CTR

Ok this is a post that has been delayed by about a couple of weeks. One of those things that has been in my head now for a while so writing it. So some two or three Sundays back (more likely to be two) I went to the famous CTR in Malleswaram for breakfast. For the first time ever. Yeah I now it’s supposed to be a classic place and all that but it’s only now that I’m getting acquainted with north/west parts of Bangalore so had completely missed out on this so far.

So as per what several people had told me at various points of time in life, the Masala Dosa at CTR was brilliant. Unparalleled. The difference between CTR and Vidyarthi Bhavan is that the former makes masala dosa just the way that other restaurants do, but only much better and tastier. The dosa at Vidyarthi Bhavan is a different animal altogether and am told the has very different composition to what is made in other restaurants.

There is another important difference between CTR and Vidyarthi Bhavan and thats in terms of service and crowd management. Vidyarthi Bhavan does an excellent job in this regard, striving to “rotate table covers” as quickly as possible. Within moments of you taking your seat, your order gets taken, the dosa arrives, as does the bill and a look from the waiter asking you what the fuck you are doing there considering you have finished your tiffin. Extremely efficient from the point of view of the restaurant (in terms of maximizing capacity) and for customers looking for a quick dosa, but not so from the point of view of people who want to linger for a while and chat.

Unfortunately the one time I’ve been to CTR (2 sundays back) I was in a bit of a hurry since I had to go attend a quiz. Maybe the intention of the restaurant is to allow customers to sit for a while and chat up, but I don’t know if you can actually do that since at any given point of time (reports might be biased since this was a Sunday morning, 9am) there are four people waiting for you to leave so that they can grab your seat. This large crowd that is in waiting is also I think a result of slow service at the restaurant (simple queuing theory – for a given arrival rate, the slower the service rate, the more the average queue length).

There were some simple tasks in which CTR didn’t do so well. For example, making a customer wait for ten minutes before you take his order is not only ten minutes wasted for him, it is also ten minutes of absolutely unproductive “table time” – something that a fast food place like this can’t really afford. And then the ordered items also took a long time to arrive (again, most people at CTR have the same order – one “masaal” so I do hope the make dosas “to stock”) – but then their kitchen capacity may not match up to the capacity of the seating area (which isn’t too much). You pay bill at the table itself rather than at the counter which means you sit there for even longer. And so forth.

This post is supposed to be a part of this series that I was writing some four years back examining the Supply Chain practices and delivery models at various fast food restaurants in Bangalore. I have only one observation with respect to CTR and based on that I don’t give it very high marks in terms of supply chain and delivery efficiency. However, the dosa there is so awesome that I’m sure that I’ll brave the crowds and go there more often and might be able to make better observations about the process.

NED Open

Happened today in three places. Chennai went in the morning, Bombay early in the afternoon and here in Bangalore in the evening. As part of the introduction to the finls we had written “if you are satisfied with the questions kindly let us know. If not, write to us in civil language and we will look into it”. I would encourage you to use the comments thread on this post to do the same.

Some personal comments at the end of it:

  • It’s insanely tiring for a single quizmaster to do a quiz this long (72 questions + LVC in finals). I can hardly talk right now and was shouting myself hoarse towards the end of the quiz (and as if it wasn’t bad enough, there was a tiebreaker to be conducted)
  • 72 questions plus a LVC is way to long for finals. True to the nomenclature of the quiz, I noticed several teams and part of the audience put NED towards the end. That it was late in the evening did matter i think. But again thinking about it, isn’t it fair that people put NED at the NED quiz?
  • One art I need to become better at is in terms of dividing points between teams in cases of partial answers. But then the problem there is however you do it, some team is bound to crib
  • Given it was such a long quiz, I was quite low on energy towards the end so probably did a worse job of point distribution, funda explanation etc. than I could have done
  • One needs to recognize that the concept of the LVC has been designed with an intention to irritate, and so some teams are bound to get pissed with it. As long as the audience enjoys you are good
  • One mistake I did (and I did this several times) was to continue wiht a question even after one team had given a “good enough” answer, and then finally give points tothe team that had originally given the “good enough” answer. This both wasted time as well as pissed people off
  • At the end of the quiz i was feeling so damn tired that all I wanted to do wsa to go to Dewar’s wine shop on St Marks Road and buy myself a bottle of Amrut Fusion and finish it off. But then, NED happened.

