New releases

Get the chance to save the world with this one weird trick

Blog post by · Published July 16th, 2015

one-weird-trick2When I was an undergraduate I came to fully understand the depth of the world’s problems: tens of billions of animals were suffering in factory farms, humanity faced the risk of catastrophic nuclear war, billions continue to live in horrendous poverty, and that was just the start. I wanted to solve these problems, but when I tried to take concrete steps I mostly felt powerless and frustrated.

I was right to feel powerless. As an undergraduate there was relatively little I could do to directly solve anything.

I had no income to give; no insights that hadn’t been had; and no platform from which to ask people to change their behaviour. I really didn’t want the world to be incinerated in a nuclear apocalypse, but – fortunately – nuclear security policy isn’t set by random Australian undergraduates who happen to think they know what’s best.

Luckily for most of us, this powerlessness need only be a temporary, if unpleasant, condition.

If you are a high school student or undergraduate frustrated about your limited influence in the world, there’s one thing you need to be working to get.

With it comes the ability to change things.

Some younger people manage to get a lot of it very quickly, but the majority of us will have the most of it between 40 and 60, so you need to keep a long-term view.

A lot of our advice for young people is geared towards helping them accumulate more of it.

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What people miss about career capital: exceptional achievements

Blog post by · Published July 13th, 2015

Pooja Chandrashekar is a good demonstration that sometimes the best way to show people you can achieve amazing things is just to achieve amazing things. (Photo by J. Lawler Duggan/For The Washington Post)

When we talk about “career capital” it seems people first imagine “brand name” jobs e.g. working at Google, McKinsey, or getting a credential like a law degree or graduate study at a prestigious university. And it’s true these paths all boost your career capital. But I think there’s another important component of career capital that’s often neglected.

A big part of having really strong career capital is having eye-catching, valuable achievements. Eye-catching achievements make you stand out, another form of credential. Standing out helps you to meet successful people, building your connections. The process of getting exceptional achievements usually involves pushing yourself too, so it correlates with learning strong skills. Overall, striving for eye-catching achievements seems at least as important as gaining prestige or conventional credentials – so if you only focus on the latter you could be making a mistake.

One example to illustrate (but of course not prove!) the point: Pooja Chandraskekar, who this year was one of the few students in the world to be admitted to all the Ivy League Universities. Among much else, she developed a mobile app that predicts whether a person has Parkinson’s disease with 96% accuracy. She needed these achievements to make her stand out among all the other people who have “ticked the boxes”

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Defining ‘Earning to Give’

Blog post by · Published July 13th, 2015

We’ve found there’s sometimes been confusion about what ‘earning to give’ means. Here’s our working definition.

You’re earning to give if and only if:

  1. You deliberately pursue a career that is high-earning (given your options) in order to do good through your donations AND
  2. You donate a very significant proportion of your earnings, where for someone earning more than the average in rich countries, ‘very significant’ means at least 20% of income.

As with all the technical terms the effective altruism community has introduced, we should worry about how the meaning of that term might change over time as it gets more widely used. For ‘earning to give’ I think the biggest concern is that the qualifying bar for % donations goes down: I think someone who’s in a high-earning career but only giving 2% shouldn’t count as ‘earning to give,’ but I can foresee scenarios in which people start using the term that way. Of course, for someone who is not able to take a very high-earning career, the bar for % donations should be lower.

Sometimes I hear ‘earning to give’ to be used almost synonymously with ‘donating’: I think, though, that it’s more useful to keep the concept of ‘earning to give’ focused on a specific career strategy, rather than simply donating in whatever career you’re already in.

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Effective altruists love systemic change

Blog post by · Published July 8th, 2015

undercar
Effective altruists are out working every day to fix society’s systemic problems. It’s time to definitely rebut the claim that we don’t care about systemic change.

Yesterday we put to rest the idea that 80,000 Hours, and effective altruists more generally, are only enthusiastic about ‘earning to give’. While some people should earn to give, we expect the right share is under 20%, and think that ‘earning to give’ is now more popular among the people who follow our advice than it ideally would be.

Today I want to put to rest another common misunderstanding about effective altruism and 80,000 Hours: that we are against systemic change.1

Despite being the most widespread critique of effective altruism, the idea is bizarre on its face. We are pragmatists at heart, and always looking for any ways to more effectively make the world a better place.

