particular teacher. On the other hand, every person who had an outsized impact on the world had teachers that helped him/her along that path.
So I'd say society is pretty comfortable with a big "naah" here: teacher salaries are nothing special. (In the West - I remember reading about rock star salaries for good tutors in some Asian country.)
$300k is (around here) over 7x the mode of income [1]. That's a significant amount (basically the yearly income of 7 "regular joes") and raises (to me) the ethical question of whether I'd deserve it. For a full 40-hour workload, perhaps a case could be made.
But for a 4-hour workload? The only way I'm getting that sort of compensation for so little work is if I'm a parasite on society. And that's not something I would want.
Note: this, by itself, does not imply no one would deserve that sort of compensation. It simply raises the bar - perhaps to a level that is beyond human reach, perhaps not.
[1] https://en.wikipedia.org/wiki/Mode_(statistics)