![]() On his watch, unemployment fell below 5 percent - the lowest it had been in 20 years! Now it’s hard to say how effective any one person in Washington really is, but Time magazine named Reich one of the 10 best Cabinet members of the twentieth century. He helped put in place the Family and Medical Leave Act he raised the minimum wage. Secretary of Labor during President Clinton’s first term. And then one day I went into the Oval Office and explained to the president that I just felt that I had no choice. I made the decision that shortly after the election I would leave. Robert REICH: Well, I decided – I mean this was long in coming – I was feeling more and more miserable about not seeing my kids, it was weighing on me to a greater, and greater extent. First, here’s someone who made headlines when he quit. I’ve quit a dream job, with the New York Times I quit my childhood dream - being a rock star I even quit a religion. Now full disclosure here: I am a serial quitter. My thesis is simple: in our zeal to “tough things out,” to keep our nose to the grindstone, in our zeal to win, we underestimate the upside of quitting. ![]() I encourage you to think about quitting, and the first person we hear from quit a perfectly good job to become a hooker! But hear me out. I enjoyed my customers I enjoyed the kindness, and I enjoyed every part of it.Īll right, so we’re probably starting off on the wrong foot here. But it wasn’t something that I felt was demoralizing. For me, I don’t have a problem with having sex with strangers. I know that it was the right decision for me. And go with something that maybe isn’t considered that. It paid somewhere between three hundred and fifty to five hundred dollars an hour.ĭUBNER: In retrospect, how do you feel about that decision back then to quit that solid, steady fairly good-paying job for the life of a high-end escort?ĪLLIE: You know, of course it’s always scary to leave behind something that’s legit. I enjoyed my work and enjoyed my free time and of course the extra money allowed me to do a lot of the things I wasn’t able to do before.ĭUBNER: So tell me, what was this new work that you found?ĪLLIE: The new job that I found was that I was a high-end escort. I had to work a lot less.ĭUBNER: It must have been very, very, very difficult or unpleasant work, then?ĪLLIE: Oh, no. In your new pursuit - did you have to take a big pay cut?ĭUBNER: Way better like, 50 percent more? Twice as much?ĭUBNER: Three times as much? Four times as much?ĭUBNER: Somewhere around four times as much?ĭUBNER: That means, well you must’ve of, that means you must of had to work way more hours than you worked as a computer programmer then, right?ĪLLIE: This is what was so great about it. I am more of a social person, and it requires long, long periods of sitting at a computer desk talking to nobody.ĭUBNER: I understand that you ended up quitting this job. That sounds pretty good.ĭUBNER: And how did you like to spend your money, generally?ĪLLIE: I think like most 25 year old women, you know, shoes, and I had a nice place to live and a decent car to drive, so…ĪLLIE: I never loved it. Let’s start with the story of a woman we’ll call “Allie.” Back in 1999, when she was about 25, Allie’s life was already what most people would consider pretty successful:ĪLLIE: I was working for a Fortune 500, large company.ĭUBNER: What kind of work were you doing?ĭUBNER: What kind of money were you making then?ĪLLIE: You know, sixty, seventy thousand dollars a year.ĭUBNER: OK, so sixty or seventy thousand dollars as a twenty-five year old living in Texas goes a pretty long way. ![]() If only you weren’t so worried about the sunk cost. It means that for every hour or dollar you spend on one thing, you’re giving up the opportunity to spend that hour or dollar on something else - something that might make your life better. One is called “sunk cost” and the other is “opportunity cost.” “Sunk cost” is about the past - it’s the time, or money, or sweat equity that you’ve put into something, which makes it hard to abandon. (I know, you’re envious.) But there are two things they love to talk about that will help us understand quitting. You know: “a quitter never wins and a winner never quits.” You know what I think when I hear people say that? I think: Are you sure? It’s become so ingrained that we don’t even think about it any more. Why? Well, because everybody else is always saying the opposite. Maybe there’s some dream project you’ve been working on so long that you can’t even remember what got you all heated up about it in the first place. Maybe it’s a relationship that’s curdled. I mean, honestly, radio is the perfect medium for multitasking - unless maybe you’re using a chainsaw or something. No no, I don’t mean like stop so you can give your full attention to this radio show. I’d like you to stop whatever you’re doing right now.
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