Why couldn’t pursuing broad-scale legal, cultural or political changes be the most effective approach to making the world a better place? The answer is simply that they could!

So there is nothing in principle about the idea of maximising the social impact of your work that rules out, or even discourages, seeking systemic change.

What about in practice, though? Here are some systemic changes people who identify as effective altruists are working on today:

  • Most of the recent Open Philanthropy research and grants, on immigration reform, criminal justice reform, macroeconomics, and international development, are all clearly focussed on huge structural changes of various kinds.
  • The OpenBorders.info website also researches and promotes the option of dramatic increases in migration from poor to rich countries.
  • A new startup called EA Policy, recommended for support by my colleagues at EA Ventures, is trialling making submissions to open policy forums held by the US government over this summer.
  • Our colleagues at the Global Priorities Project research the most important policy priorities for governments, and how they can establish better cost-benefit and decision-making processes.
  • One of GiveWell’s main goals from the beginning, perhaps it’s primary goal, has been to change the cultural norms within nonprofits, and the standards by which they are judged by donors. They wanted to make it necessary for charities to be transparent with donors, and run projects that actually helped recipients. They have already significantly changed the conversation around charitable giving.
  • Giving What We Can representatives have met with people in the UK government about options for improving aid effectiveness. One of the first things I wrote when employed by Giving What We Can was about appropriate use of discounts rates by governments thinking about health services. Until recently one Giving What We Can member, who we know well, was working at the UK’s aid agency DfID.
  • Some 80,000 Hours alumni, most of whom unfortunately would rather remain anonymous, are going into politics, think-tanks, setting up a labour mobility organisations or businesses that facilitate remittance flows.
  • Several organisations focussed on existential risk (FHI, CSER and FLI jump to mind) take a big interest in government policies, especially those around the regulation of new technologies, or institutions that can improve inter-state cooperation and preclude conflict.
  • 80,000 Hours alumni and effective altruist charities work on or donate to lobbying efforts on animal welfare, such as Humane Society US-FARM, or are activists working for dramatic society-wide changes in how humans view the moral importance of non-human animals.

It looks to me like it’s more accurate to say that effective altruists <3 systemic change.

We’re not done though.

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80,000 Hours thinks that only a small proportion of people should earn to give long term

Blog post by · Published July 6th, 2015

Norman Borlaug didn’t make millions, his research just saved millions of lives.

One of the most common misconceptions that we’ve encountered about 80,000 Hours is that we’re exclusively or predominantly focused on earning to give. This blog post is to say definitively that this is not the case. Moreover, the proportion of people for whom we think earning to give is the best option has gone down over time.

To get a sense of this, I surveyed the 80,000 Hours team on the following question: “At this point in time, and on the margin, what portion of altruistically motivated graduates from a good university, who are open to pursuing any career path, should aim to earn to give in the long term?” (Please note that this is just a straw poll used as a way of addressing the misconception stated; it doesn’t represent a definitive answer to this question).

Will: 15%
Ben: 20%
Rob: 10%
Roman: 15%

Instead, we think that most people should be doing things like politics, policy, high-value research, for-profit and nonprofit entrepreneurship, and direct work for highly socially valuable organizations.

The misconception persists for a few reasons: when 80,000 Hours first launched, we led with the idea of earning to give very heavily as a marketing strategy; it was true that we used to believe that at least a large proportion of people should aim to earn to give long-term; earning to give is much simpler and more memorable than our other recommendations;

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In some careers your parents can give you a huge boost. Should you do what they did?

Blog post by · Published July 3rd, 2015

Angelina-Jon-GettyWould Angelina Jolie have been as successful if her father wasn’t Jon Voight?

In our talks we often note that in the past people typically went into the same career as their parents, but today young people are free to choose from a much wider range of options that might suit them better. That’s true, and it’s a great thing. However, there are still sometimes reasons to follow in your parents’ footsteps.

New research shows that working in the same field as a successful parent can give your odds of success a huge boost. Surely some of what’s going on here is that the child of a star parent is more likely to try to enter the same field in the first place, but part must also be that they are more likely to succeed when they do so.

