Dylan Matthews has an interesting report about a group of young American and British professionals with progressive social values and high-paying jobs in finance and tech. The subjects of the piece are unusual because they are giving away between a quarter and a half of their incomes each year, typically to health and anti-poverty charities operating in sub-Saharan Africa. In fact, inspired by the philosopher Peter Singer, they say they have chosen handsomely paid jobs, like high-frequency trading, because they aspire to give away as much money as they can.
I'm a fan of some of the organizations, like GiveDirectly and GiveWell, that are loosely part of this movement toward ethical, high-impact giving, with few or no requirements for the individual recipients of aid. Yet I worry about an ethical stance in which any career choice is socially responsible, as long as one pledges to give generously to charity. The fact is, the number of people who choose to make millions in order to give money away is infinitesimal; the ability to donate generously is usually cited as a guilty liberal's justification for richly rewarded work in fields, like finance, that can be defined by bad social values, such as lobbying for lower corporate tax rates, taking advantage of low-income consumers right here in the United States, and bad labor practices. That's not to say progressives should never work on Wall Street or for Big Food/Pharma/Tech; indeed, we need social justice-committed people within those fields to argue and work for ethical change. But the ethical behavior must go beyond individual philanthropy itself and toward efforts to make corporations better American and global citizens.