Compensating Teachers

This is yet another of those things which I’ve been thinking about and have been intending to write about for a long time but have never gotten down to it. Pinky wrote this excellent post on the topic today and that has got me thinking. To quote her,

A bad teacher makes a bad student. A teacher who looks at teaching as just another job is doing no good to anyone. She neither grows in her life nor contributes to the positive growth of a kid.There have been a few teachers in my life who i have tremendous respect for, not because they taught me effectively enough to pass in their subjects but because they taught me to listen, think and speak!

I don’t have any solutions yet but I thought I should just put some bullet points here, just to try and give a structure to the problem. Let me know your thoughts

  • If we consider a person’s salary as Society’s recognition of his/her worth, school teachers are not recognized enough
  • Abysmal salaries drive away a large number of potential school teachers away from the profession
  • Love for teaching is important, but if teaching pays as abysmally as it currently does, the opportunity cost of doing what you love is way too high for some people, and so they end up in other professions
  • We have a market failure in teaching – how do we run a school profitably while paying teachers competently while on the other hand keeping fees reasonable, and not resorting to any subsidies?
  • India suffers from what I call the “official’s wife bug”. In the 60s and 70s, the teaching profession got flooded by women who weren’t really looking to make much money, but more to just pass some time and use their bachelor’s degrees rather than being housewives. This has fostered a culture of low schoolteachers’ salaries in India. People who weren’t looking to make money out of teaching crowded out those who found the opportunity cost of the low salaries in teaching too high.
  • McKinsey interview level arithmetic: assume a school having classes 1 to 12, 4 sections per class, 40 students per section. 8 periods a day 5 days a week gives a total of 12 * 4 * 8 * 5 = 1920 periods per week. Assuming each teacher can take 5 classes a day (or 25 a week) we will need 77 (round it off to 80) teachers. Number of students is 12 * 4 * 40  = 1920, so essentially 25 students have to pay for one teacher’s salary, and this is apart from expenses towards school building, maintenance, overheads, etc. McKinsey level handwaving. 10 students have to pay for one teacher’s salary. Doesn’t sound feasible
  • Primary and secondary education is simply way too important to be left in the hands of unmotivated disinterested people, but that seems like the situation we are in (I dont’ mean to say all teachers are unmotivated or disinterested; just that the situation doesn’t incentivize talented motivated people to enter the profession).
  • Universities attract talent by allowing faculty to make money by other means such as consulting and organizing for-profit courses. Will something like that work for schools? And no, I’m not talking about private tuitinos as the other source of income. Is there something else?
  • Government intervention is not a solution. In a place like India it will only end up messing up things further and draining more money from the system.
  • In the pre-IT era, teaching salaries were more competitive (with respect to competing jobs) than they are now, so they could attract better talent
  • I wonder if it is only in India that such a large proportion of school teachers are women. This is just a general pertinent observation, and has nothing to do with the rest of the post
  • The officer’s wife model was good when it started off – some motivated people came into the system because fo that. Just that the system is not sustainable and we’re facing the problems of that now and because a lot of school managements fail to take into account that the model isn’t sustainable

Any thoughts on this? Any possible solutions? Of course it’s not possible to implement any macro-level solution. All I’m looking at is a school-level solution. How do you plan to run one school (of size I mentioned in my bullets) sustainably while ensuring teachers are paid adequately enough to not scare away interested people?

Why Kannadigas are Inherently Lazy

There is something about the weather in Bangalore. There is something about the weather in Bangalore that perks you up. There is something about the weather in Bangalore that most of the time you really want to do something, to be active, to go out, walk around, lead an active life and all such. The first few days I spent in Bangalore after my return from Gurgaon in June I spent literally jumping around. The weather was so uplifting. It filled me with so much enthu for everything in life!

So I was wondering why people usually classify Kannadigas as being inherently lazy. As one of the professors in my JEE coaching factory used to say “naavu Kannadigarige aambode mosaranna koTTbiTTre khushhyaagiddbiDtivi” (if someone gives us Kannadigas dal vada and curd rice, we’ll live happily forever, and we will forget about working hard). Basically implying that we are inherently not too ambitious, and that we are generally laidback about stuff.

Thinking about it, I was wondering if the wonderful climate of South Interior Karnataka has to do with this (people from North Karnataka and the coast are supposed to be fairly hardworking, and are not known for their laidbackness unlike us Old Mysore people). I wonder if this laidbackness is because our wonderful weather has spoilt us. Spoilt us to an extent that we don’t really need to normally fight against the odds.

