Umista said:
I think he stays. Why? He needs $350,000---$500,000 to make it meet the pain of moving with school kids. Even then I am not sure he moves. Many connections at UM. He stays with us for a few more years, if not longer.
Not that I disagree, but I once knew this dude who was a cook at Outback Steakhouse. He had many connections within the Outback network. He liked the neighborhood that his particular Outback Steakhouse resided in. He grew up there. He wasn't killing it in the kitchen at Outback, but he was doing an above average job (given the steaks he had to work with).
Then, one day, these dudes from Boa Steakhouse called him offering him a job there. He was hesitant until they told him they would triple his $11/hour wage. He had such connections at Outback that he wasn't sure what to do. Then, somebody slapped him in the head and told him it was triple the coin if he went to work for Boa. He thought, 'Well, I might go there and be a bad cook, but they have to give me a chance for at least three or four years...by that time, I will have made the same amount of money that would take me 9-12 years to make at Outback; because I know Outback will never pay its cooks a commensurate wage.' He also thought, 'What if I stay at Outback, and in three or four years I don't become the cook they want me to become? What if the dudes at
Outback fire me someday if I stay? Then I have to become an assistant cook at an Outback-equivalent. If I got fired from Boa after a four year stint, I could at least get a job as a cook at an Outback-equivalent.'
He went to Boa. He did alright, they just wanted their steaks faster. They fired him after four years. He made a more money in those four years at Boa than he would have made in 12 years staying at Outback. After being fired, instead of being relegated to being an assistant cook at an Outback-equivalent, he was hired as a cook at a PF Chang's. He knew it wasn't the big time, but at least he was a cook and not an assistant. And he felt good that he accelerated his earnings by 300% for four years, and afterward, he went back to what he made as a cook at Outback.