Tuesday, 8 April 2025

If a cab driver makes more money than an IT professional, why should I study?

 You should continue to study so that you would understand what false equivalence is and how to avoid falling into it.


So these are the gems that your finding-A cab driver makes more money than an IT professional-ignores:

  1. An entry level cab driver might make more money than the IT professional, but a senior-level IT professional would have more relaxed life, more vacations, more rooms in the house, more money in stocks, gold and bank than a senior-level cab driver.
  2. All cab drivers, regardless of age or experience, generally earn a fixed rate per trip. In contrast, a high-level IT professional can earn 10 to 100 times more than someone just starting out in the industry.
  3. If you're unhappy in IT, you can always switch to driving a cab. But if you start as a cab driver and later realize your assumptions were wrong, transitioning into IT becomes significantly harder.
  4. Your knowledge compounds in IT. Based on your projects and work experience, you grow up the ladder. And this compounded knowledge results in more money. As cab driver, well, your knowledge is stagnant and your income depends on inflation and not on your skill.
  5. Your IT job has paid holidays, medical leave and health insurance. As cab driver, if you don’t work, no pay.

So

The thing is

Choose right data and derive right conclusions to take right decisions.


-Srinath Nalluri


Average Student ?

I can't make profit on my shop......

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