If I use economic reasoning, which of the following jobs should I take?Job A. This job involves writing advertisements and creating art to go along with the text. It pays well, though advancing in...
If I use economic reasoning, which of the following jobs should I take?
Job A. This job involves writing advertisements and creating art to go along with the text. It pays well, though advancing in this field takes many years. The employer tells you that you are likely to work a lot of overtime hours. The office is located far across town, involving a long bus ride or drive. The people at the office seem very nice. The work atmosphere is formal, as is the dress code.
Job B. This job involves filling out and filing paperwork. The entry-level pay is low, but there are many opportunities within the company. The employer tells you that the company prefers to "promote from within," or fill vacant jobs by promoting people who already work at the company. The building is a short bus ride, bike ride, or walk from where you live. The people at the office are friendly and helpful, and the whole office has a casual atmosphere.
When deciding which job to take, you have to consider many things.
Job A will pay you more, but it will also cost you more in monetary costs (for your new clothes and your transportation) as well as in opportunity costs (of the time taken to commute and taken up in overtime). The opportunity to advance is more limited.
By contrast, Job B has much less in the way of monetary and opportunity costs. It also seems like it will be better for you in terms of nonmonetary compensation. That is, you are more likely to feel good about going to work. Finally, you will have a good chance to advance.
It is likely, then, that you would want to take Job B because you understand that the pay is not the only economic consideration involved.