I would take that deal, but I love my job (RN) anyway.
I’d save half and spend half of my fabulous double raise on travel.
Yes. I’d still be under 6 figures, but it would open up amazing things for me. Things like vacations, buying/maintaining a house, and saving seriously for retirement would all become much, much easier. I like the job reasonably well, and don’t have much of a passion for getting “wealthy,” but a doubling of income puts me in a whole other category of lifestyle; out of the lower middle class and into financial stability!
I guess. Until someone offers me 3x my current salary.
Provided I make enough for my needs and a few of my wants, money is essentially a non-factor in motivating me. As it is, I make enough to cover that and a bit more, and I’m even underpaid as it is because I’ve generally liked my job and I get a good schedule. That said, things have gotten considerably more stressful at work, my favorable schedule is likely to disappear soon, and in general I’m inclined to move on to something more challenging. So, no, doubling my salary would not be enough to keep me doing the job I’m doing now.
That said, a lot of the issues with my job are because I work as a contractor rather than as a GS, so I would consider moving laterally into a GS position doing essentially what I am now, with or without double pay. Hell, at this point, I’d consider doing it for a pay cut. If that were the case, I might be inclined to stay until retirement, particularly since government also gives better benefits and retirement plans. But since that’s not exactly in the scope of the question posted by the OP, since it’s technically a different job, I guess I still have to say no.
I didn’t answer the poll because I came up with an alternative to straight ‘yes’ or ‘no.’
As things are, my wife and I have enough money as long as we’re working, what we need is more time.
If they were going to pay me twice the money to keep on doing what I’m doing, I’d ask if I could work out a job-sharing arrangement with my wife, so that she could quit her current job and we could each work half-time until we decided we were ready to retire. That way, we’d keep on having enough money, and we’d have a lot more free time.
Velocity, context would be a little helpful in your poll. IMHO reading between the lines you seem to be directing the question at younger workers who don’t enjoy their jobs?
As you can see from some of the responses, that is not the case for many here. For some here, we are currently planning on staying in our jobs until retirement. So, double my money? Sure, thanks - doesn’t really change my plans.
Sure, I’ll take $29.xx an hour to answer phone calls all day/every day. For that much moolah, I’ll even be nice to the stupid/mean ones.
Yes, that was my mistake. What I really meant was something to the effect of, “Would you work your job for 30-40 years?”
But lots of people here are already in their 50s, not 20s.
I’m going to work my current job until I retire, anyway, so extra money is just gravy.
This. I’m only 10 years away from retiring and really like my job. Yep, I’ll take that deal in a heartbeat.
Why is “Hell Yes!” one of the answers? I’m at work right now surfing the web. Go ahead and pay me twice as much. 
Assuming the OP will let me count “biology grad student” as a job, my answer is NOPE. As money goes, the $27k stipend ain’t bad for a young single person or two-income couple, but $54k is pretty lousy for a final income. In ~10 or 15 years I should be making substantially more than that. In fact, “lifelong grad student with double pay” is basically the worst case scenario for a research career, since it’s functionally the same as doing an endless string of posdoctoral research positions.
I imagine any medical resident would also turn this deal down flat. They are making $30K now but are poised to make hundreds of thousands per year when they finish the residency.
Pay off the house. Retire in three years. Maybe. I’d have to run the numbers.
I could technically retire now, but the percentage of my salary that I’d get paid is still rising as I get older. The percentage maxes out when I turn 63. That’s in five years. I think the max is 2.148%. So, until I turn 63, not only am I gathering seniority, but the worth of the years I’ve already gathered is going up slightly.
I haven’t kept up on the rule changes, but I think that the salary the percentage is applied to will be an average of my last three years salary. If my salary is doubled, I have incentive to stay those three years. After that, if the numbers are good, It might not be worth staying the last two years.
After that, I will tinker. Get a decent workshop going. Probably hire a landscaper. Somtime before I die, I will build a biogas BBQ grill. It might only be big enough to cook one hot dog, but it will happen. (See, the landscaper will help with that last. I’ll need a good source of lawn clippings and my front yard is scraggly and my back yard is dirt.)
I would. I’ll be working until I drop because I don’t have enough in superannuation. If I could salt away the equivalent of a month’s pay every month, I’d possibly be able to retire one day.
I would have said the same a few years back, before my pay quadrupled. Now? I don’t know the future, so I can’t say which path would leave me better off.
Look into 72t distributions. Basically, you take out an equal amount each year year, for the greater of five years or when you turn 59 1/2.
I’m a bit underpaid for my position, I’m still fairly young (early 30s), I got a promotion within the last year with only a minor pay bump and I intend to keep moving up this technical corporate ladder. So no. Our company recently announced an acquisition of one of our direct competitors, and I know for a fact that equivalent positions in their company get paid significantly better than ours. After the acquisition (6-12 months from now) I’ll be looking for the new company to do some salary rebalancing. If they don’t, it might be time for me to look elsewhere.
…2x my current salary as a retiree would be livable; I’m hoping for like 1.5x my current salary right now. As in my early-mid 30s. I would hope it would be significantly better by the time I retire in my 60s.
I don’t really understand these hypotheticals.
I answered no. Double my salary would probably make most people drool. And I got decades to go to retirement, may some benevolent deity take mercy. But I couldn’t keep the bargain. If you doubled the money, I’d be out wayyyyyy early.