Some, perhaps even most, of that effect will be due to to unfair and zero-sum nepotistic advantage, and so shouldn’t be actively exploited. But part of it must also be down to nothing immoral: you will start learning about the work incidentally from a young age, you’ll happen to make useful contacts as you grow up, and your parent may even be able to offer you personal coaching.

Unfortunately, the boost seems to be largest in fields where performance is hardest to measure (it’s smaller in sport and science) or where a brand surname matters, as in politics.

Here are the results for some of the most competitive positions in society:

nytimesinheritance

I recommend reading the full article which has many more details.

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Why are wages less stable in skilled professions?

Blog post by · Published July 3rd, 2015

There is some evidence, in fact, that markets for highly skilled workers, such as engineers and other specialized professionals, exhibit systematic periods of boom and bust…1

Earnings tend to fluctuate significantly more in highly skilled professions than in others, rising to high levels for a number of years before plunging and, ultimately, rising again. Why is this the case? Here’s the explanation put forward by Harvard economist George Borjas in his leading textbook on Labor Economics.2

What’s going on?

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I want to make a difference. Should I work in marketing?

Blog post by · Published July 2nd, 2015

If you want to make a difference, should you work in marketing? The short answer: probably not. Although marketing may have positive effects through informing consumers, there’s also arguments that marketing is harmful, so it’s overall effect is unclear.

However, marketing is a valuable, transferable skill. So spending several years in marketing keeps your options open and could open up positions in high-impact organisations.

It’s also well paid, so worth considering for earning to give.

Overall, it’s worth considering as an early career option, especially if you’re stronger on verbal rather than quantitative skills, and don’t want to work in consulting (which is also highly paid and keeps your options open).

Read our full new career profile.

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What are your chances of getting elected to Congress, if you try?

Blog post by · Published July 2nd, 2015

Congress being sworn in

The short answer to this question is ‘very low’. In total there are 535 seats in Congress and 320 million people living in the USA. At any point then, just 1 in 600,000 people living in the USA are members of Congress.

In a competition this insanely selective, only a small share of the population will have what it takes to seriously pursue a career in national politics. Some people who seem like they could be in with a chance – great undergraduate results, high verbal intelligence, charisma and persuasiveness – come to us looking for advice on their career.

If you were one of these people and actually tried to become a member of Congress, your odds would be much higher than 1 in 600,000 – but how much higher exactly?

It’s not straightforward to find a way to make progress. Nevertheless, we think we have found an approach that can get us in the right ballpark for some kinds of people. The method we will use is called reference class forecasting. In reference class forecasting you find a group that you are a member of and see what share of people in that group succeed.

Who makes it to Congress?

If you want to know how closely you resemble existing members of Congress the paper to start with is ‘Membership of the 114th Congress: A Profile‘, from the Congressional Research Service.

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What’s the best way to spend $20,000 to help the common good?

Blog post by · Published June 28th, 2015

I recently came across the following question posted by Paul Buchheit (the founder of Gmail):

Assume that I’m going to get rid of $20,000 and my only concern is the “common good”. Which of these is the best use of the money: give it to the Gates foundation, buy a hybrid car, invest it in a promising startup, invest it in the S&P500, give it to the US government, give it to a school, other?

Many of our users donate money as way to do good with their careers, and I liked this way of posing the question – it’s both broad and concrete. So I spent an hour writing out a rough answer.

I’ll take each option in turn and eliminate the worst ones, then compare a shortlist at the end.

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I want to make a difference. Should I become a philosopher?

Blog post by · Published June 27th, 2015

To most people, this question sounds like a joke. I think that’s the wrong reaction. (Full career profile on philosophy PhDs here)

I think research into philosophy (certainly, at least, moral philosophy, and some other areas in political philosophy, epistemology and decision theory), is potentially extremely valuable. The impact of philosophy on the world seems to me to have been vast. Aristotle, Aquinas and Augustine shaped much of Christian ethics. Locke heavily influenced the American constitution. Peter Singer helped give rise to both the animal welfare movement and to the effective altruism community, and Nick Bostrom has catalyzed concern for existential risks, in particular risks from artificial intelligence. If you include aspects of the Bible (such as the Ten Commandments and the Golden Rule), the writings of Budda and the writings of Confucius as philosophy, as I think you should, then most people for most of civilization have had large chunks of their lives shaped by the philosophical views of the time…

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Should you go into journalism to make a difference?