So I was thinking about Gurgaon, the other place where I’ve recently lived in. Gurgaon has horrible climate. Maybe a total of one month in the year can be desccribed as “pleasant”. Most of the time it’s either too hot or too cold. Temperatures are extreme. When it rains the whole place floods up. If people in Gurgaon are happy it is in spite of the weather and because of it. And therein lies the reason why people from there are traditionally more hardworking than us people from Old Mysore.

Blessed with such wonderful climate, we don’t really need to fight the odds. If today is too hot, we can put off the job for another day when we’re sure it’ll be cooler. If it rains too much today, we know that it’s likely to be dry tomorrow and can thus postpone it. Essentially we don’t need to put too much fight. When the weather is good, we are all jumpy and enthu and do our work. Which allows us to wait and sit when the weather is bad.

The man in Gurgaon, or in Chennai, or even in Raichur, however, can’t afford that. The likelihood of him having a good day weatherwise sometime in the near future is so thin that there exists just no point for him to postpone his work thinking he’ll do it when he feels better. This means that he is culturally (rather, climatically) conditioned to work against the odds. To do stuff even when he doesn’t want to do it. To essentially put more fight. And so he avoids that “inherently lazy” tag which people like us have unfortunately got.

I’m reminded of the second case that we did in our Corporate Strategy course at IIMB, from which the main learning was that sometimes your biggest strengths can turn out to be your biggest weaknesses.

nODi swami, naaviruvudu heege.

A View From the Other Side

For the first time ever, a few days bck, I was involved in looking at resumes for campus recruitment, and helping people in coming up with a shortlist. These were resumes from IIMB and we were looking to recruit for the summer internship. Feeling slightly jobless, I ended up taking more than my fair share of CVs to evaluate. Some pertinent observations

  • There was simply way too much information on peoples’ CVs. I found it stressful trying to hunt down pieces of information that would be relevant for the job that I was recruiting for. IIMB restricts CVs to one page, but even that, I felt, was too much. Considering I was doing some 30 CVs at a page a minute, I suppose you know how tough things can be!
  • The CVs were too boring. The standard format certainly didn’t help. And the same order that people followed -undergrad scores followed by workex followed by “positions of responsibility” etc. Gave me a headache!
  • People simply didn’t put in enough effort to make things stand out. IIMB people overdo the bolding thing (I’m also guilty of that), thus devaluing it. And these guys used no other methods to make things stand out. Even if they’d done something outstanding in their lives, one had to dig through the CV to find it..
  • There was way too much irrelevant info. In their effort to fill a page and fill some standard columns, people ended up writing really lame stuff. Like how they had led their wing football team in the intra-hostel tournament. Immense wtfness. Most times this ended up devaluing the CV
  • Most CVs were “standard”. It was clear that people didn’t make an effort to apply to us! Most people had sent us their “finance CV” but would you send the same CV for an accounting job as you will for a quant job? Ok yeah I understand this is summers, but if I see a CV with priorities elsewhere, I won’t shortlist them!
  • By putting in several rounds of resume checking and resume workshops, IIMB is doing a major disservice to recruiters. What we see are some average potential corporate whores, not the idiosyncracies of the candidates. Recruiting was so much more fun when I’d gone to IITM three years back. Such free-spirited CVs and all that! This one is too sanitised for comfort. Give me naughtyboy123@yahoo.com any day
  • People should realize that campus recruitment is different from applying laterally. In the latter, yours is one of the few CVs that the recruiter is looking at and can hence devote much more time going through the details. Unfortunately this luxury is not there when one has to shortlist 20 out of 180 or so, so you need to tailor your CVs better. You need to be more crisp and to the point, and really highlight your best stuff. And if possible, to try and break out of standard formatI admit my CV doesn’t look drastically different from the time it did when I was in campus (apart from half a page of workex that got added), but I think even there I would make sure I put a couple of strongly differentiating points right on top, and hopefully save the recruiter the trouble of going through the whole thing.
  • I think I’m repeating myself on this but people need to realize that recruiters don’t care at all about your extra-currics unless you’ve done something absolutely spectacular, or if there is some really strong thread running  through that section. So you don’t need to write about all the certificates that you have in your file

The bottom line is that recruitment is a hard job, especially when you have to bring down a list of 200 to 20 in very quick time. So do what you can to make the recruiter’s job easy. Else he’ll just end up putting NED and pack you.

Relationships and IIT

So the basic premise of this post is that being in a romantic relationship is like studying at IIT.

Everyone wants to get into IIT. They do thipparlaaga to try and get in. They join expensive coaching classes. Some of them even move cities. They wait for several years giving multiple attempts. People work extremely hard. Still, success is not guaranteed. There is that luck factor. There is the day’s performance that matters. Some days are important than others. Cracking the JEE is a “discrete” job.

While preparing for JEE, everyone thinks that if they clear the exam, their life is made. They come under the impression that after JEE, life will become smooth. That they won’t need to put any fight for the rest of their lives. That all that matters for their future is their cracking the JEE. And so forth.

It’s only after people come to IIT that they realize that life is not the cakewalk they assumed it to be. It is only after they get there that they realize that life after JEE is quite hard. That it is necessary to work hard. That if they don’t work hard, they will do very badly, and might flunk. It is only when they get to IIT that it hits them. Some learn quickly but others get disillusioned and give up in life. Several people do badly. Some even drop out.

So it’s similar with a romantic relationship. Everyone wants to get into a romantic relationship. Everyone looks only about the “entrance examination”. Everyone believes (before they get in) that life ban jaayegi after they get into a relationship. And getting into a relationship is a “discrete” job. It’s about how you “perform” during those blading sessions. It takes that bit of luck. It takes those set of fateful events to happen together in that precise coincidence.

And it is only when you get into a relationship that you realize how hard it is (provided you haven’t been there before). It is like being in IIT all over again. You know that you will need to work really hard to keep it going (applies to both parties). It is a continuous job, and you need to continuously “perform”. The randomness is much smaller than it is during the “relationship acquisition” phase.  However, you necessarily need to work hard. There is no “stud way out”. Some people give up when they find this out and break up (drop out). Others understand and put in the requisite effort and sustain the relationship. And continue to work hard.

The thing with arranged marriages is that you are typically forced to commit as soon as you’re done with “evaluating” the other person. You don’t get to test the counterparty on their ability to work hard and keep things going. It is like offering someone a job as soon as he has cleared the JEE.

And I wonder if one can draw an analogy between marriage and (academic) tenure.

Food Review: Silver Thali at Maiya’s

The new Maiya’s restaurant has recently started a concept called the “silver thali”. Served on the third floor, it is advertised as “fine dining”. And the high point of the meal was supposed to be the “40 items”. Despite the steep price tag of Rs. 350, I wanted to try it out, and hence chose this place when I had to treat my cousin and cousin-in-law last night.

It is an extremely small place, the hall where the “silver thali” is served, on the third floor. Mindful of the 40 items that were to follow, we decided to take the stairs. We were made to wait for a brief while while they set up our table, and in we went. The dinner began with a speech by the owner of the restaurant explaining the “concept” of the 40-course meal and advising us to just “have a taste” of each of the items in the meal, and we could then revisit the items we liked if we still had stomach capacity. The freaky part of his speech was that he asked us to recommend his meal to friends and relatives – it wouldv’e been ok if it were after the meal, but I don’t know what the guy was doing telling us this before we’d been served.

The most freaky part of the meal was the waiter. Given that it was positioned as “fine dining”, it was fair on the restaurant’s part to recruit someone who spoke English. Unfortunately the guy couldn’t speak Kannada. So here we were – three Kannadigas (ok – two; cousin-in-law is technically marathi) eating proper Kannadiga food, and not able to discuss it with the waiter. Also, the waiter had some complicated fundaes about the direction from which to serve, and he kept coming behind us and between my cousin and me in order to serve me. Was very freaky. And the number of times he told me “and for you, sir” suggested he was a steward in his previous job.

We enthusiastically counted the items as they arrived. We lost count midway through the meal, but I think there were 40 items – counting each variety of papad separately, and the chips, and the beeDa. Most of the items were of better-than-decent quality. They also had some “exotic” items such as the tambULi, the lime rasam, “gojju-amboDe”, etc. Surprising thing was there was just one big sweet – and then there was paayasa made of hesarbELe (this is the paayasa usually made at death ceremonies) and some grapes “gojju” which  tasted like chyawanprash.

