What If Your Salary Grew 1% Every Day?
Cheat Code Capital
0:00 / 0:00
What If Your Salary Grew 1% Every Day?
8 просмотров · 9 дн. назад
Cheat Code Capital
13 подписчиков
8 просмотров · 9 дн. назад
Your pay goes up 1% every single day, and nobody can lower it. Day 1: $100. Day 700: $104,867 a day.
Then the board tries to fire you, in the one U.S. state where they can't just do that, and the company finds a way to make you choose.
Chapters
0:00 $104,867 a day
0:53 The rule
1:51 The fun part
2:59 The number
4:10 Good cause
5:11 The projection
6:08 Cost savings
7:00 The offer
8:07 Is any of this real?
It's 11:59 on day 760. You make $190,000 a day, and 360 jobs depend on your signature. Do you sign?
Money notes
1% a day compounds: 1.01 to the power of 365 is about 37.8.
U.S. salary increase budgets run about 3.5% a year.
Montana is the only U.S. state without at-will employment; after probation, firing needs good cause.
Chapter 11 lets a company reject contracts it signed.
The WARN Act requires 60 days' notice for a closing that costs 50+ jobs at a company with 100+ workers.
Sources
https://www.shrm.org/topics-tools/new...
https://jamesclear.com/continuous-imp...
https://www.irs.gov/newsroom/irs-rele...
https://mca.legmt.gov/bills/mca/title...
https://mca.legmt.gov/bills/mca/title...
https://www.sec.gov/Archives/edgar/da...
https://data.worldbank.org/indicator/...
https://www.law.cornell.edu/uscode/te...
https://www.bls.gov/news.release/wkye...
https://www.law.cornell.edu/uscode/te...
Not financial or legal advice. Story is fiction; facts are sourced.
#whatif #animation #money