“Few People Think Of Finance As An Ethical Career Choice”

Ethicist William MacAskill’s new Quartz article recommends that those who want to aid the less fortunate should trade community organizing for Wall Street banking. Of course, a lot of things you might have to do in that career may lead to destroying the economy and creating more at-risk people. His piece’s opening:

“Few people think of finance as an ethical career choice. Top undergraduates who want to ‘make a difference’ are encouraged to forgo the allure of Wall Street and work in the charity sector. And many people in finance have a mid-career ethical crisis and switch to something fulfilling.

The intentions may be good, but is it really the best way to make a difference? I used to think so, but while researching ethical career choice, I concluded that it’s in fact better to earn a lot of money and donate a good chunk of it to the most cost-effective charities—a path that I call ‘earning to give.’ Bill Gates, Warren Buffett and the others who have taken the 50% Giving Pledge are the best-known examples. But you don’t have to be a billionaire. By making as much money as we can and donating to the best causes, we can each save hundreds of lives.”

Tags: