What does "settle" mean here?
"Don't settle" is a very commonly used phrase in the English-speaking world. It means to not accept anything less than or below your preferences or wants. Steve Jobs uses this expression to advise the students to not "settle" or accept any job that doesn't make them happy or satisfied. Ex: Don't settle for anything less than what you want. Ex: She was unhappy because she settled for a job that was stable but boring.
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