The worst part of the meal, though, was the rice, which was hard – and this made it very difficult for me to enjoy any of the rice-accompanist items (majjige huLi (similar to the north indian kadhi) , sambar, rasam, tambULi, etc). Thing is they cook rice once for all the people dining in the fine dining area, and so it would’ve become slightly cold by the time you are served, especially if you’ve gone late. The grains were too big and didn’t gel well with the accompanying items – which were too watery to gel with this kind of rice. In fact it was similar to the rice they make at Shiok, but that kind of rice is perfect for Thai stuff, not for Indian stuff.

The rest of the items were ok, but I still wouldn’t recommend this thali. There are too many items, and the service is a bit freaky, and it is overpriced. They don’t seem to know how to do the fine dining stuff. They make excellent food though, which is why I recommend you to visit the Restaurant. However, I advise you to go to the first or the second floor and have the normal thali (priced at Rs. 125). Excellent food. Significantly better service. Better “experience”.

Silver Thali at Maiya’s, 30th Cross, 4th Block, Jayanagar, Bangalore:

Cuisine: South Indian vegetarian

Meal for three: Rs. 1050 (alcohol not served)

3 stars;

Menu (whatever I can remember):

  1. Choice of grape and ginger juice
  2. Tomato soup
  3. fruit chaat
  4. Kosambri
  5. lady’s finger dry curry
  6. cabbage and chickpeas dry curry
  7. vegetable saagu
  8. onion-and-potato saagu
  9. poori (oh, there was no chutney; #fail)
  10. gojju-AmboDe
  11. some yellow bengali sweet
  12. onion pakoda
  13. bisi bele bhath
  14. aloo dum pulav
  15. raita
  16. potato chips
  17. plain rice
  18. tambULi
  19. mixed vegetable majjige huLi
  20. sambar
  21. tomato rasam
  22. lime rasam
  23. normal papad
  24. small papad
  25. fryums
  26. baaLka mensinkai (fried salted chillies)
  27. hesrbELe (moong dal) paayasa
  28. pickle
  29. curd
  30. buttermilk
  31. grapes gojju (the thing that tasted like chyawanprash)
  32. choice between hot chocolate fudge and fruit salad with ice cream
  33. beeda
  34. water

Quick Update

I heard that some of you got scared after reading my last post. My apologies for that. I’m in Bangalore now, and don’t have proper internet access here. Use my phone to check email and twitter, so I’m available on those, but there is no easy-to-use mobile tool to access wordpress so haven’t been able to update this blog.

Things will remain this way for a few more days till I get broadband (at my new house on K R Road). Regular programming won’t resume until then. I’m getting thousands of kickass ideas for kickass blog posts but with net not being available readily, I’m not able to implement too well on them.

Oh and for the record, I “do nothing” now. In the sense of job, I mean. I don’t really know what I want to do next apart from the fact that I want to live in Bangalore. Medium term plan is to become a quantitative consultant, but I need more clarity on that.

Let me know if you guys have any kickass ideas for me. Regular service will resume here in about a week’s time (or maybe later).

Three is a company, or Difficulty in maintaining bilateral conversation

How easy do you find it to reconnect with an old friend in a one-on-one meeting? How easy do you find it to sustain conversation beyond the first half an hour or so when you catch up on the lives of each other? Especially when you don’t have an external “stimulus” such as alcohol or sport or a movie?

It is incredible that it happens so frequently, and even with so-called really close friends. In fact, closeness of friendship may not even matter so much, as I’ve seen this happen with a large variety of people. You meet after a long time assuming you’ll talk the night away, and half an hour and pfff. Both of you run out of ideas, stare vaguely into your coffee cups, and make meaningless conversation about who has moved to which job.

The number of possible conversations grows quadratically with the number of people meeting up (or even at a higher order if you consider that strictly more than two people can stimulate conversation in a certain topic), which is why it is highly unlikely that in a group of three, you run out of ideas to talk about. And it gets better as the size of the group increases (though if it grows too large, it will split into sub-groups which maintain their own conversatiosn).

So where does louvvu fit into all this? After all, louvvu happens between a couple, and  a “catalyst” (a third person or a “woh”) is undesirable. Actually I suppose sustainability of conversation is one base case necessary (but not sufficient condition) to determine if louvvu are there. After all, if you can’t sustain conversation without a stimulus for half an hour, fat chance that you’ll be able to peacefully live in the same house for the rest of your lives.