Blog post by · Published June 25th, 2015

We just completed an exploratory profile on journalism. To write the profile, we interviewed an NPR correspondent and a writer for the New Yorker, and spent a day reading the best advice we could find on the career.

When it comes to having a social impact, journalism might not be the first career you think of, but we think it’s actually a pretty good option, because you can use it as a platform to promote neglected causes to a big audience. The main downside is its competitiveness, which is exasperated by reductions in the number of positions over the last decade. Spending a couple of years in journalism is also better for career capital than it first looks, because you can use it the build a good network.

Read the rest of the profile.

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Should you do a computer science PhD?

Blog post by · Published June 20th, 2015

We’ve released a new exploratory profile on computer science PhD’s in the US.

Our recommendation in the profile:

A computer science PhD offers the chance to become a leading researcher in a highly important field with potential for transformational research. Especially consider it if you want to enter computer science academia or do high-level research in industry and expect to be among the top 30% of PhD candidates.

Read the rest of the profile.

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Why an economics PhD might be the best graduate program

Blog post by · Published June 18th, 2015

We’ve released an exploratory profile on doing an Economics PhD in the US, concluding that it looks like one of the most promising graduate study options for people who want to make a difference.

Our recommendation in the profile:

An economics PhD is one of the most attractive graduate programs: if you get through, you have a high chance of landing a good research job in academia or policy – promising areas for social impact – and you have back-up options in the corporate sector since the skills you learn are in-demand (unlike many PhD programs). You should especially consider an economics PhD if you want to go into research roles, are good at maths (i.e. quant GRE score above 165) and have a proven interest in economics research.

Read the rest of the profile.

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Announcing the effective altruism handbook

Blog post by · Published June 15th, 2015

Effective Altruism HandbookA new Effective Altruism handbook has been released, which features some of 80,000 Hours’ ideas about high impact careers.

This handbook is made up of blog pieces and essays that are freely available online, and has been compiled by Ryan Carey, and released with some assistance from the Centre for Effective Altruism.

It has 24 mini-chapters altogether, split into five sections What is Effective Altruism, Charity Evaluation, Career Choice, Cause Selection and Organizations. Its foreword by Will MacAskill and Peter Singer, is new, as are concluding letters by seven effective altruist organizations. A lot of discussions have gone into deciding which writings are the best for describing the main concepts of effective altruism, so that’s another reason to check it out.

The rest of the essays are freely available online, and were compiled by Ryan Carey with the support of the Centre for Effective Altruism.

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New profile on a new career path: data science

Blog post by · Published June 13th, 2015

Data science

We’ve released a new exploratory profile on data science.

Our recommendation in the profile:

If you have a PhD in a quantitative subject, or if you’re the type of person who would enjoy a quantitative PhD, you should consider data science as an option. You are particularly likely to be well suited if you want to do research that produces immediate and tangible results, and are able to clearly present quantitative findings to people without technical backgrounds.

Read the rest of the profile.

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New in-depth profile on software engineering

Blog post by · Published June 11th, 2015

We’ve released a major update to our career profile on software engineering.

See the updated profile here and the full report on which it’s based here.

Our recommendation in the profile:

Software engineering at large tech-firms is a highly promising option that’s especially easy to test out. If you have good analytical skills (even if you are from a humanities background), you should strongly considering testing it.

Topics explored in the full report include:

  • How to test out your fit for software engineering.
  • Using software engineering to pursue high-impact projects on the side.
  • A comparison of US and UK earnings – we found that average salaries are 40% higher in the US than in the UK, 80% higher in Silicon Valley than in London, and starting salaries for bootcamp graduates are around twice as high in Silicon Valley as in London.
  • What software engineering is like day to day and the key stages of progression.

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The winner takes all economy

Blog post by · Published June 10th, 2015

It’s said that we live in an increasingly “winner takes all” economy. The following chart provides a nice illustration.

From “The Rich are Getting Richer” by The Investor Field Guide (click image for link)
From “The Rich are Getting Richer” by The Investor Field Guide (click image for link)

It shows that from the mid-90s, the companies with the largest profit margins have seen their profit margins expand dramatically – from about 15% to over 20%.

Those at the bottom have seen their profit margins shrink, and the middle 60% have seen little change. The winners are increasingly taking it all.

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