The interesting thing in all this is that there are several people with whom I can sustain online conversation (GTalk etc.) for hours together but our conversation fizzles out when either on the phone or when we actually meet up. I think the deal is that in the former case you are multitasking so not all your energies are spent in the conversation. Also the other tasks that you are doing can give you ideas to further conversation.

Compensation Etc.

For a change I’m keeping up a promise that I’ve made on my blog – I’m actually writing a follow-up post that I’d promised. In the past, I’ve guilty several times of promising to continue something in a follow-up post and then conveniently forgetting about it.

So I had mentioned in my last post that the word “compensation” as used to describe salary is not really misplaced. There has been a lot of debate on this topic. The opponents of the word have said that you aren’t losing an arm or a leg in order to be “compensated”. They say that you are only getting paid for the value you add, and so the use of the word “compensation” is plain wrong. I must admit I haven’t really bothered to read the arguments of the people who support the use of the word.

The basic fact: you work because you need the cash flow to fund the rest of your life.

I know a lot of career-minded folks among you will jump on me for this, but I stand by this. Just get down a little deeper, and ask yourself why you are doing what you are doing. Maybe you don’t get the kind of questions in your head that I normally do, and described in my previous post. Maybe your jobs have put you in the kind of comfort zone where you don’t really need to ask yourself such questions (I was in a similar state not too long back, I must admit). But I encourage you to make that effort and ask yourself this uncomfortable question. And it will be down to the money.

You might say that you are doing some stuff “for the sake of career development”. Rephrase that and you will find that you are doing that in expectation of higher future earnnigs. You might say that you are doing something because you want to “achieve something”. Dig deeper and you may find that you define the fruit of your achievement in monetary terms.

So where does “quality of work”, “impact on society”, “value add”, etc. all fit in? I know that in the not-so-distant past, I’ve also talked a lot about these things. I have rejected a number of potential job offers because I don’t like the “quality of work”. This definitely needs to be incorporated into the model, right?

The next basic fact: work is inherently unpleasant.

I don’t think I’ll spend too much time elaborating this here. Maybe I’ll explain this in the comments if you want. So this is where things like “quality of work”, “value add” etc. all fit in – they make work so much less unpleasant. For example, I enjoy spreadsheet modeling. So if my work involves a lot of spreadsheet modeling, I’ll feel so much less unpleasant doing it. Of course, what I am doing remains “work” and it has to be done, in a certain way by a certain day, and so it remains unpleasant. But the fact that I enjoy the core activity makes it less unpleasant.

Similarly, if you think that the work that you are doing gives you a sense of achievement, then it is as if you are doing a part of the work for yourself, and not for someone else, and thus need to be compensated less. “Compensated less”. So this is where it fits in. You get “compensated” because work is inherently unpleasant. You need some incentive to do the stuff that is inherently unpleasant. So you get compensated.

You may have to live in a city that is not your preferred choice – you need to get compensated for that. You may face an extremely long commute where you waste your time – you need to get compensated for that. You might have to work long hours which can intrude on your personal time – you need to get compensated for that. You may have to deal with lousy colleagues or customers, you need to get compensated for that. The list goes on. And if you think about it, a large part of the money that you get out of your work is just that – compensation. Compensation for your time, your effort, your mindspace, your willpower, etc.

So why work at all, you might ask. Go to basic fact one. You work because you need the money. You are in a certain job because you believe that after compensating for all your “sacrifices” for the job, it will leave you with some more money to fund your life. If you think that the money your job leaves you if you take out the “compensation” part of it is lower than what you need to sustain life, you need to question why you are doing that job.

Investment bankers (the inside the wall type) usually end up spending a lot of their time at work, and despite the reasonable bonuses they get, they might feel they are not being compensated enough. They are doing it because they expect that when they ultimately get promoted they will make enough and more to cover for all this unpleasantness. It is basically an “investment”. If, however, you think you are in a job where you are inadequately compensated but don’t see any hopes of significantly higher compensation in the future, you are cheating yourself by not looking for another job.

This also explains why it is a bad thing to compare your salary with your peers and your old classmates and then feel good or bad about it. No two people have the same needs. No two people find the same things unpleasant to the same degree. No two people make the same trade-offs. Comparing your salary with you peer gives little information.

On a closing note (I know it’s already monstrously long) I find the phrase “work-life balance” amusing. I think it is a construct brought about by the pigs so as to con the sheep into workign harder for them. There is no “balance” between life and work. Life is the master and work is the slave.

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